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The resources such as equipment and human resources should be effectively managed. To facilitate effective management of equipment resources on line records of equipment location and status need to be kept and proper accounting methods need to be followed in respect of operating costs and maintenance costs.To mange human resources effectively function such as employee database job descriptions and evaluations applicant tracking requisition management performance review cost benefits career and succession planning creating alternative organization structures taking care of training needed etc, are provided by the ERP software package.To facilitate total quality management ( TQM) the ERP provides for quality planning required for ISO 9000 certification.
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difference between transaction exposure risk and translation exposure risk#
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