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Enterprise Resource Planning (ERP) Is Simpler and Less Sophisticated Than

question 91

True/False

Enterprise resource planning (ERP) is simpler and less sophisticated than manufacturing resource planning (MRP).

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Definitions:

Strategic Outsourcing

The practice of delegating certain business processes or functions to external vendors to focus on core competencies and achieve strategic goals.

Mission Statement

A formal summary that defines the core purpose, aims, and values of an organization, guiding its decisions and actions.

Organizational Culture

The set of shared beliefs, values, norms, and practices that influences how people behave in an organization.

Institutional Identity

The collective way an organization presents itself to the public and stakeholders, encompassing its mission, values, culture, and image.

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