ERP systems are complex and expensive technology

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Question

ERP systems are complex and expensive technology. The integration of all systems into a unified ERP system has certain goals. One goal is automating routine business processes. What is the best definition of automating routine business processes?

• With the continuous collection, analysis, and reporting of business data, management can better benchmark the business against its competitors.

• By embedding best practices within the software infrastructure for accounting, payroll, inventory management, and purchasing, for example, the company can save money and increase efficiency.

• With the availability of real-time data all in one place, it simplifies the collection, analysis, and reporting of business data and improves business decisions.

• While the initial implementation cost and any customization of an ERP system are expensive, the long-term costs may be less associated with owning one system, as opposed to multiple systems.

Reference no: EM134048179

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