Which statement best describes how ERP systems can enhance decision-making?

ERP systems are designed to integrate and manage core business processes in real-time, which significantly improves decision-making capabilities. By providing real-time access to comprehensive data, ERP systems enable managers and decision-makers to have an up-to-date view of the organization's operations, finances, inventory, and customer interactions. This holistic view allows for informed decisions based on current and accurate information, rather than relying on outdated or incomplete data.

The ability to analyze data from various departments and functions—such as sales, finance, supply chain, and human resources—enhances the overall understanding of business performance. Decision-makers can identify trends, spot potential issues, and evaluate the business impact of their choices more effectively. This leads to more strategic planning and the ability to respond swiftly to market changes or organizational challenges.

In contrast, limiting the amount of data processed would hinder rather than help decision-making because it restricts access to necessary information. Obtaining external opinions can be beneficial, but it lacks the immediacy and specificity of data from within the organization. Focusing solely on historical data also presents limitations, as it does not provide the timely insights needed to navigate current business environments. Therefore, the emphasis on real-time access to comprehensive data stands out as the most effective means by which ERP systems