Microsoft Dynamics NAV 2009 is an Enterprise Resource Planning (ERP) system. As its name suggests, it is a computer system that is used to plan and co-ordinate the resources of an enterprise in order to increase profitiablity through increased efficiencies; the resources of the enterprise that are typically managed using an ERP system are fixed assets, employees, inventory, and capital.
Microsoft Dynamics NAV 2009 comprises a series of integrated application areas (or modules) that allow a single system to cater for a wide variety of businesses. Typical implementations would cover core financial system requirements and are sometimes referred to as Financial Management Information Systems (FMIS). In addition to core financial functionality, the system offers:
- Sales & Marketing
- Purchase Management
- Warehouse Management
- Manufacturing
- Job Costing
- Service Management
- Human Resources