Murph coins new definition for ERP

Our own "Murph" has coined a new definition for ERP...

It was sometime around 1990 that the abbreviation ERP was coined to represent the term ‘Enterprise Resource Planning (or Planner).’ It represented an extension of the systems that IBM implemented for Materials Resource Planning (MRP) in the 1960s.

ERPs were supposedly designed to encompass the vast majority of business processes that larger ‘Enterprise’ companies needed to manage themselves. By unifying business processes within the ERP, businesses gained what was supposedly a ‘single source of accurate date’ which today is commonly referred to as a ‘single source of truth.’

But the reality is that as businesses have continued to grow and evolve, things that most ERPs provide by on-their-own are inadequate for today’s environment. As...