What is a common characteristic of enterprise resource planning (ERP) systems? 🔊
A common characteristic of enterprise resource planning (ERP) systems is their capacity for integration. ERP systems consolidate various business processes, including finance, HR, supply chain, and manufacturing, into a single, cohesive system. This integration facilitates real-time data sharing across departments, enhancing collaboration and decision-making. Additionally, ERPs typically provide standardized processes and reporting features, which streamline operations and improve efficiency. By centralizing information, organizations can reduce data silos and achieve a unified view of their operations, thus enabling better strategic planning and resource management.
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