Elaborate enterprise resource planning (ERP) software systems improve firm efficiency by:
A) allowing workforce reductions without corresponding losses in productivity.
B) making it possible to share information quickly with everyone in the industry.
C) reducing the time required to design and test new products.
D) identifying the resources required across the firm to receive,record,procure and ship customer orders.

Question

Quizplus · Accepted Answer

ERP software systems help in identifying the resources required across the firm to receive, record, procure and ship customer orders. This helps in improving efficiency as it streamlines the entire process and eliminates any redundancies, thereby reducing the time and costs involved in the process. While ERP systems may lead to workforce reductions in some cases, this is not the primary objective of implementing such systems. Similarly, while sharing information quickly with everyone in the industry and reducing the time required to design and test new products are important benefits, they are not directly related to improving firm efficiency.

Elaborate Enterprise Resource Planning (ERP) Software Systems Improve Firm Efficiency