There are many explanations or definitions of ERP, some often confuse students. In very simple and general words ERP stands for Enterprise Resources Planning which is a complete solution for large enterprises to manage their system. It comprises different modules and software which are used to maintain their business. By using these modules and software, one can get easy access to their data and it becomes easy to estimate how much demand and supply is needed. Not only this, how much investment is required, how many workers are needed, and how much time it takes, each and everything is managed by using these modules. That is why a complete understanding is very important.

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