What Role Does Enterprise Resource Planning (ERP) Play?
ERP systems integrate various functions like finance, HR, and supply chain into a single system. This integration offers several advantages:
1. Improved Efficiency: By centralizing data, ERP systems eliminate the need for multiple databases and spreadsheets. 2. Real-Time Data: Access to real-time data helps in making quick, informed decisions. 3. Cost Reduction: Automation and improved processes often lead to cost savings.