Enterprise resource planning (ERP) is a collection of software programs which ties together all of an enterprises 
various functions that is HR, finance, manufacturing, sales etc. ERP software also provides for the analysis of an organizations data for the purpose of planning, production, forecasting sales, analyzing quality, and other functions
ERP is a enterprise wide solution. Thus it gets the right information at right time to the right people. The main reason for the popularity of ERP is the competence that an ERP brings into an organization in the areas of analysis and reporting that can be used for long term planning, most efficient use of applications and system resources.
Pros
1. It eliminates the redundant data and procedural operations which helps in quick performance of work.
2. It increases the efficiency and hence leads to reduction in costs to the company.
3. It is easily adaptable to changing business environments which is a great thing for any company.
4. It is flexible enough to allow for customization.
5. Once developed it is easier to access for reliable information in the company.
6. Ensures quicker processing of information and reduce the burden of paperwork.
Cons
1. Once a system is established, switching costs are very high for the company.
2. It is expensive so small companies tend to avoid it and also it is time consuming.
3. Availability of multiple options that might lead to use of features by employees that may not help the company to move towards profitability, high quality, and efficiency.
4. Some big organizations may have numerous departments with separate, autonomous resources, missions, chains-of-command, etc, and consolidation into a single business enterprise may yield limited benefits.
The success of ERP solution depends on how rapidly the benefits can be reaped from it. This necessitates rapid implementations of the ERP into the company.
