1.ERP - Definition:
An Enterprise resource planning system is a fully integrated business management system covering functional areas of an enterprise like Logistics , Production , Finance , Accounting and Human Resources . It organizes and integrates operation processes and information flows to make optimum use of resources such as men , material , money and machine . Enterprise resource planning promises . One database , One application , One user interface For the entire enterprise where once disparate systems ruled manufacturing , distribution , finance and sales .