COMPUTER APPLICATIONS
ENTERPRISE RESOURCE PLANNING ERP SOFTWARE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ERP
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Extended ERP
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ERP II
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None of the above
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Detailed explanation-1: -MRP 2.0 (Manufacturing resource planning) The system is designed to centralize, integrate and process information for effective decision making in scheduling, design engineering, inventory management and cost control in manufacturing.
Detailed explanation-2: -MRP systems preceded ERP systems. Early MRP, or material resource planning, systems offered basic inventory control to help manage procurement and delivery of goods.
Detailed explanation-3: -The term ERP was first used in the 1990s by the Gartner Group, but enterprise resource planning systems actually have their roots deep in the manufacturing industry, and can trace their history back to the 1960s. At this time, manufacturers needed a better way to manage, track, and control their inventory.