ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Enterprise Resources Planning (ERP) is software that allows companies to..
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share a common database and business practices throughout the enterprise
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produce information in real time
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automate and integrate business processes
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all of the above
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Explanation:
Detailed explanation-1: -An ERP software system is a set of integrated applications or modules for managing a company’s core business processes – including finance and accounting, supply chain, HR, procurement, sales, inventory management, and more.
Detailed explanation-2: -An ERP system enables you to know exactly what stock you need for each job and when you need it. ERP software also allows you to automate many of your processes so efficiencies can be created across the entire production process. This means less duplication, better scheduling of resources and reduced downtime.
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