Attached.

Running head: ENTERPRISE RESOURCE PLANNING

Enterprise Resource Planning
Student Name
Professor’s Name
Institution Name
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ENTERPRISE RESOURCE PLANNING

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Enterprise Resource Planning (ERP)
Introduction
Enterprise resource systems is a suite of software that is targeted towards making the
business processes smooth, and efficient. This is achieved through their help in risk mitigation,
and their active role in the decision-making process. These two critical aspects of the business
are important in ensuring continuity, and efficiency. When the management is able to come up
with quick fixes to problems, and issues, it can streamline the business in accordance with the
vision and mission statement. Time is of the essence, and the amount of data to be analyzed can
be overwhelming. The risk associated, and the possibility of making wrong or delayed decisions
is high. It can incapacitate the various functions of the business enterprise. Therefore, it is
mandatory that a corporation finds a viable means of obtaining, synthesizing, and interpreting
available information in a constructive manner. This is where enterprise resource systems come
into the picture. They are capable of capturing data from the various business functions and avail
it in real time to the management in a usable form. The subsequent section shall analyze the
enterprise resource systems in terms of their usefulness to the management regarding the areas of
decision making and risk mitigation (Matende & Ogao, 2013).
Discussion
Risk mitigation is a means of managing the potentially damaging factors that could affect
a business. Such factors can be a failure of equipment, lack of stock, and loss of revenue. On
several occasions, these factors are not foreseeable, and the business entity must make calculated
guesses on t...