Final answer:
Enterprise Resource Planning (ERP) integrates all functions into one software to manage operations and inventory within a firm, providing a unified system for better data visibility and operational efficiency.
Step-by-step explanation:
Integration of all functions into one software program in order to manage operations and inventory in a firm is known as Enterprise Resource Planning (ERP). ERP systems are designed to integrate major business functions such as accounting, finance, procurement, human resources, and inventory management into a single, unified system.
By doing so, businesses can streamline processes, improve data visibility, and enhance overall operational efficiency. An ERP system can greatly benefit a company by providing a consolidated view of core business processes, using common databases maintained by a database management system.