1) ERP systems integrate software modules across business functions like accounting, sales, inventory, and customer relationship management to provide a centralized source of information.
2) Implementing ERP reduces costs by eliminating separate software systems, speeds up processes like order tracking, and provides accurate company-wide data reporting.
3) Consultants, hardware vendors, and software vendors all play important roles in a successful ERP implementation through activities like system installation, training, maintenance, and software updates.