Meaning of the word ERP in English

What does ERP mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

ERP

US /ˌiː.ɑːrˈpiː/
UK /ˌiː.ɑːrˈpiː/
"ERP" picture

Abbreviation

1.

Enterprise Resource Planning: a system of integrated software applications that manages business processes, often in real time and mediated by software and technology.

Example:
Many large companies implement ERP systems to streamline their operations.
Our new ERP software helps manage inventory and sales more efficiently.
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