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FAQs on 6th Sem Question Paper Of Enterprise Resource Planning

1. What is Enterprise Resource Planning (ERP)?

Ans. Enterprise Resource Planning (ERP) is a business management software that integrates various functions of an organization into a single system. It allows for the centralized management of different processes such as finance, human resources, inventory, customer relationship management, and production planning.

2. How does ERP benefit businesses?

Ans. ERP provides several benefits to businesses, including improved efficiency and productivity, better decision-making through real-time data analysis, streamlined processes, cost savings through automation, enhanced collaboration among departments, and increased customer satisfaction.

3. What are the key features of an ERP system?

Ans. Key features of an ERP system include modules for different business functions, a centralized database for data storage, user-friendly interface, customizable workflows, real-time data access, reporting and analytics tools, integration with external systems, and scalability to accommodate growth.

4. What are the implementation challenges of ERP systems?

Ans. Implementing an ERP system can be challenging due to factors such as complex data migration, resistance to change from employees, integration issues with existing systems, high costs, lack of skilled resources, and the need for extensive training and support.

5. How can businesses ensure successful ERP implementation?

Ans. To ensure successful ERP implementation, businesses should define clear objectives and requirements, involve key stakeholders, select a suitable ERP solution, thoroughly plan and test the implementation process, provide comprehensive training to employees, establish effective change management strategies, and have ongoing support from the ERP vendor.

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