Which of the following statements best defines an enterprise resource planning (ERP) system?
A) a demand-pull system in which each component in a production line is produced immediately as needed by the next step in the production line as planned by enterprise resource management
B) a system that comprises a single database that collects data and feeds it into software applications supporting all of a company's business activities
C) a planning system that omits recording some of the journal entries relating to the stages from the purchase of direct materials to the sale of finished goods
D) a system that is made up of work areas with different types of equipment grouped together to make related products

Question

Quizplus · Accepted Answer

An enterprise resource planning (ERP) system is a system that comprises a single database that collects data and feeds it into software applications supporting all of a company's business activities. It is designed to integrate all aspects of a business, including financial management, human resources, supply chain and operations management, customer relationship management, and more. Its purpose is to provide real-time visibility into a company's operations and facilitate decision-making. Options A, C, and D do not accurately describe an ERP system.

Which of the Following Statements Best Defines an Enterprise Resource