Enterprise Resource Planning (ERP) refers to the entrepreneurial task of planning, controlling, and managing resources as needed and in a timely manner to realize the company’s mission. Among other things, entrepreneurial resources include capital, personnel, operating supplies, and materials as well as information and communication technology. The goals here are to ensure efficient operational value creation processes and the continuous optimised control of business and operational procedures.
A core function of ERP in manufacturing companies is also material requirements planning. It must be ensured that all materials required for production are available at the right time, in the right quantity, and at the right place. Further Information.