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  2. Enterprise resource planning - Wikipedia

    en.wikipedia.org/wiki/Enterprise_resource_planning

    ERP systems centralize business data, which: Eliminates the need to synchronize changes between multiple systems—consolidation of finance, marketing, sales, human resource, and manufacturing applications [citation needed] Brings legitimacy and transparency to each bit of statistical data; Facilitates standard product naming/coding

  3. Management information system - Wikipedia

    en.wikipedia.org/wiki/Management_information_system

    Enterprise systems—also known as enterprise resource planning (ERP) systems—provide integrated software modules and a unified database that personnel use to plan, manage, and control core business processes across multiple locations. Modules of ERP systems may include finance, accounting, marketing, human resources, production, inventory ...

  4. Digital firm - Wikipedia

    en.wikipedia.org/wiki/Digital_firm

    ERP deployments can be complex and require a significant shift in business operations for an organization but the benefits can be substantial. After implementation of an ERP system within an organization there are measurable performance and productivity gains that can be directly correlated to the ERP system go-live event. [ 4 ]

  5. Enterprise planning system - Wikipedia

    en.wikipedia.org/wiki/Enterprise_planning_system

    To illustrate this some more, ERP software prescribes processes to realize its promised benefits. However, compliance to these rigid, prescribed processes is often assumed rather than real. In many cases, the ERP software is accepted but the practices within the enterprise reflect inconsistencies with the prescribed processes of the software.

  6. Material requirements planning - Wikipedia

    en.wikipedia.org/wiki/Material_requirements_planning

    The overall enterprise resource planning (ERP) system needs to be able to organize inventory and needs by individual factory and inter-communicate the needs in order to enable each factory to redistribute components to serve the overall enterprise. This means that other systems in the enterprise need to work to maximum potential, both before ...

  7. Business management tools - Wikipedia

    en.wikipedia.org/wiki/Business_management_tools

    This is caused by a never-ending fight for lower costs and increase sales, the willingness for understanding the customers' needs, and the fight for delivering the products that meet their need in the way they require. Under this scenario, managers should take a strategic attitude to business management tools instead of going for the latest tool.

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