What Are the Primary Business Benefits of an ERP System

question 308

Multiple Choice

What are the primary business benefits of an ERP system?

• A)sales forecasts, sales strategies, and marketing campaigns
• B)market demand, resource and capacity constraints, and real-time scheduling
• C)forecasting, planning, purchasing, material management, warehousing, inventory, and distribution
• D)All of these are correct.

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Definitions:

Producing Goods

The process of creating, manufacturing, or assembling products or goods from raw materials or components.

Demand

The consumer's desire and willingness to pay a price for a specific good or service.

Cash Sales

Transactions in which goods or services are paid for and received at the time of the transaction with cash or other immediate payment methods.

Cash Cycle

The period between the purchase of inventory and the collection of receivables from customers, indicating liquidity.