Enterprise Resource Planning (ERP)

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ERP is a seamless integration of processes across functional areas with improved workflow, standardization of various business practices, improved order management, accurate accounting of inventory and better supply chain management.


Source: V.A. Mabert, A. Soni, M.A. Venkataraman Enterprise resource planning survey of US manufacturing firms Production and Inventory Management, 41 (2) (2000), pp. 52–58

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