Dr. Livermore explains how advantageous ERP is when it is used to integrate technologies in large businesses, along with their associate businesses.
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Dr. Livermore also pointed out that for many large businesses, Enterprise Resource Planning (ERP) computer applications make it possible to integrate multiple technologies. This is especially important for information sharing and processes across various departments to communicate in real time. Implementing an ERP system is extremely expensive, but for companies that can afford it, there are many benefits. Additionally, if businesses can convert their vendors, partners, and/or suppliers to use the same ERP system, they will gain even more advantageous economies of scale at every step in the supply chain process. This is because between these companies' interactions, the system allows for seamless file sharing, communication, and efficient inventory and resource management. Furthermore, companies are able to use their resources more efficiently when their processes flow continuously without pauses.