Enterprise resource planning (ERP) is a business management software that provides a centralized platform with applications to manage all aspects of a business from supply chain management to inventory management to financial management. ERP solutions are built to meet the needs of organizations across multiple industries and come in different types of deployment options such as SAP S/4HANA, Oracle Netsuite, Microsoft Azure, Infor CloudSuite and Acumatica Cloud ERP. Each ERP solution offers modules such as e-commerce, human capital management, order management and inventory management, but will differ from one type to the next. Organizations must consider factors such as size, functionality, procurement and industry-specific requirements when deciding which type of ERP deployment type to use.
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