The improve information flow, reduce costs, streamline

The evolution of computers and communication technologies are pushing the physical disintegration of markets and enterprises to its global limits. Businesses in the recent years have witnessed an unparalleled period of change in terms of advances in technology and globalization of markets. Increased global competition has put a premium on the ability of organizations to generate timely and accurate information throughout the enterprise and collaborate with their business partners and consumers to remain com. Over the years, many information and communication technologies have been developed for integrating various activities of a firm. A technology that has benefited corporations the most in their ability to integrate their operational processes to improve information flow, reduce costs, streamline business processes, offer product variety, establish linkage with business partners and to reduce response time to customer needs is the enterprise resource planning (ERP). Firms that successfully implement integrative technologies have been viewed as highly competitive in the global. An ERP system is a set of business modules, which interconnects functional areas of an organization, such as finance, accounting, production, purchasing and customer service into a tightly integrated single system with a common platform for flow of information across the enterprise. The Internet has enabled firms to expand ERP applications beyond the corporate boundaries and to connect their internal business processes with the business processes of their customers and suppliers. ERP can be used as a platform for electronic business applications allowing organizations to reduce their inventory costs and to better manage their supply chains and customer relationship. Manufactures, suppliers and retailers can coordinate their activities and track items. Tracking items is a well-used and convenient benefit of ERP systems. By using bar codes or placing radio frequency identification tags on items companies can find exactly where the item is in the value chain, prevent theft and determine its delivery time accurately so that the customer receives the goods on time. The current trend for enterprise systems is to include Web components for e-business and international communications. One important aspect of an ERP system for both manufacturing and service sectors is its ability to improve the information flow across multiple sites, even in different countries. ERP systems have the ability to take language translation into consideration. Of course, languages are rarely translated with 100 percent accuracy, but the systems have the ability to communicate through the language barrier. These systems can also take into account differences with currencies. Because exchange rates are available via the Internet and in real time, business transactions can be conducted with real-time adjustments for currency values. ERP systems also can be set up to include for various human resources laws and regulations unique to individual locations. The ERP systems allow managers to access business transactions that are conducted anywhere within their multi-site ERP system. Enhancing the information flow will lead to increased visibility of product and customer information at any of the multi-site location when needed.

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