Assignment 2, management homework help

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Business Finance

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Please read the following and write a summary.

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Running Head: ERP and Why it’s Needed

1

ERP and Why It’s Needed
Institutional Affiliation
Date

ERP and Why it’s Needed

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Enterprise resource planning is an enterprise-wide information system which is designed
to make facilitation of information flow and the coordination of the resources that are available
to an organization. The basic functions that are facilitated by the ERP are the inventory, logistics,
manufacturing, invoicing, distribution and accounting. ERP also ensures that the managing
connections are assisted to the external stakeholders and at the same time making sure that the
performance management is enhanced. The plan entails a central computerized platform where
the database usually performs the common functions an organization has. There has been much
software that an org...


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