1. Why an ERP System is Required? Reasons These days, an ERP system is a necessity, not a luxury. You need a system to help you operate and manage your business. But more you need to do? Former analyst at the Gartner Group, Lee Wylie in 1990 introduced the world to the idea of systems enterprise resource planning (ERP Enterprise Resource Planning). During its history of over 20 years the ERP software has undergone a major transformation. While the first systems were purchased and used primarily for financial applications, order management, purchasing and manufacturing, systems today are designed to be used throughout the company. ERP software systems include leading business intelligence (BI Business Intelligence) and performance management (CPM Corporate Performance Management) and integrated applications for you to track the performance of your company through its critical metrics business. Newer systems include applications for managing the supply chain (SCM Supply Chain Management
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