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Cоmpаre аnd cоntrаst Enterprise Resоurce Planning (ERP) systems and Materials Requirements (or Resource) Plan (MRP) systems by responding to each of the three question parts below. Part 1: In terms of core business processes of a manufacturing firm, what is an ERP, and what is its purpose? Be sure to include at least three examples of core business processes within an ERP. Part 2: In terms of manufacturing materials and components, what is an MRP system, and why is it considered a strategic enabler? Be sure to list at least three strategic benefits of using an MRP. Part 3: Is an ERP likely to be a component of an MRP, or is an MRP likely to be a component of an ERP? Explain your answer.

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