ERP stands for "Enterprise Resource Planning". It is a type of software system that allows businesses to manage and integrate their core business processes, such as accounting, procurement, inventory management, human resources, customer relationship management, and more.
ERP software typically provides a centralized database that can be accessed by different departments within an organization, allowing them to share information and collaborate more effectively. By integrating business processes and providing real-time visibility into operations, ERP systems can help businesses optimize their operations, reduce costs, and improve decision-making.
ERP software can be customized to meet the specific needs of different industries and organizations, and may be available as cloud-based or on-premises solutions. Implementation of an ERP system can be a complex and time-consuming process, but can ultimately lead to significant improvements in business performance and efficiency.
The conversion rate is the percentage of your total website traffic that purchases from your store.
The shopping cart abandonment rate is a metric that reviews the percentage of online shoppers who add an item to a cart or bag without buying those items.
Fulfillment by Amazon (FBA) is a service provided by Amazon that allows third-party sellers to store their products in Amazon's fulfillment centers