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History of ERPWhat we now refer to as ERP started in the 1960s with the invention of material requirements planning (MRP) systems. Manufacturers used MRP software to plan production schedules, make sure they had all the necessary supplies for production runs and track finished inventory. Two decades later, technology providers developed manufacturing resource planning, or MRP II, systems. While MRP II software still targeted manufacturers, it offered new capabilities for improved production plan...

12 Benefits of ERP SystemsToday’s ERP solutions have rich feature sets that bring countless benefits to businesses. This software has become universally adopted by almost all companies of a certain size because it drives real improvements. While what an individual firm sees as the greatest value of this technology will vary, here are key universal advantages ERP delivers:1. Cost savings. Perhaps the biggest value proposition of ERP systems is they can save your organization money in a number of...