ERP is an Integrated information system that facilitates the flow of information between the different functions within an organization.
ERP is a software architecture whose purpose is to facilitate the flow of information of all business functions inside the boundaries of the organization and manage the connections to outside stakeholders.
Built on a centralized database and usually utilizing a common computing platform, ERP systems combine all business operations into a uniform and enterprise wide system environment.
ERP is a combintation of three most important components - Business Management Practices, information technology and specific business objectives. It helps small and mid-size industrialized businesses to achieve increased yield, lower costs, and more comfortable clients.
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