What are the strengths of ERP systems?
What will be an ideal response?
Despite implementation hurdles, the ERP, at least to integrate finance and human resources, is becoming a near necessity for most organizations. Once in place, it can dramatically enhance operational efficiencies and reduce costs. A key ingredient, of course, is that the organization's employees actually change the way they work to take best advantage of the integrated back-end and paperless workflows.
If used properly, ERP systems can standardize and streamline business processes across the whole enterprise, eliminating the waste and redundancy that creep in when everyone's work is so focused on a single department. An ERP helps people appreciate the full process, spanning departments, not just the part that touches their unit.
You might also like to view...
Museum Corporation acquired a new manufacturing building by issuing 10,000 shares of its $50 par value preferred stock with a $75 per share market price. Similar buildings have recently cost $780,000 . What are the effects of this transaction on the accounting equation for Museum?
a. Building and Preferred Stock increase $780,000. b. Building and Preferred Stock increase $500,000. c. Building increases $780,000; Preferred Stock increases $500,000; Additional Paid-in Capital—Preferred increases $280,000. d. Building increases $750,000; Preferred Stock increases $500,000; Additional Paid-in Capital—Preferred increases $250,000.
Peer pressure is a powerful force at the _____ stage
a. law and order c. interpersonal concordance b. social contract d. instrument and relativity
Six applications for admission to a local university are checked, and it is determined whether each applicant is male or female. How many sample points exist in the above experiment?
a. 64 b. 32 c. 16 d. 4
Among the following relative advantage claims for a pull manufacturing, which ones are likely to be true? (1). The system operates with almost no WIP inventory (2). Less maintenance is required (3). There is not much need to forecast demands (4). Only when it is needed, value is added to incomplete product
a. (4) c. (2) and (3) b. (1) and (4) d. (1), (3), and (4)