The Early Stages of ERP Goes Back to the 1970s

question 88

True/False

The early stages of ERP goes back to the 1970s with Mainframe Requirements Planning.

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Definitions:

Allocate

The process of distributing resources or assigning costs to different departments, projects, or cost centers within an organization.

Production Department

A specialized business unit focused on the creation of goods and services, often involving manufacturing processes or operations.

Proportional Usage

A method of allocating resources, costs, or expenses based on the relative use or contribution of each segment in the production process or service delivery.

Cost Drivers

Elements that cause the cost of a product or service to increase or decrease, influencing overall expenses.