The Need For ERP System for Retail & Commercial Industry
First we need to understand the basics of ERP System for Retail & Commercial — This Enterprise Resource Planning System is a comprehensive management system that connects systems of each department specializing in that division's assignments to all the other systems of your organization so that data sharing and communication is much easier amongst different departments. ERP systems link accounts payable, stock-control systems, order-monitoring systems and customer databases with production information, distribution, marketing, planning, inventory control and human resources, summarizing everything into a single structure helping a corporation become independent and automated in their functioning by standardizing some basic formats that can be used in every decision in the company. Use of ERP Systems in Retail and Commercial businesses ERP is used in Supply Chain Management to contact numerous suppliers as needed; hence they focus on consolidation of...