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.Though not particularly well defined, generally accepted goals of an RTE include:Reduced response times for partners and customersIncreased transparency, for example sharing or reporting information across an enterprise instead of keeping it within individual departmentsIncreased automation, including communications, accounting, supply chains and reportingIncreased competitivenessReduced costs