which of the following is considered an advantage/benefit of utilizing in erp system? course hero

by Lon Kulas 3 min read

What are the benefits of an ERP system?

Dec 21, 2020 · Which of the following is considered an advantage/benefit of utilizing an ERP system? A. Fairly inexpensive to purchase and implement B. Flexible enough that it allows different companies with different business models to mold the new ERP system to fit the company's business model C. Enables the company to utilize a single centralized database …

Which statement best describes an ERP system?

4.Which of the following is considered an advantage/benefit of utilizing in ERP system? a. Utilizes multiple databases in order to provide up-to-date information b. Increases the privacy level within an organization, thus functional departments can more easily protect their data from supporting or dependent functional departments c. Allows ...

What is ERP (enterprise resource planning)?

Feb 17, 2016 · Which of the following is considered an advantage / benefit of utilizing in ERP system ? Enables the company to utilize a single centralized database system , thus eliminating duplicate data entry. Uses a single database and common software infrastructure. Provides real - time information.

Which data does an ERP system not collect and store?

Oct 17, 2015 · 35. Which of the following is considered an advantage/benefit of utilizing an ERP system? a. Fairly inexpensive to purchase and implement b. Enables the company to utilize a single centralized database system, thus eliminating duplicate data entry. c.

What is ERP training?

ERP training sessions need to be in line with business processes. IT users need to be trained for the technical aspects of the ERP System. ERP projects are an investment of time and money. Among many other things, successful ERP implementations require: Alignment between the business and IT.

What is ERP software?

Organizations from a variety of industries use Enterprise Resource Planning (ERP) software. There are types of businesses that see more benefits of ERP. There are some key trends that suggest when it’s time for a business to implement or upgrade their ERP system, which include:

What is strategic roadmap?

Strategic roadmap: Organizations with forward-thinking executives have outlined a business technology roadmap that includes a new enterprise solution. While many factors indicate the need for implementing an ERP system, companies in certain industries stand to gain the most from making the move.

What is needed for ERP project?

People – an executive needs to be involved in the ERP project, and other key business leaders need to be included. Having a communication plan is also key. Training – training needs to be an integral part of the ERP project. Internal teams and end-users have to be comfortable with the new software.

Is ERP implementation process for faint of heart?

ERP selection and implementation processes are not for the faint of heart. Choosing the right Enterprise Resource Planning system can be complicated, and often there is a lot at stake. You want to make the best possible choice for your business. But there are ways to make it easier on yourself and your team.

Is ERP software a failure?

ERP software is like any business technology – the tool on its own doesn’t cause failure or success. The business environment, leadership, and end-users determine the ROI of an ERP system – along with the project planning, methodology, and implementation. Key areas that can cause ERP implementation failure are:

Is ERP software more successful than ERP?

New research shows that ERP projects today are much more successful than in the past. Coupled with the fact that cloud ERP software options available on the market today are easier to implement, and keeping in mind the benefits listed above, there’s a real business case for ERP.