Ó 2002
Prentice Hall
2
Enterprise
Resource Planning
An ERP system links, simplifies, and speeds up a company's entire transaction processing cycle.
The emphasis of ERP is to improve the free flow of information between different parts of the firm.
ERP systems are usually large and complex, and take a lot of time and money to implement. A recent survey of 63 companies—including small, medium and large companies in a range of industries—the average total cost of an ERP was $15 million (the highest was $300 million and lowest was $400,000).