Real-time enterprise
Real-time enterprise is a concept in business systems design focused on ensuring organisational responsiveness that was popularised in the first decade of the 21st century. It is also referred to as on-demand enterprise. Such an enterprise must be able to fulfill orders as soon as they are needed, and current information is available within a company at all times. This is achieved through the use of integrated systems including ERP, Customer [relationship management|CRM] and SCM.
Though not particularly well defined, generally accepted goals of an RTE include:
- Reduced response times for partners and customers
- Increased transparency, for example sharing or reporting information across an enterprise instead of keeping it within individual departments
- Increased automation, including communications, accounting, supply chains and reporting
- Increased competitiveness
- Reduced costs