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UGC NET CSE | December 2011 | Part 2 | Question: 44

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Enterprise Resource Planning (ERP)

  1. Has existed for over a decade.
  2. Does not integrate well with the functional areas other than operations.
  3. Is inexpensive to implement.
  4. Automate and integrates the majority of business processes.
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Ans is D 

An Enterprise Resource Planning (ERP) system is a packaged business software system that allows a company to automate and integrate the majority of its business processes. This enables the company to share common data and practices across the entire enterprise, and to produce and access information in a real-time environment.

 

 

A,B,C are false 

As ERP has existed since 1960's much more than a decade http://www.erpandmore.com/erp-reference/erp-history/

as ERP is expensive

ERP facilitates information flow between all business functions, and manages connections to outside stakeholders.[2]

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