Enterprise Resource Planning (ERP) [JK]

Question 1

How is an ERP system is different from accounting software?

Answer 1

Accounting software is a smaller set of system that performs accounting-related tasks

ERP is a bigger set of system that contains accounting software functions.

Question 2

Benefits/Costs of an ERP system

Answer 2

Ben:
- Improved customer service and satisfaction
- Global and supply chain integration
- Reduced inventory management
- Improved decision making

Costs:
- Software maintenance
- Hardware needed
- Training for employees
- Software upgrades