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In the ERP systems, they must meet the organizational needs in todays's competitive environment to be:
Stocking Locations
Specific places where inventory is stored and managed, such as warehouses or retail storerooms.
Aggregate Inventory
The total stock of all items held across different locations within a supply chain.
Information Technology
The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.
Exchange
The act of giving one thing and receiving another in return, especially in a commercial context.
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