What Is The Difference Between ERP CRM And SCM?

bit.ly/ERPCRMSCM Business management software solutions have improved and diversified dramatically over the last decade, so much so that today’s businesses almost have too many options on the table. SCM The Basics For those who manage physical stock SCM, or Supply Chain Management is a software solution that provides oversight of materials and products, and their associated data, as they proceed through the supply chain from supplier to consumer. CRM The Basics CRM manages the customer relationship cycle, providing key insights into a business' interactions with everything from leads to devoted, returning customers. ERP The Basics ERP, or Enterprise Resource Planning, is software designed to serve as an all-in-one business management solution. ERP can include both CRM and SCM besides modules that address the needs of accounting, marketing and sales, inventory management, and more. Choosing the Right Fit While any company can benefit from managing customer relations effectively, CRM can bring the most advantages to companies that depend on lead flow and management, such as service-oriented businesses or companies in the hospitality sector. However, ERP encompasses them all and is one of the most effective tools for comprehensive business management available today.