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What is Enterprise Resource Planning?

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Enterprise resource planning, or ERP, is a term for large suites of business applications. The main appeal of ERP are that they offer a large single platform that avoids the complexity of integrating diverse systems, a common technology challenge. Enterprise resource planning platforms typically have a unified data model with packages and processes that work together.
Overview: Enterprise Resource Planning
Type
Definition
Large suites of business software with wide coverage of common business processes.
Value
Avoiding complexities associated with heterogeneous systems such as integration challenges.
Risks
Enterprise resource planning implementations tend to be large projects that are failure prone due to their complexity. In many cases, ERP software requires a considerable number of customizations that partially reduce the benefits of out-of-the-box functionality.
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