In the past, manufacturer's representatives did not have real-time inventory data about the products they were selling. Today, m
anufacturer's representatives are often provided online access to inventory data for the companies they represent. These online inventory systems allow companies to become more value driven by sharing information across the organization.
balancing customers' benefits and costs.evaluating strategic competitive partnerships.
building relationships with government regulators of marketing institutions.
keeping prices below those charged by competitors.
ERP software systems allow employees accurate and timely access to real time information about the company's areas that they work with. This can optimize how the company operates and increase cooperation between different areas. Also unnecessary operations and delays are eliminated.
Before, salespeople had to continuously check with inventory department about what products were available and ready to be sold, which caused delays and time is money.
If the government spending increases by $200 million, then associated change in equilibrium income will be $ 200 million, assuming that Marginal Propensity to Consume (MPC) is 1
