The enterprise resource planning (ERP) software market is large and complex. There are hundreds of vendors offering best-of-breed (i.e., stand alone) ERP applications or integrated ERP software suites. Additionally, many ERP software companies offer vertical market solutions to meet the unique requirements of specific industries, such as manufacturing, distribution, retail and others. We wrote this buyer’s guide to help organizations better understand how to select the best ERP system that suits their business needs. Here’s what we’ll cover: What Is ERP Software? An enterprise resource planning system helps organizations track information across all departments and business functions, from accounting to human resources to sales and beyond. Common ERP functionality includes: • Product and purchase planning • Manufacturing and delivery planning • Inventory management • Shipping and payment • Supply chain management • Accounting • Marketing and sales • Customer relationship management The term 'ERP' took root in the U.S. Around 1990 as a growing number of organizations required integration outside of—but not exclusive of—their manufacturing applications. They needed to share data from their with say, their financial accounting, customer relationship, supply chain or other applications.
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