SAP

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Full Name

SAP

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SAP is an ERP (enterprise resource planning) application. It is an application used to manage functions within an organisation such as finance, asset, cost accounting, projects, purchasing, inventory and warehouse management, plant maintenance, sales and distribution etc.

SAP was founded in 1972 as Systemanalyse und Programmentwicklung by five former IBM engineers in Mannheim, Germany (Dietmar Hopp, Hasso Plattner, Klaus Tschira, Claus Wellenreuther and Hans-Werner Hector). The acronym was later changed to stand for Systeme, Anwendungen und Produkte in der Datenverarbeitung ("Systems, Applications And Products in Data Processing"), in 1976 SAP GmbH was founded; the next year its headquarters was moved to Walldorf and since the 2005 annual general meeting the company's official name is just SAP AG. Henning Kagermann became the sole CEO of SAP in 2003

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