One Advantage of ERP Systems Is That They Help Organizations

question 33

Short Answer

One advantage of ERP systems is that they help organizations reduce ___________ so they can deliver goods to customer faster and respond to new orders and changes in existing orders more quickly.

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Definitions:

AASB 2

An accounting standard issued by the Australian Accounting Standards Board that covers the accounting requirements for share-based payment transactions.

Business Combination

A transaction or event in which an acquirer obtains control of one or more businesses.

Fair Value

An estimated market value of an asset or liability based on current market conditions rather than historical cost.

Vesting Date

The date on which an employee gains full control over the benefits or stock options granted as part of their compensation package.