From the course: Inventory Management Foundations
Join today to access over 23,200 courses taught by industry experts.
Enterprise resource planning (ERP)
From the course: Inventory Management Foundations
Enterprise resource planning (ERP)
- Enterprise Resource Planning or ERP coordinates your inventory, as well as your company's efforts to manage and control that inventory. As the name implies, an ERP software system allows the enterprise to effectively plan the use of its resources by connecting all functional areas of the organization. The key is that the system, and therefore all of its users, share one database for all departments and all applications. So everyone has the same inventory-related information. The purpose of enterprise resource planning is to support planning and execution systems and the decisions they drive throughout your company. For example, a customer order is tracked as it moves through the process and transactions are automatically updated. This gives people in each part of operations management the information they need to make appropriate decisions, like people in planning, quality, and materials management. And the system helps you…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.