SAP is an acronym for "System
Application & Products" which creates a common centralized database
for all the applications running in an organization. The application has been
assembled in such a versatile way that it handles the entire department within an organization. Gradually,
the applications have been assembled and today many corporations, including IBM
and Microsoft, are using SAP
products to run their own businesses.
SAP, started in 1972 by five former IBM employees in Mannheim, Germany,
states that it is the world's largest inter-enterprise software company and the
world's fourth-largest independent software supplier, overall.
SAP applications, built around their latest R/3 system, provide the capability to
manage financial, asset, and cost accounting, production operations and
materials, personnel, plants, and archived documents.
R/3 is the comprehensive set of integrated
business applications from SAP, the German company that states it is the market and
technology leader in business application software. R/3 replaced an earlier
system, R/2, which is still in use.
SAP provides a majority of enterprise applications that includes:
- SAP Knowledge Warehouse (KW)
- Product Lifecycle Management (PLM)
- Human Resource Management Systems (HRMS)
- Supplier Relationship Management (SRM)
- Supply Chain Management (SCM)
- Customer Relationship Management (CRM)
- Advanced Planner and Optimizer (APO)
- Business Information Warehouse (BW)
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