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Types of enterprise resource planning (ERP) systems

IBM Services

Enterprise resource planning (ERP) is a business management software built to do just that. This relatively new system offers a centralized platform with applications to manage all aspects of your business from supply chain management to inventory management to financial management.

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The advantages and disadvantages of ERP systems

IBM Services

Manual data entry is not necessary, making tasks such as inventory management much easier and making metrics tracking much simpler. More time-consuming Since ERP is customizable, and not a one-size-fits-all software, it can become very time-consuming.