Real-time enterprise

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.[2]

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