ERP
Digital Operations
ERP (Enterprise Resource Planning)
Enterprise Resource Planning
Integrated business system used to manage transactions and master data across functions such as sales, purchasing, inventory, production and finance.
Examples
- 01The ERP links sales orders to production orders and purchase orders, so a customer order automatically creates material demand.
- 02Before the new ERP goes live, each master-data field, such as lead time and lot size, has a named owner.
- 03With stock, orders and costs in one ERP, finance and operations work from the same numbers in the monthly review.