Real-time enterprise

Real-time enterprise (commonly abbreviated to RTE) 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.[1][2] This is achieved through the use of integrated systems including ERP, CRM and SCM.[2]

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

See also

  • Business process management (BPM)
  • Complex event processing (CEP)
  • Enterprise resource planning (ERP)
  • Customer relationship management (CRM)
  • Supply chain management (SCM)

References

  1. ^ "Definition of real-time enterprise". PCMAG. Retrieved 2023-02-23.
  2. ^ a b Kisielnicki, Jerzy (April 2021). "Real Time Enterprise as a Platform of Support Management Systems". ResearchGate.

External links

  • Gartner
  • Dawn of the real-time enterprise at InfoWorld
  • White Paper on Real Time Enterprises by Vinod Khosla & Murugan Pal


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