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LO 1.5What is an enterprise resource planning (ERP) system? What are the principal benefits of such a system?

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Answer:

ERP(Enterprise resource planning)system is the software model that depicts about the management and handling of business processes.It permits the organization and business to use integrated application so that their function can become obstruction-less and automate complex function.Business processing can easily deal with the technology, application software, programs and human resources.

Benefits provided by ERP system are as follows:-

  • Increasing the productivity of organization
  • Can derive the solution for complex processes
  • streamlined working processes.
  • Improved efficiency etc.
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User Josef Prochazka
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