The most compelling benefit of an enterprise system is that it enables collaboration and efficiency among the departments in an organization. The significant investment often required in infrastructure and organizational processes, along with the burden of strategic planning and cross-organizational teamwork, are challenges.Know More
When successful, implementation of an enterprise system offers the potential for major competitive advantages. Organizations can outpace competitors with more efficient resource utilization, better overall management of customer relationships and improved operational efficiency. Some companies have a system that connects sales forecasts to production budgets and materials inventory, for instance.
Enterprise systems are driven by software platforms. Building up an optimal infrastructure, including the right software solution, is a major investment for many companies. Putting the right system into place from the beginning is a concern. Some companies fail to take the time to plan strategically from the outset, which increases the risks of a bad investment. Others either don't get strategic planning involvement from enough department leaders or they build a failed strategy. Even with a careful strategy, implementing a system that aligns technology with involvement of all workers across the organization is an obstacle. A culture of collaboration enhances the chances of success, but clear communication and work flows are necessary as well.Learn more in Software
In computer science, concurrency is the execution of several instruction sequences at the same time. In an operating system, this happens when there are several process threads running in parallel. These threads may communicate with each other through either shared memory or message passing.Full Answer >
Custom-written software is software that is written specifically by and for an organization, company or person as opposed to buying already written software. While most organizations use mass-produced purchased software, some organizations choose to write their own software to cater to their specific needs.Full Answer >
An information system provides informational support for decision makers within an organization or company, according to the Food and Agriculture Organization of the United Nations. Such a system is designed to collect, transmit, process and store relevant data to be utilized by management to make decisions with regards to an organization's progress.Full Answer >
Examples of transaction processing systems include payroll, order processing, reservations, employee records, accounts payable and accounts receivable. These systems collect and store data about transactions, which are activities that change stored data. For example, using a credit card, reserving a flight and ordering products from a catalog are transactions.Full Answer >