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.
|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. |
|Related Concepts||Customer Relationship Management|
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