Glossary

ERP

Enterprise Resource Planning or (ERP) systems are large business management software applications that integrate all facets of the business including planning, sales, purchasing, manufacturing, distribution, HR, finance and marketing. ERP implementations are typically quite expensive and time consuming, due to their size and the implications in organizational change. However, as an integrated solution they can reduce data-reentry (errors & time), reduce time-to-market, improve operational efficiency, and provide an integrated supply chain.

The results gained from ERP solutions will increase considerably if supported by Master Data Management.

Integration of ERP solutions with other core business applications as CRM and eCommerce platforms is done by using CDI (Customer Data Integration) features and PIM (Product Information Management) environments in Master Data Hubs.