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A Learning Management System (LMS) is web based system that facilitittes the content delivery to learners anytime and anywhere. It has inventory of courses available along with the qualification criterio. It also maintainas the learners data base along with the scores.

LMS allows student registration, delivery and tracking of e-learning courses, student assessment, and management of the instructor-led training classes. LMS permit competency management, skills-gap analysis, succession planning. Resource allocation to projects, certifications, and effective resource utilisation. (venues, rooms, textbooks, instructors, etc.). Most systems allow for learner self-service, facilitating self-enrollment, and access to courses.
Why you need LMS
  An LMS or learning management system is traditionally a software solution designed specifically for training departments to improve administration, automation, communication and centralization of information. These departments, whether for-profit training companies or corporate training departments have many of the same requirements.
Administration: The core reason is to manage and administer the learning function itself: classroom, enrollments, course catalog and instructors.
Facilitating learning: The second reason is to facilitate E-learning. LMSs can be used as a platform and a tool set to build and manage e-learning programs.
Enterprise-wide solution: No longer just a system for the learning department, now the LMS often used by organizations
Talent management: Fourth, there’s a new talent management trend coming, where LMS systems are used to aid succession planning, performance management systems, performance appraisals, establishing goals and employee assessments as well as learning and development plans. Key technology trends and features support these top reasons to buy.
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