An ERP-centered architecture codifies constraints, generates finite-capacity schedules, and reconciles planned versus actual performance continuously.

Both service operations and manufacturing operations are in the business of satisfying customers, and that requires organization and planning. While the mechanisms and inputs for creating customer ...

Automation. Artificial intelligence. Machine learning. These sound more like sci-fi than actual business tools, right? If you’re like many small-to-medium-sized businesses, you might be taking your ...

There is not a huge difference between Manufacturing Resource Planning (MRP) and its second iteration known as MRP II. Each system was designed to help ensure businesses have the right balance of ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Both enterprise resource planning (ERP) and material ...

Enterprise resource planning (ERP) is a method of using computer technology to link various functions—such as accounting, inventory control, and human resources—across an entire company. ERP is ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Introduction In every war, long-term engagements have demonstrated the complexity of logistical planning. However, throughout the ongoing ...