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How Are MRP and ERP Similar? How Do They Differ

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How are MRP and ERP similar? How do they differ?


Definitions:

On-time Delivery

On-time Delivery is the act of receiving goods, services, or task completion from a supplier or a business within the designated or agreed timeframe.

Shareholder Value

Shareholder Value is the value delivered to shareholders of a corporation due to the company's ability to increase sales, earnings, and free cash flow, ultimately leading to higher dividends and stock price.

Residual Value

The projected amount an asset is expected to yield when sold at the conclusion of its usable lifespan.

Financial Perspective

A viewpoint focused on analyzing monetary aspects, including profits, expenses, and financial health of a business or investment.

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