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What is ERP System (Enterprise Resource Planning or Enterprise Resource Planning)

Handbook of Research on Integrating Industry 4.0 in Business and Manufacturing
Is a business information system, that is, a commercial software package, that enables the integration of the complete functioning of the business system (all business functions of the company) with a unique software solution. It has the ability to adapt to the specific needs of the business, but often does not support local standards. The most famous packages are: SAP, Oracle, Baan and Microsoft Dynamics or NAV (Navision)
Published in Chapter:
Application of Cloud Computing in Companies
Savo Stupar (School of Economics and Business, University of Sarajevo, Bosnia and Herzegovina), Mirha Bičo Ćar (School of Economics and Business, University of Sarajevo, Bosnia and Herzegovina), and Elvir Šahić (School of Economics and Business, University of Sarajevo, Bosnia and Herzegovina)
DOI: 10.4018/978-1-7998-2725-2.ch004
Abstract
Cloud computing is a new technology that represents the realization of an old idea that computer data processing is executed and charged as a service. The goal of this chapter is to define the basics of the cloud computing concept and how this technology works, and then explain where is all the data that cloud computing uses, how they are distributed, how and to what extent are available, who are the ultimate beneficiaries, what are the advantages and the disadvantages of applying this concept. This cloud computing model consists of five essential features, three service models, and four application models, and the elaboration of these concepts will be an integral part of this chapter. Particular attention will be paid to the possibility of data abuse in cloud computing and regarding that data protection against manipulation from service providers as well as the financial aspect of cloud computing.
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