ERP Terminology

ERP terminology is used as an planner to organize the business in a structured manner. Enterprise Resource Planning is the system software that also helps in Marketing of one’s business. Marketing is the important part of a business as it helps to survive in the growing competition. Marketing is also used to create, keep and satisfy the potential and new customers.
For marketing a product or a business you first need to know the benefits as well as the demerits of the product and you must be able to convince the customers to buy the product and how your product is unique and different from others. Marketing also include the process of convincing the customer. Without marketing the business is difficult to flourish as marketing is an important aspect of the business.
ERP helps in marketing process by maintaining a record of the targeted customers, the customers to be targeted, and the record of items obsoleted and the items which are in demand. Open Source ERP helps to have a PQ analysis of the business which analysis whether the business is going in loss or making profit. ERP improves and streamlines the business processes.

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