ERP (Enterprise Resource Planning) is business software—usually a suite of integrated applications—that a company can use to manage different aspects of its operations.
This software streamlines information and processes; it provides more visibility into the manufacturing process flow and all business activities, from order placement to cash, accounting to human resources, and more, into one centralized, easy-to-access system.
Are ERP software and MRP the same thing?
ERP and MRP are similar but not the same. The main difference is that MRP (Manufacturing Resource Planning) systems are applications that manage only the manufacturing component of a business. An ERP system, on the other hand, can manage multiple aspects of the business such as human resources, accounting, and inventory in addition to the manufacturing process.
What is cloud-based manufacturing ERP software?
ERP software can be delivered in two ways—through on-premise servers that a business owns and maintains or through an internet log-in, i.e., “the cloud.” Software based in the cloud provides many advantages including
- Lower total cost of ownership since less equipment and onsite IT maintenance is required
- 24/7 access to a business from anywhere with an internet connection
- Increased data and system security
Learn more about the advantages of cloud-based ERP for manufacturers.
Want to find out more facts about the benefits of ERP software for small and medium-sized businesses? Check out the infographic below!