Compose a 1250 words assignment on enterprise resource planning system. Needs to be plagiarism free! Organizations aim at increasing their overall returns by minimizing their running costs as much as possible while anticipating maximum returns.
ERP systems are designed to ensure an organization can carry out several functions in a simple way that is the convenience to the organization.
The choice of ERP as a work information system of study was motivated by the need to understand how organizations can work out their functions using simpler cost-effective methods that can guarantee high returns. It is important to understand that the ERP system as used by organizations, enables them to integrate they’re internal, as well as external information systems into single and comprehensive solutions that fit in their activities and work schedules (Atherton 2012. Shaul & Tauber 2012).
Through research in organizations online platforms and journals, I came to an understanding that the ERP strategy for business management includes all the organizations’ practical systems used in the management of their basic commercial duties that include. purchasing, finance, inventory management among many others in their daily life.
Knowledge is a single tool that is central to the success and failure of many large and small enterprises and business organizations. An organization that has a database of key knowledge is always in a better position to understand market dynamics, customer behavior and other important characteristics of the business environment (Chu & Chiu 2013).
The organization then uses this knowledge to enhance its effectiveness and success in the market, on the other hand. an organization that lacks this knowledge as well as gathering systems fails in its attempts to grow.&nbsp.&nbsp.
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