Next-Generation ERP Must Take a Giant Leap
Enterprise resource planning (ERP) systems emerged in the 1990s. Even though they donât do much in the way of planning, the systems provide companies a means of centralizing and consolidating transaction data collection (such as purchase orders, inventory movements and depreciation), automating the management of processes, and handling the bookkeeping and financial record keeping for these transactions and related processes. ERP systems are an indispensable piece of IT infrastructure in todayâs enterprises. Alas, they also are inherently flawed. But perhaps not for much longer.(more…)
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