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Who Are the Primary Users of ERP Systems

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Who are the primary users of ERP systems?


Definitions:

Inventory Carrying Cost

The total expenses associated with holding and storing unsold goods, including warehousing, insurance, depreciation, and opportunity costs.

Annual Requirement

The total quantity or amount of a particular resource or input that is needed by an organization or project over the course of a year.

Ordering Costs

Expenses incurred in placing and processing orders for goods or services, including costs associated with ordering, receiving, and inspecting items.

Service Level

A measure of the quality of service provided by a vendor or organization, often outlined in service-level agreements specifying performance and availability standards.

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