How an ERP system improves productivity An ERP system is configured in different ways to achieve the desired business results based on the core objectives, which can determine the level to which…
A financial information system is an organized approach to collecting and interpreting information, which is usually computerized. A well-run financial information system is essential to a business, since managers need the…
Production planning and control (or PPC) is defined as a work process which seeks to allocate human resources, raw materials, and equipment/machines in a way that optimizes efficiency. In layman’s…
Traditional production planning and scheduling systems (such as manufacturing resource planning) use a stepwise procedure to allocate material and production capacity. This approach is simple but cumbersome, and does not readily adapt to changes in…
Enterprise Resource Planning (ERP) is a business management software solution that enables organizations to use one system to manage business processes. https://youtu.be/qZGaRt-u2hQ ERP is accounting and operations oriented and features one…
What is Integration? Integration is a way of connecting ERP software to other systems to ensure that consistent information is shared while also automating workflows. It is useful because it…