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Tomorrow’s Technology and You 8th Edition - page 25 / 50

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© 2008 Prentice-Hall, Inc.

Slide 25

Tomorrow’s Technology and You 8/e Chapter 12 Systems and Organizations

Enterprise Resource Planning

An enterprise resource planning (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 a firm.

ERP systems are usually large and complex, and take a lot of time and money to implement.

A recent survey found that the average total cost of an ERP is $15 million (the highest cost was $300 million and the lowest cost was $400,000).

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