ABSTRACT
In 1973, SAP unveiled an instantaneous accounting transaction processing program called R/1, one of the earliest examples of what is now called an ERP system.
Today, ERP is an industry term for the multimodule applications software that allows a company to manage the set of activities and transactions necessary to manage the business processes for moving a product from the input stage, along the value chain, to the nal customer. As such, ERP system scan recognize, monitor, measure, and evaluate all the transactions involved in business processes such as product planning, the purchasing of inputs from suppliers, the manufacturing process, inventory and order processing, and customer service itself. Essentially, a fully developed ERP system provides a company with a standardized IT platform that gives complete information about all aspects of its business processes and cost structure across functions and divisions. Right from the beginning, SAP’s goal has been to create the global industry standard for ERP by providing the best business applications software infrastructure.
