ITE 271 Animation [Copy]

ITE 271 Animation [Copy]

Published on 25 April 2022
  • Facebook
  • Twitter
  • Linkedin
Transcript
00:00
by: India Wright,  Chase Mckenzie, and  Chase Stevens
00:00
Welcome to Enterprise Resource Planning
00:05
ERP refers to a type of software that organizations use to manage day to day business activities. 
00:05
For example,  Accouting, Procurement, Project Management, Risk Management, Compliance, and Supply chain operations
00:10
Integrated across a business organization to optimize efficiency by automating and simplifying individual activities
00:11
HOW IS IT USED?
00:15
- It improves strategic decision making.
00:15
- Helps save money by  streamlining activity  between departments in  a business, better  analytics this making  business more self-aware.
00:15
WHY IS IT IMPORTANT?
00:25
Is expandable -- can grow to meet companies needs
00:25
Identify key metrics
00:25
Enhances decision making
00:25
Consolidation of data across departments
00:25
Pros
00:30
Cons
00:30
ERPs can be expensive depending  on company size, purchasing,  and maintaining the ERP system.
00:30
Implementation can be a  challenge-- takes times, money and resources
00:41
THANK YOU FOR WATCHING!!