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Unformatted text preview: Technological Change Technology has played a large role in the value chain. Computerization and automation have permitted companies to be more effective in streamlining production and thus enhancing the value chain. For example, many companies now employ enterprise resource planning (ERP) software systems to manage their value chain. ERP systems provide a comprehensive, centralized, integrated source of information that companies can use to manage all major business processes, from purchasing to manufacturing to human resources. In large companies, an ERP system might replace as many as 200 individual software packages. For example, an ERP system can eliminate the need for individual software packages for personnel, inventory management, receivables, and payroll. Because the value chain extends beyond the walls of the company, ERP systems enable a two-way flow of information between a company and its major...
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This note was uploaded on 11/08/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.
- Fall '11