Enterprise management systems (ERP)
ERP-system (English Enterprise Resource Planning System - Enterprise Resource Planning System) - corporate information system (CIS) designed to automate accounting and management. As a rule, ERP systems are built on a modular basis and to one degree or another cover all the key processes of the company.
Main functions of ERP systems:
- formation of sales and production plans;
- planning the requirements for materials and components, terms and volumes of supplies to fulfill the production plan;
- inventory and procurement management: management of contracts, implementation of centralized purchases, accounting and optimization of warehouse and shop stocks;
- planning of production facilities from detailed planning to the use of individual machines and equipment;
- operational financial management, including drawing up a financial plan and monitoring its execution, financial and management accounting;
- project management including milestone and resource planning
