Topic Summary-Terence Essay Example | Topics and Well Written Essays - 1250 words

Topic Summary-Terence - Essay Example ERP systems are designed to ensure an organisation can carry out several functions in a simple way that is convenience to the organisation. The choice of ERP as a work information system of study was motivated by the need to understand how organisations can work out their functions using simpler cost effective methods that can guarantee high returns. It is important to understand that the ERP system as used by organisations, enables them to integrate their internal, as well as external information systems into single and comprehensive solutions that fit in their activities and work schedules (Atherton 2012; Shaul & Tauber 2012). Through research in organisations online platforms and journals, I came to an understanding that the ERP strategy for business management includes all the organizations’ practical systems used in the management of their basic commercial duties that include; purchasing, finance, inventory management among many others in their daily life. This made me curious to understand the main objectives designed in the ERP tool, actually, its main objective as concerns this research, is to enhance information flow in all an organization’s internal functions while at the same time, creating and managing connections to with its external stakeholders. Knowledge is a single tool that is central to the success and failure of many large and small enterprises and business organizations. An organisation that has a database of key knowledge is always in a better position to understand market dynamics, customer behavior and other important characteristics of the business environment (Chu & Chiu 2013). The organisation then uses this knowledge to enhance its effectiveness and success in the market, on the other hand; an organisation that lacks this knowledge as well as gathering systems fails in its attempts to grow. For this reason, knowledge management is an activity that spurs