The ERP

In 1973, their first commercial product was launched. The SAP R/1, as it was called, offered a common system for multiple tasks. This permitted the use of a centralized data storage, improving the [8] maintenance of the data. From a technical point of view, therefore, a database was necessary. In 1976, "SAP GmbH" was founded, and moved its headquarters the following year to Walldorf. SAP AG became the company's official name after the 2005 annual general meeting. AG is short for Aktiengesellschaft (public limited company). Three years later, in 1979, SAP launched SAP R/2, expanding the capabilities of the system to other [7] areas, such as material management and production planning. In 1981, SAP brought a re-designed product to market. However, SAP R/2 did not improve until the period between 1985 and 1990. SAP developed and released several versions of R/3 in 1992 through 1995. By the mid-1990s, SAP followed the trend from mainframe computing to client/server architectures. The development of SAPs internet strategy with mySAP.com redesigned the concept of business [5] processes (integration via Internet). SAP was awarded Industry Weeks Best Managed Companies in [9] 1999.
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