What does "ERP" stand for in business technology?
"ERP" stands for Enterprise Resource Planning. This technology integrates various business processes and functions into a unified system to streamline operations and information across an organization. ERP systems manage key areas such as finance, human resources, supply chain, and customer relationship management, facilitating data flow and improving decision-making. By providing a centralized database, ERP enhances efficiency, enables better visibility into business operations, and supports strategic planning, ultimately driving organizational growth.