Interpretation: Enterprise Resource planning and its role.
Concept Introduction: The ERP software applications are important and used by the companies as it helps to integrate all the resources which are needed to run the company with the help of one system.
Explanation of Solution
The process of management and integration of important departments of the business is referred to as enterprise resource planning (ERP). An ERP system can also integrate human resources, planning, sales, purchasing stocks, finance, and so on.
The administrative and operational business processes all over the different industries such as asset management aspects of an enterprise, customer-facing, line of business, and administration are supported by ERP applications.
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