3 Management approaches to choose an ERP System What is an ERP? ERP stands for Enterprise Resource Planning and refers to software and systems used to plan and manage all the core supply chain, manufacturing, services, financial and other processes of an organization. ERP can be used to automate and simplify individual activities across a business or organization, such as accounting and procurement, project management, customer relationship management, risk management and supply chain operations. How does an ERP System Work? The main purpose of an ERP system is to increase organizational efficiency of an organization by managing and improving how company resources are utilized. ERP systems typically cover all aspects of business operations and commonly provide: An integrated system Common database Real-time operation Support for all applications/components Common user interface across application/components On-premise, cloud hosted, ...