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ERP

TLA Series: What is ERP?

 

by John Stucky

What exactly does ERP really mean? In this TLA (Three Letter Acronym) post and video, I'll explain the technical term in a way everyone can understand.

ERP stands for Enterprise Resource Planning. Those three words combine to make a rather complex term that encompasses a very simple philosophy. If you own a business with different departments like: inventory, HR, sales & marketing, and accounting, and all those areas use different software and equipment, it’s difficult for them all to communicate effectively.

An ERP streamlines all those different areas so they can be more efficient. For example, a salesperson can find out in real time if they have the inventory to fulfill an order they are working on and close the deal.

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