Real-time enterprise explained

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.

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)

External links

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

Notes and References

1. Web site: Definition of real-time enterprise . 2023-02-23 . PCMAG . en.
2. Web site: Kisielnicki . Jerzy . April 2021 . Real Time Enterprise as a Platform of Support Management Systems . ResearchGate.