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Buzz Words: ERP explained, by Ananth Iyer

ERP stands for Enterprise Resource Planning. The use of ERP is predicated on the connectivity of smart devices in manufacturing to computers. Software programs monitor, count, calculate, alert and instruct devices and equipment to improve the efficiency of production. One of the most obvious examples illustrating just one part of a full ERP system are the videos showing the picking of Amazon products by robotic equipment in huge warehouses. The warehouses are not static of course and warehousing is just one dynamic part of a process that feeds into the ERP software, so that everything runs smoothly and safely at optimal levels of production at all steps from ordering goods-in to delivery of product to the customer.

- Ananth Iyer