The Contribution of Enterprise Systems

The Contribution of

Enterprise Systems

I would say that with any thriving business, there is probably definitely an enterprise system working in the background to ensure optimum productivity and effectiveness. This is the reason enterprise systems are invaluable to both large and small businesses.

Enterprise systems are classified as systems of integrated application-software packages that use data storage and transmission to support information flow, analytics, and reporting within a company and, in some cases, outside a company to clients and colleagues. To sum it up, an enterprise system manages the flow of data relevant to those within the company and those outside the company privy to certain information. Case in point, if a company has multiple lines of products and information relevant to all the products (like statistical data) that needs to be shared with all those within the company, an enterprise system is in place to provide the sharing of this information. Enterprise systems provide value both by providing firm wide information and increasing operational efficiency to assist managers in making better decisions. Enterprise systems also assist firms in responding rapidly to customer requests for products or information. Because the system combines manufacturing, order, and delivery data, manufacturing is better informed about producing only what customers have ordered. Procuring exactly the right amount of components or raw materials to fill actual orders, staging production, and minimizing the time that components or finished products are in inventory are also benefits of utilizing an enterprise system. (Laudon, 2009) Applying enterprise systems can help a company reach operational excellence because when an employee inputs data into an enterprise system, it means that much less time goes into sharing that information through other mediums. It takes time to print out and dispense statistics on every product in a company, but an...