Enterprise Resource Planning systems Specification

The big players in the chemical industry have developed very powerful company-specific ERP systems (enterprise resource planning earlier this type of system was denoted as production planning and control) since the 1960s. The growing costs to maintain and adapt these systems have motivated the move to integrated standard business software systems in the last decade. The majority of the big chemical companies use SAP R/3 resp. SAP ERP from SAP AG other well-known solution vendors include Marcam (now part of Infor) and JD Edwards (now part of PeopleSoft resp. Oracle). 

Today, when software vendors and consultants talk about enterprise tools they are referring to a class of tools that are frequently referred to as enterprise resource planning (ERP) software. ERP is a term used by the industry to refer to a collection of applications or modules that can be used to manage the whole business. ERP software describes the class of prepackaged software applications that can be configured and modified for a specific business to create an ERP system. Here we use the term ERP interchangeably with the term enterprise tools. ERP software or packages are defined here as ... 

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