Week 5 Explain Enterprise Resource Planning ERP

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hapyrary2003

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Week 5 Short Paper – Enterprise Resource Planning (ERP)

Using scholarly material, explain how Enterprise Resource Planning (ERP) Systems mitigate risk and assist in organizational decision making. In addition, explain why mitigating risk and making better decisions are essential to operational efficiency.

The paper must following the formatting guidelines in The Publication Manual of the American Psychological Association (2010), (6th ed., 7th printing), and contain a title page, five scholarly references, three to five pages of content, and a reference page. In addition, the paper will be submitted through the SafeAssign originality-checking tool. More APA assistance can be found at the Purdue University Online Writing Lab.

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Explanation & Answer

Attached.

Running head: ENTERPRISE RESOURCE PLANNING

Enterprise Resource Planning
Name
Institutional Affiliation

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ENTERPRISE RESOURCE PLANNING
Enterprise Resource Planning
Enterprise Resource Planning includes the utilization of tools and various processes to
monitor and mitigate risk within the organizational setting. It provides value by identifying
opportunities in operations as well as assist in managing risks through the use of contextsensitive analysis to transmit information concerning occurrences within the enterprise. The use
of various software tools in Enterprise Resource Planning ensures the eliciting of data into
productive processes that simulate risk scenarios and assist in establishing organizational
decisions (Willcocks & Syke, 2000).Organizations implement the use of enterprise systems to
achieve integration of business activities and enhance the effectiveness of the software.
Enterprise Risk Management systems consist of packaged software applications that are offered
by organizations such as SAP or Oracle and which allow organizations to procure them
personally and align with the individual, organizational needs.
ERP systems also enhance information sharing within the organization and assist the
organization to access different perspectives concerning the long and short-term objectives of the
organization as well. It also offers...


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