Enterprise Resource Planning (ERP) focuses on reducing overheads and cutting costs of any organization by making business processes more efficient. They reduce the amount of capital spent on those processes. They integrate all the business functions taking care of Man, Material and Machinery usage and they also automate them. ERPs in todays date can be use by any company irrespective of the size and the style of functioning. Automation is the name of the game and the better automation leads to better profits.
There are various ERP solutions with SAP being the best of them. However many vendors provide SAAS based, Cloud based and also On Premises based too.