How do I define an erp system?

Answer This is the modern definition of an ERP: a system that uses information from the entire supply chain, integrated across all functional and cost centers, to optimize profitability for the enterpris... Read More »

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Define an MRP System?

MRP stands for "material requirements planning." It involves planning in advance the orders and processing of all material required for a manufacturing process. Material requirements planning focus... Read More »

Define a Document Management System?

If your organization's documents exist in physical form, you could spend hours searching for information. A document management system is a computer application designed to capture, store and share... Read More »

Define the Juvenile Justice System?

Defining the juvenile justice system requires understanding its components and terminology. Juvenile justice is the youth equivalent of the criminal justice system. The juvenile system recognizes ... Read More »

Define Perpetual Inventory System?

Perpetual inventory describes a system where a business updates the quantity and availability of its inventory on a continuous basis, after each purchase or sale. Companies typically employ perpetu... Read More »