Enterprise Resource Planning or ERP is an industry term for integrated, multi-module application software packages that are designed to serve and support multiple business functions. ERP provides the backbone for an enterprise-wide information system. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. At the core of this enterprise software is a central database which draws data from and feeds data into modular applications that operate on a common computing platform, thus standardizing business processes and data definitions into a unified environment. Why ERP? By becoming the integrated information solution across the entire organization, ERP systems allow companies to better understand their business. With ERP companies can standardize business processes and more easily enact best practices. By creating more efficient processes, companies can concentrate their efforts on serving their customers and maximizing profit. Market Leaders The top ERP vendors, SAP, Oracle Corporation, Peoplesoft, Inc. (now Oracle Corp.), JD Edwards (now Oracle Corp.) and Baan International, account for major ERP market share. These vendors continue to play a major role in shaping the landscape of new target markets, with expanded product functionality, and higher penetration rates. Oracle E- Business Suite Oracle E-Business Suite provides complete and integrated set of enterprise applications, working together seamlessly to streamline every area of your business—from sales, service, and marketing, through financials and human resources, to supply chain and manufacturing. Oracle E-Business Suite is your fastest path to high-quality enterprise intelligence, bringing your company a true 360-degree view of your finances, your customers, and your supply chains, so you can make faster, better decisions and grow profitability in a competitive marketplace.
