Enterprise Resource Planning

• What is enterprise resource planning (ERP)?

  ERP is software that helps businesses integrate and manage the different functional areas
• What are the drawbacks of enterprise resource planning?

  • Initial cost - implementation and training
  • Not always suitable for every business - especially small businesses
• What are the benefits of enterprise resource planning?

  • Improved efficiency
  • Better decision-making
  • Reduced costs
  • Increased visibility for management
• Why does enterprise resource planning improve efficiency?

  By automating tasks and streamlining processes, ERP systems reduce manual effort and improve overall efficiency
• Why does enterprise resource planning allow for better decision-making?

  Real-time data and analytics provide insights that enable informed decision-making
• Why does enterprise resource planning reduce costs?


  ERP systems can help reduce operational costs by optimising resource allocation, minimising waste, and improving inventory management
• Why does enterprise resource planning increase visibility for management?

  A centralised system provides a complete view of the business operations, allowing managers to identify issues and opportunities more effectively