A term coined by Gartner in 1990, enterprise resource planning, or ERP, officially dates back to the 1960s. The concept originally centered on managing inventory in the manufacturing sector but expanded beyond that in the 1970s and 1980s.

ERP Integrates Business Processes

Enterprise resource planning uses software, such as the popular Mapix software, to integrate and streamline business processes. Software is used to track a company’s inventory, manage its orders, perform its accounting tasks, and even manage customer and employee information. This way, the software acts as a hub in which a person always has the information that he or she needs to run a successful business right at the tips of his or her fingers.

ERP Creates Synchronization Between Automation and Reporting

ERP software also provides some synchronization between two of the most important aspects of running a business: automation (for ease) and reporting (for analysis of data and creating a better business). The synchronized spreadsheets and databases allow for the pulling of information from one system, allowing employees to process orders more quickly, find problems faster, and run a better business overall.

Choosing the Best ERP Software to Meet Your Needs

The hardest part of enterprise resource planning is choosing the correct software. As you look for the right one to meet your needs, create a list of requirements you’ll need to help you along the way. Evaluate each vendor before choosing a software to ensure the company not only offers what you need but also provides excellent customer support when needed. Finally, be sure to look into customization options for your business and to appoint people to teach your employees how to use the new system effectively.

By creating a strong enterprise resource planning team and implementing high-quality software into your business, you ensure you’re running a company that provides the best resources for you, your employees, and your customers.