What is ERP, list its characteristics

What is ERP, list its characteristics

1)    Flexible ,Modular ,Single Database

2)    Online Real time (No batch)

3)    Seamless Integration across modules

4)    Most of functions are automated

5)    Support variety of organizational  functions, activities or services

6)    Better analysis, planning capabilities

7)    ERP bridges the information gap across the organization

Define an Enterprise

In the computer industry, an enterprise is an organization that uses computers. A word was needed that would encompass corporations, small businesses, non-profit institutions, government bodies, and possibly other kinds of organizations. The term enterprise seemed to do the job. In practice, the term is applied much more often to larger organizations than smaller ones.

List the benefits of organization after implementation of an ERP

1. Single customized control panel front end designed specific to the user and tasks assigned to a user.
2. Permission levels to allow/prevent misuse of data
3. Less maintenance and a smaller learning curve for HR
4. Exponential increase in reporting functionality and trend prediction for administration
5. Employees can make smarter more well educated choices based on higher quality information presented to them through the ERP
6. Integration of internal departments to improve efficiency and productivity within an organization
7. Reduces operating costs and bottlenecks
8. Facilitates day-to-day management
9. Facilitates strategic planning
10. Facilitates day-to-day management
11. Facilitates strategic planning

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