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How are enterprise software tools/enterprise resource planning used in helping to reduce the cost of designing and implementing new systems?

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How are enterprise software tools/enterprise resource planning used in helping to reduce the cost of designing and implementing new systems?

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It depends on integration and real-time interaction with an ERP or SCM system to balance responsiveness to customers with minimizing cost to the business. ERP (Enterprise Resource Planning) is an industry term for the broad set of activities supported by multi-module application software that helps a manufacturer or other business to manage all the parts of its business. ERP facilitates the integration of company-wide information systems. ERP is designed to a) help in the reduction of an organizations operating costs; b) integrate all parts of an organization, c) increase the efficiency of operations as a result of this integration, d) integrate systems that enable the flow of information, e) enables consolidation of ...

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