Technology in The Industry: Seatwork
Technology in The Industry: Seatwork
C. ESSAY. Answer the following items on the space provided or at the back of this paper (as
needed).
(2 items x 5 points)
a. Define an ERP system based on how you understand its concept. Use your own words. (5
points)
ERP system needs to be used by companies today especially the growing ones. It helps in
handling different kinds of transactions that other systems cannot do. ERP also minimizes
the confusion and expenses in the workplace as you do not need to use various systems in
order to maintain the security of your company. It also reduces the consumption of time
when it comes to managing legal documents. It enhances and can be utilized in every aspect
of work operation.
b. Write a short analysis about the evolution of ERP in the industry. (5 points)
It started in 1913 when Engineer Harris developed the Economic Order Quantity Model which
helps in production scheduling. In 1964, Material Requirements Planning to improve business
productivity. In 1983, the MRP II was developed in order to handle various activities. In 1990,
Enterprise Resource Planning was created. In 21 st Century, the ERP grew in the industry. As
ERP evolves, the cost also reduces which is helpful for any kind of business.