Enterprise Resource Planning (ERP) software can be defined as a complete business software solution. It aims to integrate all business processes and sub-processes into a single integrated system. This plan has been developed and implemented in the organization to achieve the successful business objectives of the organization.


1. ERP packages

ERP packages are used to manage existing and potential business plans and policies effectively under strict deadlines. It can be termed a business solution package that focuses on ensuring that the organisation's existing resources are used to the best and are aligned with the business objectives of the organization.


It is important for today’s business organizations to have a single integrated plan, which aims to align their business efforts. This can be an important factor in determining the scope, location and outcomes of an organization as a whole, rather than using many different systems that do not work well together. What makes ERP different from any other business solution package is the presence of a single and integrated website.


2. Importance of ERP


ERP software is as important to the needs of the business today as food is to life. Businesses cannot operate competitively without proper and well-developed ERP software. Effective implementation and tracking, the better the results. ERP software is needed by all modern organizations, regardless of size, location and business objectives.


Today there are many ERP packages available in the global market, including SAP, PeopleSoft, Oracle, J D Edwards, and BAAN.


3. ERP Factors


The choice of ERP software package depends on a number of factors: previous software implementation, environment and performance size, consultant recommendations, and management decisions.


Before installing specialized software, detailed research should be done and updated to suit business needs and available packages. This should be regarded as an in-depth study as any flaw in its selection or implementation can be detrimental to the organization's goals and aspirations. The ERP software should be installed by an ERP vendor or third-party consulting organization, which is a professional service provider when it comes to providing consultation, customization and support.


Some of the benefits of ERP Software:


* All processes and sub-processes are connected and integrated into a single system.


* There are improvements in the field of production, efficiency and achievement of business objectives.


* ERP tends to significantly reduce response time by effectively transmitting important information.


* ERP helps to perform many of the functions performed by the organization as a whole.


* Helps managers make important decisions with unparalleled accuracy and in-depth research.


Thus, ERP software can effectively change the perception of any business entity existing in today's cut-off business world. Proper implementation of ERP software is an important factor, which can benefit any growth prospects of any organization.