Final answer:
The enterprise resource planning (ERP) applications can best be described as a multimodule software application for managing a firm's functional activities, suppliers, and customers. ERP systems integrate all aspects of a company's operations, including finance, human resources, inventory management, and customer relationship management.
Step-by-step explanation:
The enterprise resource planning (ERP) applications can best be described as a multimodule software application for managing a firm's functional activities, suppliers, and customers. ERP systems integrate all aspects of a company's operations, including finance, human resources, inventory management, and customer relationship management.
For example, ERP software can help a company plan, organize, and control its various value-creating activities, such as managing production schedules, coordinating purchases with production requirements, and performing forward-looking what-if analyses of plant capacities. It also aids in designing manufacturing processes or service delivery systems simultaneously with the design of the product.