A Successful Implementation of an ERP System Is

question 37

Multiple Choice

A successful implementation of an ERP system is:

• A)Complex
• B)Time-consuming
• C)Expensive
• D)All of the options are correct.

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Definitions:

Group Incentive System

A compensation system that rewards a group of employees for achieving certain performance targets, designed to foster teamwork and collective achievement.

Gainsharing

A program where employees receive financial rewards based on the performance improvement or cost-savings achievements of their work group.

Productivity

The measurement of efficiency of production, especially in terms of output per unit of input.

Cost Savings

The reduction in expenses achieved through efficiency improvements, negotiation, or eliminating wasteful practices.