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The Role of ERP in Globalization: A low-cost approach to new markets
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A majority of companies (79 percent) view global markets as a growth opportunity.
Of those seeking to exploit new markets, half are also feeling pressures to reduce cost either by procuring materials from low-cost sources, out-sourcing manufacturing operations where labor is less expensive, or establishing their own or joint venture manufacturing operations in these same locations.
Aberdeen applies a methodology to benchmark research that evaluate the business pressures, actions, capabilities, and enablers (PACE) that indicate corporate behavior in specific business processes.
These terms are defined as: