ERP: What does it mean to us today?

Posted on 1 Mar 2010 by The Manufacturer

The wonderful TLA ERP. We have heard this term used for last two decades, but what does it really mean and, in particular, how does it help in today’s changing world. Well, let’s start by expanding the TLA: ERP stands for Enterprise Resource Planning.

Let us return to the 1970’s, when I left university and joined Rolls Royce as a commercial postgraduate apprentice. The key was to be able to plan our build production schedule, working back accordingly to determine the material resources we would need to use. Materials Requirement Planning (MRP) and its development, MRP II, was some…

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