A system that comprises a single database that collects data and feeds it into software applications supporting all of a company's business activities is known as a(n) ________.
A) economic order quantity (EOQ) system
B) enterprise resource planning (ERP) system
C) just-in-time (JIT) system
D) material requirements planning (MRP) system

Question

Quizplus · Accepted Answer

An enterprise resource planning (ERP) system is a software system that integrates all of a company's business activities into a single database, providing a comprehensive view of the organization's operations. This includes areas such as finance, human resources, supply chain management, inventory management, and customer relationship management. The system collects data from various sources and uses it to support decision-making and streamline business processes. Economic order quantity (EOQ), just-in-time (JIT), and material requirements planning (MRP) systems are specific types of inventory and supply chain management systems, but they do not integrate all business activities into a single database.

A System That Comprises a Single Database That Collects Data