Explain the concept of enterprise resource planning (ERP) systems


ERP systems integrate all aspects of a business—accounting, customer relationship management, supply chain management, manufacturing, sales, human resources—into a unified information system and provide more timely analysis and reporting of sales, customer, inventory, manufacturing, human resource, and accounting data. ERP combines each department's information into a single, integrated system with a common database so that departments can easily share information and communicate with each other. ERP systems usually consist of different modules that can be implemented individually so that each department still has a level of autonomy, but they are combined into an integrated operating system. For example, when a customer's order is entered by sales, all information necessary to fulfill the order is built into the ERP system.

Business

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a. point of purchase. b. distribution. c. advertising. d. brand name.

Business

When FTA members add shared external tariffs to their agreement, they have formed a

A. trade conglomerate. B. customs union. C. duties agreement. D. free trade association, such as NAFTA.

Business

A negative-news message that is organized indirectly should begin with a buffer

Indicate whether the statement is true or false

Business

The Scope Management chapter begins and ends with the quote, "It's a dream until you write it down. Then it's:

A) Etched in stone." B) A scope statement." C) A documented dream." D) A goal."

Business