An Enterprise Resource Planning System Can Become the Backbone of an Organization's

question 97

True/False

An enterprise resource planning system can become the backbone of an organization's operations.

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Definitions:

TPS

Transaction Processing Systems are computerized systems that perform and record daily routine transactions necessary to the operation of a business, such as sales order entry, hotel reservations, payroll, employee record keeping, and shipping.

Data

Data refers to qualitative or quantitative attributes of a variable or set of variables.

Knowledge

Data and/or information that have been organized and processed to convey understanding, experience, accumulated learning, and expertise as they apply to a current problem or activity.

Wisdom

The capacity to apply knowledge, experience, understanding, and insight in a judicious and practical way to solve problems or make decisions.