What is the role of enterprise resource planning (ERP) systems in business? 🔊
Enterprise Resource Planning (ERP) systems play a crucial role in business by integrating various processes and functions into one unified system. They facilitate the flow of information across departments—such as finance, HR, and supply chain—enhancing efficiency and decision-making. By providing real-time data and analytics, ERP systems help businesses streamline operations, reduce costs, and improve overall productivity. Additionally, they support compliance and standardization of processes, which is essential for maintaining quality and consistency in service and product delivery.
Equestions.com Team – Verified by subject-matter experts