ERP — Enterprise Resource Planning
Definition: Software that unifies finance, HR, supply chain, manufacturing, and operations into a single system of record.
Example
SAP, Oracle NetSuite, and Microsoft Dynamics are ERPs. A $50M manufacturer running on Excel will hit a wall — that's the ERP moment.
When you'll hear it
ERP shows up most often in board meetings, quarterly business reviews, and strategy off-sites. When someone uses it, they're usually referring to enterprise resource planning — and they expect the room to already know what that means.
FAQs
What does ERP stand for?
ERP stands for Enterprise Resource Planning.
What does ERP mean in business and finance?
Software that unifies finance, HR, supply chain, manufacturing, and operations into a single system of record.
Where will I hear ERP used at work?
ERP comes up most often in board meetings, quarterly business reviews, and strategy off-sites. It's used as shorthand for enterprise resource planning, so people assume you already know the term.