Examlex
The wasteful duplication of functional resources is most likely to arise with a
ERP
Enterprise Resource Planning (ERP) systems integrate main business processes, facilitating the flow of information within an organization to manage complexities and increase efficiency.
Flexibility
The ability of a system or process to adapt or adjust to changing conditions or needs.
FAIS
Financial Advisory and Intermediary Services, regulations designed to protect consumers by ensuring fair treatment by financial service providers.
TPS
Stands for Transactions Per Second, a measure of the throughput or operational capability of a computer system or application, crucial in evaluating system performance.
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