Management Glossary

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enterprise resource planning
The definition of enterprise resource planning (normally abbreviated as ERP) should be obvious. It is not. It should mean the planning required to make the most profitable use of resources within the enteprise. However, ERP is usually used in the context of computer software and refers to software that integrates (or tries to integrate) functions across all departments in an enterprise. The objective of ERP is to eliminate the "islands of information" that make the alternative, independent applications that serve the needs of each department, cumbersome and difficult to integrate when departments need to share information and work together.
Contributed by: ManagerWise Staff

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