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What is an enterprise resource planning system

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1. What is the value chain? Describe, in sequence, the main components of a manufacturer's value chain.

2. What is an enterprise resource planning (ERP) system? What are its primary benefits?

3. Why is product quality important for companies that implement a just-in-time inventory system?

4. Explain what is meant by "balanced" in the balanced scorecard approach.

5. What is activity-based costing, and what are its potential benefits?

Reference no: EM13889632

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