Enterprise Resource Planning (ERP): ERP is nothing but a planning that joins various departments and its functions all over an organization into a single information system . This planning helps the employees to make their decisions on viewing the wide enterprise information about various business operations. The main motive is to provide common database that supports various functions used by different business departments. For example, consider the department named sales and accounting that depend on the same data for their own needs. Supply Chain Management (SCM): Supply Chain Management is defined as the method of designing, planning, implementing and combining all supply chain process. Supply chain management might help the customers (students), partners, distributors, and suppliers have an organized system by which they could communicate with each other and can access the necessary data. Customer Relationship Management (CRM): Customer relationship management is a methodology that manages an organization’s communication with their customers. This method uses client’s history with the company to improve business relationships. Modern customer relationship management constructs enduring customer relationships that generate value for company and customers.

Question

Want to see the full answer?

Answer 1

Question

Chapter 9, Problem 7DQ

Program Plan Intro

Enterprise Resource Planning (ERP):

ERP is nothing but a planning that joins various departments and its functions all over an organization into a single information system.

This planning helps the employees to make their decisions on viewing the wide enterprise information about various business operations.

The main motive is to provide common database that supports various functions used by different business departments.

For example, consider the department named sales and accounting that depend on the same data for their own needs.

Supply Chain Management (SCM):

Supply Chain Management is defined as the method of designing, planning, implementing and combining all supply chain process.

Supply chain management might help the customers (students), partners, distributors, and suppliers have an organized system by which they could communicate with each other and can access the necessary data.

Customer Relationship Management (CRM):

Customer relationship management is a methodology that manages an organization’s communication with their customers.

This method uses client’s history with the company to improve business relationships.

Modern customer relationship management constructs enduring customer relationships that generate value for company and customers.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Which of the following methods help when a model suffers from high variance? a. Increase training data. b. Increase model size. c. Decrease the amount of regularization. d. Perform feature selection.

57 Formula 1 point Use shift folding, length 3, on the following value to calculate the Hash Value. 114184121 Type your answer...

Write a program that reads a list of 10 integers, and outputs those integers in reverse. For coding simplicity, follow each output integer by a space, including the last one. Then, output a newline. Ex: If the input is: 2 4 6 8 10 12 14 16 18 20 the output is: 20 18 16 14 12 10 8 642 To achieve the above result, first read the integers into an array. Then output the array in reverse. 623802 1031906 nx3zmv7.