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Enterprise Resource Planning ERP stands for "Enterprise Resource Management" which refers to the centralized process of obtaining and arranging corporate data using a software suite. ERP software consists of systems that automate business
processes such as production, sales quoting,
and accounting, among others. ERP streamlines business operations across different departments. ERP solutions help businesses manage their resources better, whether it's raw materials for production or resource staffing hours.
Types of ERP Any ERP software that is installed directly
in-house is referred to as on-premises ERP. These solutions are intended for enterprises of all sizes, but they maybe better suitable for small and medium-sized organizations.
Open-Source ERP,like
any other open-source software, allows for the inspection,
alteration, and improving a business's ERP source code. Using an open-source ERP allows the organization to tailor the application to their specific needs.
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