Enterprise Resource Planning (ERP) is a type of software system that manages and integrates a company's financials, supply chain, operations, reporting, manufacturing, and human resource activities. An ERP system combines these various functions into one complete system to streamline processes and information across the entire organization. The primary goal of an ERP system is to improve efficiency and effectiveness of operations, providing accurate real-time insights and enabling decision-making that can lead to better outcomes. ERP systems also aim to reduce operational costs, increase collaboration, and streamline business processes, contributing to a more efficient and flexible business model.
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