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Real time enterprise

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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.

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.

    • References

    Real-time enterprise Wikipedia
    (Text) CC BY-SA