Which Application's Primary Business Benefits Include Forecasting, Planning, Purchasing, Material

question 5

Multiple Choice

Which application's primary business benefits include forecasting, planning, purchasing, material management, warehousing, inventory, and distribution?

• A) CRM
• B) SCM
• C) ERP
• D) All of these

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Definitions:

Satisfice

A decision-making strategy which aims for an acceptable or satisfactory solution, rather than the optimal solution.

Error-Prone Way

A method or process that is likely to lead to mistakes or errors due to inherent flaws or complexities.

Information

Data that is organized, processed, or structured in a context that makes it meaningful and useful.

Political Considerations

Factors that involve the influence of politics or political decision-making in a business, organizational, or governmental context.