|
|
Article: Credit research foundation examines ERP technology. (Selected Topic).(enterprise resource planning software)
- Article from:
- Business Credit
- Article date:
- June 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Enterprise Resource Planning software, or ERP-those words inspire nightmares to most managers. The name itself is a misnomer, as most credit and receivable practitioners would assert. The acronym appropriately sounds like a digestive reaction to a bad tuna sandwich. The reference to "Enterprise" is somewhat applicable because it is through that scheme that an ERP system has its strength. "Resource" is a suitable, yet somewhat misleading term as will be discussed later. However, -- "Planning"--forget about it. ERP doesn't do much of that. The concept of an ERP is to attempt to integrate all departments and functions across a company onto a single computer system that can ...