Describe How Businesses Used Computers for Inventory Purposes Before the Advent

Question

Examlex · Accepted Answer

The Answer is Although the term enterprise resource planning (ERP)is relatively new,businesses have been using IS to support their processes for 50 years,well before the Internet.In the 1960s,a business could use a dedicated phone line,a computer card reader,and punch cards to send inventory orders to a supplier.By the 1970s,businesses began to buy their own mainframe computers,and manufacturing companies began to use software called material requirements planning (MRP)to efficiently manage inventory,production,and labor.As computing power became cheaper,manufacturing resource planning (MRPII)was developed that added financial tracking capabilities as well as the opportunity to schedule equipment and facilities.The business environment continued to evolve with the advent of just in time (JIT)delivery,which integrated manufacturing and supply.

Describe How Businesses Used Computers for Inventory Purposes Before the Advent

Definitions: