The Primary Goal of Installing an ERP System Is Achieving

question 18

True/False

The primary goal of installing an ERP system is achieving business process reengineering to improve customer service,reduce production time,increase productivity,and improve decision-making.

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Definitions:

Field Warehouse

A secured area within a business's premises that is operated by an independent warehousing company for storing pledged goods under a field warehousing agreement.

Financing Inventory

The practice of using borrowed funds or other financial strategies to purchase goods intended for sale.

Pledged Property

Property that a borrower provides to a lender as security for a loan, ensuring that the lender has a claim to the property if the loan is not repaid according to the agreed terms.

Financing Agreement

A contract in which one party provides money, goods, or services to another party in exchange for eventual repayment or other financial terms.