What is the purpose of an ERP system and what advantages does it hold over the more traditional system it replaces?

What will be an ideal response?


Answer: An enterprise resource planning (ERP) system is a large, integrated, computer-based business transaction processing and reporting system. ERP systems pull together all of the classic business functions into a single tightly integrated package that uses a common database. The integration and single source of data are the primary advantages of such a system. As data are gathered, they need to be represented, stored, and updated in only one location, thereby reducing data redundancy, potential for errors, and confusion.

Business

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What are sick leave programs?

What will be an ideal response?

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The ________ technique used for stimulating creativity identifies a problem and then considers the dimension, the medium, and the power source

A) attribute listing B) reverse assumption analysis C) mind mapping D) lateral marketing E) morphological analysis

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Though earned media is not a trusted source of information, it can easily be measured and targeted.

Answer the following statement true (T) or false (F)

Business

Which of the following types of customers will the introduction stage of a product attract?

A) innovators B) early majority C) laggards D) late majority

Business