Businesses today confront new markets, new competition, and increasing customer expectations. Thus, companies are constantly having to update their business practices and procedures to be even more responsive to their customers and competition. Within the last decade, information technology emerged as an essential tool to give businesses a competitive advantage. More specifically, ERP (Enterprise resource planning) systems are a major information technology being used, in hopes of obtaining this competitive advantage. The efficiency of an …
showed first 75 words of 2271 total

showed last 75 words of 2271 total
…users to turn on and off functionality as needed to adapt quickly to changes in their business, where a customized application has to be rebuilt. What these applications do is capture data about historical activity, current operations and future plans, and organize that in a way people can use. With an ERP system, you can see that once customized and fit to your needs, they will more than likely give your business a competitive advantage.