IMPLEMENTING THE ERP SYSTEM – AN ESSENTIAL CONDITION FOR IMPROVING THE COMPANIES’ ACTIVITY
IMPLEMENTING THE ERP SYSTEM – AN ESSENTIAL CONDITION FOR IMPROVING THE COMPANIES’ ACTIVITY

Summary/Abstract: Enterprise resource planning (ERP) is an integrated computer-based system used to manage internal and external resources including tangible assets, financial resources, materials, and human resources. ERP is an amalgamation of three most important components: Business Management Practices, Information Technology and Specific Business Objectives. The key objective of an ERP system is to integrate information and processes from all functional divisions of an organization and merge it for effortless access and structured workflow. The integration is typically accomplished by constructing a single database repository that communicates with multiple software applications providing different divisions of an organization with various business statistics and information.

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