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What Are the Benefits of Using an Enterprise Resource Planning

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Essay

What are the benefits of using an enterprise resource planning (ERP)system?


Definitions:

Industry Entry

The process by which new competitors enter an existing market or industry.

Continue Operate

The decision for a business to keep running its operations despite facing challenges or not achieving expected results.

Loss

A decrease in money, resources, or value, often occurring when expenses exceed revenues in a business context or reflecting personal financial setbacks.

Price Range

The spectrum or extent between the highest and lowest prices of a commodity over a given period.

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