An ERP system is a real-time business support system that caters to the information needs of an entire enterprise using a single repository of data (a database) and a very sophisticated set of highly-customizable software modules which, together, facilitate decision-making and the actions based on these decisions. This invariably results in highly efficient operations and a resultant competitive advantage. SAP, developed by SAP AG, located in Walldorf, Germany, is one such proprietary ERP system.
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