Enterprise resource planning (ERP) is a business management softwares that will give an organization an integrated system of applications that manage all aspects of the business and, as well, uniformly integrate even the back-office operations such as IT and HR. The value of an ERP system is that it allows synthesis of all functions, including Manufacturing (procurement, product development, assets, inventory), Finance and Logistics (planning, supply chain), HR/Payroll (projects, talent procurement, customer experience), and Marketing and Sales.
While you may not be engaged in all of these functions yet, you may in the future, and having a custom ERP development system that can grow as you do just makes sense. For this reason, ERP systems are made up of modules based upon each company’s needs. If, for example, there is no current need for a product planning module, it will not be added.
In the absence of an ERP system, a large company may find itself with many software applications that do not talk to each other and do not effectively interface. Tasks that need to interface with one another may involve: manufacturing, logistics, distribution, inventory, shipping, invoicing, accounting, marketing, human resources management and so on. Without the right ERP solution that integrates all of these systems, it can be a quite complicated system for a company to handle.