Enterprise resource planning is recognized as a necessary ingredient that many companies need in order to:
A) Gain the efficiency, agility, and responsiveness required to succeed in today's dynamic business environment
B) Maximize their marketing dollars
C) Reduce inventory levels
D) Hold onto competent employees in a competitive environment

Question

Quizplus · Accepted Answer

Enterprise resource planning (ERP) helps companies gain efficiency, agility, and responsiveness by integrating all their business processes and data into a single system. This allows for better decision-making, improved collaboration, and streamlined operations, which are essential for success in today's fast-paced and competitive business environment. While ERP can help with inventory management and employee retention, these benefits are not the primary reason why companies invest in ERP.

Enterprise Resource Planning Is Recognized as a Necessary Ingredient That