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ERP For Retail

Enterprise Resource Planning (ERP) systems refer to the software packages that integrate all the data and the related processes of an organization. Designed to facilitate the optimization of internal business processes across an enterprise, ERP packages have become a competitive tool for large retail organizations. An ERP software uses a single database that allows different departments to communicate with each other. ERP systems comprise function-specific features that are designed to interact with other modules such as Order Entry, Accounts Payable, Accounts Receivable, Purchasing, etc. Retail ERP software packages have an enterprise-wide reach that offer cross-functional capabilities to the organization. Main components of Retail ERP System