Final answer:
Enterprise Resource Planning (ERP) is business management software that companies use to collect, store, manage, and interpret data from various business activities.
Step-by-step explanation:
Enterprise Resource Planning (ERP) is business management software that companies use to collect, store, manage, and interpret data from various business activities. It is usually a suite of integrated applications that help with functions such as inventory management, human resources, finance, and customer relationship management. ERP systems provide a centralized database and streamline processes, allowing businesses to make informed decisions based on real-time data.