Trends in ERP.pdf
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ERP stands for Enterprise Resource Planning, a system used to manage the integrated activities of a business. ERPs are often used in manufacturing industries, but they can also be utilized in service industries, such as accounting firms as per Bahaa Al Zubaidi. ERPs play an important role within any organization because they provide a single view of the entire business. This allows organizations to see how one part affects another easily. For instance, data like payroll expenses and output levels would reflect the effects of a decision to alter the policy on overtime compensation.
