| Accounting and finance component | Manages accounting data and financial processes within the enterprise with functions such as general ledger, accounts payable, accounts receivable, budgeting, and asset management.
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| Business intelligence | Information that people use to support their decision-making efforts.
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| Core ERP component | Traditional components included in most ERP systems and they primarily focus on internal operations.
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| Customer relationship management (CRM) | Involves managing all aspects of a customer's relationship with an organization to increase customer loyalty and retention and an organization's profitability.
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| E-business | The conducting of business on the Internet, not only buying and selling, but also serving customers and collaborating with business partners.
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| E-logistics | Manages the transportation and storage of goods.
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| Enterprise resource planning (ERP) | Integrates all departments and functions throughout an organization into a single IT system (or integrated set of IT systems) so that employees can make enterprisewide decisions by viewing enterprisewide information on all business operations.
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| E-procurement | The B2B purchase and sale of supplies and services over the Internet.
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| Extended ERP component | The extra components that meet the organizational needs not covered by the core components and primarily focus on external operations.
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| Human resource component | Tracks employee information including payroll, benefits, compensation, performance assessment, and assumes compliance with the legal requirements of multiple jurisdictions and tax authorities.
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| Production and materials management component | Handles the various aspects of production planning and execution such as demand forecasting, production scheduling, job cost accounting, and quality control.
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| Supply chain management (SCM) | Enables an organization to react more quickly to resolve supply chain issues.
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