Describe at Least Two Benefits of Using Enterprise Systems

question 13

Essay

Describe at least two benefits of using enterprise systems.

Identify the role of flexible budgets in performance evaluation and control.

Recognize the importance of comparing actual results with budgeted objectives for effective budgetary control.

Grasp the concept of management by exception and its application in budgetary control.

Learn about the formulation of flexible budgets.

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Definitions:

Customer Needs

The requirements and desires of consumers that a product or service should fulfill.

W. Edwards Deming

A prominent figure in the field of quality management, known for his work in improving production efficiency and implementing quality control processes.

Total Quality Management

A management approach aimed at embedding awareness of quality in all organizational processes.

Customer Relationship Management

A strategy for managing an organization's relationships and interactions with customers and potential customers.