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Ans: ERP stands for Enterprise Resource Planning. It is software used by business organisations to manage their day-to-day activities. The software is recognised for its usage across areas of accounting, procurement, project management, risk management and compliance, and supply chain operations. ERP is considered as a flexible and powerful business tool.
Ans: Enterprise resource planning (ERP) refers to a type of software that organisations use to manage day-to-day business activities.
The uses of an ERP tool are-
Ans: The full form of ERP is Enterprise Resource Management. Within organisations, the tool work in the following way-
Ans: Despite loads of plus points, ERP also comes with a bunch of limitations. Those are-
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