ERP, when carefully implemented, can cut costs, increase cycle time, and reduce productivity.

Question

Quizplus · Accepted Answer

The statement is incorrect. When implemented carefully, ERP (Enterprise Resource Planning) systems can actually reduce costs, improve cycle time (the duration of a business process), and increase productivity. ERP systems integrate and streamline different business functions such as finance, human resources, supply chain management, and customer relationship management to eliminate duplication, increase efficiency, and provide better visibility into business operations. This can lead to significant savings and benefits for organizations.

ERP, When Carefully Implemented, Can Cut Costs, Increase Cycle Time