The domain of enterprise software is littered with acronyms that may be intimidating even to seasoned managers. Things get even murkier for those seeking to develop their own mobile enterprise app and encountering design-specific terms. The fact that some of them are often used interchangeably also doesn’t help. So the best place to start figuring out these terms is to understand their similarities and differences and identify the areas where they overlap.
Acronyms in Enterprise Systems Context
ERP
ERP stands for enterprise resource planning – the process of managing business-related data. In the modern business context, the term refers specifically to software solutions that collect, process, store, and interpret data. The idea of ERP was introduced in the domain of manufacturing but has since expanded to cover:
- Supply chain management
- Human resources
- Accounting
- Sales
- Order processing
- Project management
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