ERP (Enterprise Resource Planning)

Concept and definition

ERP (Enterprise Resource Planning)

What is ERP (Enterprise Resource Planning)?

ERP (Enterprise Resource Planning) is a business management system that integrates different processes and areas of an organisation into a single unified system. ERP systems are designed to help companies manage and optimise their business processes, including finance, accounting, inventory management, production, human resources, sales and marketing, among others.

The use of artificial intelligence and machine learning in ERP systems has enabled greater process automation and smarter decision-making. For example, machine learning algorithms can help predict future product demand, optimise inventory decisions and reduce production costs. They can also be used to improve supply chain management and to identify patterns and trends in financial and sales data.

Overall, the use of artificial intelligence and machine learning in ERP systems has enabled more efficient and effective business management, which can help companies reduce costs, increase productivity and improve customer satisfaction.

« Back to glossary

Do you want to get in touch?

CDRs contain data that a telecommunications company collects about phone calls, such as time and length of call. This data can be used in analytical applications.
Fill the form
Share:
Sales KPIs. What they are and which are the best

Achieving business goals and tracking success is an important aspect of improving any business. In sales, measuring the progress of [...]

Read More »
The 5 Challenges of Big Data in Machine Learning

5 Big Data challenges can be highlighted which are defined as V (volume, velocity, veracity, variety and value). R. Narasimhan discussed 3V with [...]

Read More »
The future of automation thanks to Machine Learning

If you've ever wondered how Spotify recommends songs you like or how Siri and Alexa can understand what you say to them... the answer is that you can [...]

Read More »
Measuring Corporate Reputation Impact: The Case of Enigmia and its AI Solution

Hoy, 3 de octubre, hemos estado en los prestigiosos "Premios SCALEUPS B2B organizada por la Fundación Empresa y Sociedad, para hablaros de la Medici [...]

Read More »
See more entries
© Gamco 2021, All Rights Reserved - Legal notice - Privacy - Cookies