What is Enterprise Resource Planning?
Enterprise Resource Planning is the method used by companies to manage their resources. Companies usually break their management teams into different groups or departments which, in turn, deal with a particular aspect of the business firm. Such departments have their own working procedures and are supervised by employees who report to a higher authority. These departments can be thought of as separate branches of the same tree. One of these departments could deal with marketing and one more might deal with supplies and so on and so forth.
How is enterprise resource planning helpful?
Enterprise resource planning is of great help in terms of managing the company efficiently. Dividing a huge firm into smaller divisions ensure better working procedures. Giving them the freedom to work almost independently helps in establishing a better work environment.
How do these departments work?
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