What Is ERP?Where Is It Used?Advantages & Disadvantages?

Dear HR Professionals,
Please let me know the meaning of ERP. Its Advantages and disadvantages.Where is ERP used?The little i know about ERP is:
Enterprise Resource Planning (also known as ERP) refers to the approach that most corporations like to implement in order to centralize the functions of their departments in an advanced computer system. This approach is cost efficient because it consolidates all the activities of a firm in one piece of software. In addition, it is one of the important and useful tools to enhance the profits and lessen the losses incurred by companies. ERP is very advantageous and beneficial for corporations.
Please let me know more than this. I will be highly thankful to you.
Regards,
Shikha

Dear HR Professionals,
ERP is most demanding in today's industry. I want you all to share if you have any idea of it. That would be of great help to all.
Regards,
Shikha
OSSAGHO Corporation,
S.C.O. 6, 1st Floor,
Novelty Plaza, Opp. Park Plaza,
Ludhiana - 141001 (Pb.)
TEL: +91 161 2772775
+91 161 2772745
URL: http://www.ossagho.com
E-Mail: [Login to view]

Hey All,
Please start contributing something towards ERP...
Regards,
Shikha
OSSAGHO Corporation,
S.C.O. 6, 1st Floor,
Novelty Plaza, Opp. Park Plaza,
Ludhiana - 141001 (Pb.)
TEL: +91 161 2772775
+91 161 2772745
URL: http://www.ossagho.com
E-Mail: [Login to view]