The ERP acronym that stands for enterprise resource planning, a software system that aims to serve as a backbone for businesses is an outgrowth of MRP (materials requirements planning) and MRP II (manufacturing resource planning), older types of manufacturing-specific software that aim to keep the right inventories on hand and the lines humming.
Knowledge management refers to strategies and structures for maximizing the return on intellectual and information resources. Because intellectual capital resides both in tacit form, KM depends on both cultural and technological processes of creation, collection, sharing, recombination and reuse.
