Enterprise Resource Planning (ERP)
Advances in MRP II systems that tie customers and suppliers to MRP II have led to the development of enterprise resource planning (ERP) systems. Enterprise resource planning (ERP) is software that allows companies to (1) automate and integrate many of their business processes, (2) share a common database and business practices throughout the enterprise, and (3) produce information in real time. A schematic showing some of these relationships for a manufacturing firm appears in Figure 14.10.
The objective of an ERP system is to coordinate ...
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