Enterprise Resource Planning, better known as ERP, dates back to the 1960’s and is a process that applies to inventory management in manufacturing. At the time, software was developed to serve as an asset management tool for businesses to monitor components and from there, generate detailed reports on the status of these products. Over time, the program evolved into material requirements planning (MRP) to help with production scheduling processes and ensure businesses did not encounter congestion within their product lines. Today, ERP is an essential business management tool for many industries and can assist in making an organization more efficient, leading to increased productivity that improves your bottom line.

ERP, an integrated suite of modules providing an operational and transactional system of record for business, has been touted as the holy grail of entrepreneurs seeking efficiency and profitability, but is it for everybody? If you are struggling daily with multiple software platforms to manage your CRM/Sales, Marketing, Financials, Inventory, eCommerce and just about everything else vital to the survival of your business—large or small—cloud-based Enterprise Resource Planning must be at the top of your strategic ‘to do’ list.