An enterprise resource planning (ERP) system is a type of software that allows companies to manage all their different business functions—such as finance and accounting, sales, production and warehousing, among others—on a single platform.
For example, a mid-sized manufacturer implements an ERP software system that connects its inventory management, production scheduling, procurement, and accounting into one platform — eliminating manual spreadsheets, reducing errors, and giving managers real-time visibility across the business.