How do enterprise systems help businesses achieve operational excellence?
What would be an ideal response?
Answers will differ but this is a good start:
Enterprise software is based on a suite of integrated software modules and a common central database. The database collects data from and feeds the data into numerous applications that can support nearly all of an organization’s internal business activities. When new information is entered by one process, the information is made available immediately to other business processes. Enterprise systems support organizational centralization by enforcing uniform data standards and business processes throughout the company and a single unified technology platform. The firm-wide data generated by enterprise systems help managers evaluate organizational performance.
You might also like to view...
Which of the following is an example of a credit memorandum?
a. Service charge notice b. Collection of a note receivable by the bank c. Outstanding check d. Company error in recording a $600 deposit as $500
All large firms maintain complete and detailed organization charts because it is important to maintain a clear line of authority.
Answer the following statement true (T) or false (F)
Which tax form is generally used by taxpayers whose filing status is married, has no dependents, and whose taxable income if less than $100,000?
A) 1040 B) 1040 A C) 1040 EZ D) 1040 X
If a firm's optimal capital structure is 45 percent debt financing, then the firm may borrow $55 for every $45 of equity financing.
Answer the following statement true (T) or false (F)