| Employees can from managing IT to more value-added tasks such as innovation and growth | With a secure and centralized data repository, everyone in the organization can be confident that data is correct, up-to-date, and complete |
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| For the first time, different manufacturing tasks were integrated into a common system | Since data is the lifeblood of every modern company, ERP makes it easier to collect, organize, analyze, and distribute this information to every individual and system that needs it to best fulfill their role and responsibility |
refers to a type of software that organizations use to manage day-to-day business activities such as , , , , and.
21| For decades, EOQ was the standard for manufacturing | In addition, organizations nearly always wanted to customize their ERP systems to fit their specific needs, entailing an additional expense of software consultants and training |
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| MRP II also provided a compelling vision of how organizations could leverage software to share and integrate enterprise data and boost operational efficiency with better production planning, reduced inventory, and less waste scrap | The hardware required to run the software was typically on company premises, with big machines in a server room |
Why should you consider using cloud applications to replace or augment your on-premise system? A key ERP principle is the central collection of data for wide distribution.