Correct Answer - Option 2 : ERP software packages are themselves combinations of seperate applications for manufacturing, materials, resource planning, general ledger, human resources, procurement and order entry.
The correct answer is "option 2".
CONCEPT:
ERP which stands for Enterprise Resource Planning is a software used by organizations for business activities like:
- Project management
- Risk management & compliance
- Supply chain operations
- Accounting
ERP is used to store critical knowledge that is used to make decisions that improve the organization's performance.
ERP packages are designed & used to integrate many functional areas of business like finance, human resources, etc.
Hence, ERP software packages are themselves combinations of separate applications for manufacturing, materials, resource planning etc.