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Definitions for key terms related to enterprise systems, including internally and externally focused systems, interorganizational systems, legacy systems, enterprise systems, core activities, value systems, value chains, upstream and downstream information flows, packaged applications, custom applications, and stand-alone applications. Enterprise systems allow companies to integrate information across operations on a company-wide basis, providing a central repository for all corporate users and enabling seamless information sharing. They support functional areas, business processes, and decision making within an organization, as well as coordinating business processes with customers, suppliers, and business partners outside the organization's boundaries.
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