Final answer:
ERP is a software system used by businesses to manage and integrate various aspects of their operations. It consists of modules that represent different functional areas, including finance, HR, manufacturing, supply chain, CRM, and projects.
Step-by-step explanation:
ERP stands for Enterprise Resource Planning, and it is a software system used by businesses to manage and integrate various aspects of their operations. ERP is usually broken down into modules that represent different functional areas of a business. Some common modules include:
- Finance: Handles financial transactions, such as accounting, budgeting, and financial reporting.
- HR: Manages human resources functions, like employee records, payroll, and benefits.
- Manufacturing: Controls production processes, including scheduling, inventory management, and quality control.
- Supply Chain: Oversees the movement of goods, from procurement to delivery.
- CRM: Manages customer relationships, including sales, marketing, and customer service.
- Projects: Handles project management tasks, such as project planning, resource allocation, and tracking.