The acronym ERP stands for Enterprise Resource Planning. It refers to a software or suite of software packages that integrate all the resources and data related to the operations of a company.
Traditionally, a business is divided in several departments, and each one uses a different software package to run their operations. An ERP software replaces those different packages to offer one single solution. It allows companies to run their logistics operations, CRM, accounting, inventory, or procurement from the same software, eliminating data duplication, facilitating communication, and increasing productivity throughout the company.