Enterprise Resource Planning (ERP) is a system that is used to combine all of the information or operations of a company into a single unit. one of the most important parts of the ERP system is the central database. Show
The basic goal is to provide one central repository for all information that is shared by all the various ERP facets in order to smooth the flow of data across the organization. The following are common functional areas covered in an ERP System. In many ERP Systems these are called and grouped together as ERP Modules:
The successful implementation of an ERP system will have many advantages :Business integration and Improved Data Accuracy : ERP system is composed of various modules/ sub modules where a module represents a particular business component. If data is entered in one module such as receiving, it automatically updates other related modules such as accounts payable and inventory. This updating occurs at real time i.e. at the time a transaction occurs. Since, data needs to be entered only once at the origin of transaction, the need of multiple entries of the same data is eliminated. Likelihood of duplicate/ erroneous data is, therefore, minimized. The centralized structure of the data base also enable better administration and security provisions, which minimizes loss of sensitive data. Planning and MIS : The various decision support tools like planning engines and simulations functions, form integral part of an ERP system which helps in proper utilization of resources like materials, human resources and tools. Constrained based planning help in drawing appropriate production schedules, thereby improving operation of plant and equipment. As a part of MIS, an ERP system, contains many inbuilt standard reports and also a report writer which produce ad hoc reports, as and when needed. Improved Efficiency and Productivity : In addition to provision of improved planning, ERP system provides a tremendous boost to the efficiency of day to day and routine transactions such as order fulfilment, on time shipment, vendor performance, quality management, invoice reconciliation, sales realization, and cash management. Cycle time is reduced for sales to cash and procurement to pay sequences. Establishment of Standardized Procedures : ERP system is based on processes of international best practices, which are adopted by the organizations during implementation. Department silos are purged and maverick practices are done away with. Because of top down view available to management, chances of theft, fraud and obsolescence are minimized. Flexibility and technology : Due to globalized environment, where production units, distribution centres and corporate offices reside in different countries, organizations need multi currency, multi language and multi accounting modes, in an integrated manner. These provisions are available in most of the ERP systems, particularly in products offered by tier 1 and tier 2 vendors. ERP vendors are also quick to adopt latest technologies, from mainframe to client server to internet. Unlike a bespoke system, Upgrading to latest technology for a running ERP system is uncomplicated, involving mostly adoption of service packs and patches. The Internet is a hyperlink-based system that uses a client/server model. _____ is a good site to develop your professional network. A _____ is a valuable tool that enables a user to find information on the Web by specifying words or phrases known as keywords, which are related to a topic of interest. The world-wide-web uses _____ protocol for transmitting content. Web client software, such as Chrome, Firefox, Internet Explorer, Safari, and Opera, that are used to view Web pages are known as _____. Group of answer choices Sensors that can monitor and report on data about traffic and parking conditions are part of a network of physical objects known as the Internet of Technology. A telecommunications protocol is any material substance that carries an electronic signal to support communications between a sending and receiving device. The Internet Corporation for Assigned Names and Numbers (ICANN) uses companies called _____ to handle the business of registering domain names. accredited domain name registrars When you use your lab computer to access a printer, you are using the local area network (LAN). Which of the following statements is true of network-management software?
With network-management software, a manager on a networked personal computer can scan for viruses. Social journalism or citizen journalism ________. may not be as reliable as mainstream media sources A podcast is a video broadcast over the Internet. A _____ satellite system employs many satellites that are spaced so that, from any point on the Earth at any time, at least one satellite is on a line of sight, each in an orbit at an altitude of less than 1,000 miles. Network management software is a system software that controls the computer systems and devices on a network and allows them to communicate with each other. A telecommunications protocol is any material substance that carries an electronic signal to support communications between a sending and receiving device. _____ consist of standards and tools that streamline and simplify communication among Websites and that promise to revolutionize the way the Web is developed and used for business and personal purposes. _____ is a process for driving traffic to a Web site by using techniques that improve the site’s ranking in search results. Search engine optimization _____ is a markup language designed to transport and store data on the Web. Extensible Markup Language (XML) Domain names must always have at least _____ parts, with each part separated by a dot (period). You wish to learn a programming language that can be used on any computer. What language would it be? Social journalism or citizen journalism ________. may not be as reliable as mainstream media sources Video content can be placed on the Internet using the same approach as a blog. In a _____, all network devices are connected to a common backbone that serves as a shared communications medium. When you are looking for a 'hotspot', you are searching for _____. The Transmission Control Protocol (TCP) is responsible for managing IP addresses and Internet domain names. There is no way a manufacturing firm would implement an Internet of Things because the risk of hacking is far too high. Java allows small programs, called _____, to be embedded with an Hypertext Markup Language (HTML) document. _____ consist of standards and tools that streamline and simplify communication among Websites and that promise to revolutionize the way the Web is developed and used for business and personal purposes. _____ refers to a computing environment where software and storage are provided as an Internet service and accessed with a Web browser. _____ is a good site to develop your professional network. To successfully implement a supply chain management system, an organization must be able to integrate its systems with its suppliers. Implementation of an enterprise resource planning (ERP) system provides an organization with an opportunity to also upgrade the information technology that it uses. Group of answer choices A designer would use computer aided manufacturing (CAM) to create, analyze, and modify the design of a component. Group of answer choices It is acceptable to for transaction processing systems to capture inaccurate data. Organizations frequently need to customize a vendor's enterprise resource planning (ERP) software to integrate other business systems. In an organization, a transaction processing system (TPS) supports routine operations associated with its business processes. In the context of purchasing systems involved in the traditional transaction processing systems, when a(n) _____ arrives from a supplier, it is matched to the original order and the receiving report, and a check is generated if all data is complete and consistent. The information about invoices to customers is tracked by ____ system. transaction processing system In the context of enterprise resource planning (ERP) systems, the most efficient and effective ways to complete a business process are called _____. Transaction processing systems (TPSs) provide valuable input to management information systems, decision support systems, and knowledge management systems. The bill of materials (BOM) serves as a recipe of ingredients needed to make each item an organization manufactures. When there is a delay between an event and the eventual processing of the data, it is called batch processing. Group of answer choices A customer relationship management (CRM) system helps a company to plan, execute, and control all the activities involved in raw material sourcing and procurement, conversion of raw materials to finished products, and the warehousing and delivery of finished product to customers. A designer would use computer aided manufacturing (CAM) to create, analyze, and modify the design of a component. Legacy systems typically run on the latest hardware. Purchasing uses information from the _____ to place purchase orders for raw materials with qualified suppliers materials requirement plan A(n) _____ is central to individuals and organizations of all sizes and ensures that information can be shared across all business functions and all levels of management to support the running and managing of a business. Group of answer choices An enterprise system ensures that information can be shared with all authorized users in different functional. Entering textual data in place of numeric data will result in rejection of the transaction. In an organization, a transaction processing system (TPS) supports routine operations associated with its business processes. Entering textual data in place of numeric data will result in rejection of the transaction. Enterprise systems use multiple databases aimed at different business units. _____ is the use of software to assist in the creation, analysis, and modification of the design of a component or product. _____ involves reentering data that was not typed or scanned correctly. Smaller lot sizes from vendors will help reduce the purchasing complexities for the consumer. Which of the following transactions definitely require online transaction processing and cannot work on batch processing approach? A key feature of an enterprise system is that _________. it employs a database of key operational and planning data that can be shared by all Manufacturing enterprise resource planning (ERP) systems follow a systemic process for developing a production plan that starts with _______ to develop an estimate of future customer demand. Legacy systems typically run on the latest hardware. It is acceptable to for transaction processing systems to capture inaccurate data. Business analytics can be used only for forecasting future business results. Creative data scientists - a key component of BI efforts in an organization - are people who are primarily focused on coming up with novel ways of analyzing data. The coefficient of determination, r squared, is ____. a number that indicates how well data fits the statistical model Data within the data cube has been ______ by specific dimensional values. The data for BI (business intelligence) comes from many sources. Mastery over which subject is NOT required for being a data scientist? Which of the following is IBM's BI product? From which vendor is the BI product Business Objects available? Which of the following is NOT a commonly used BI tool? automated customer service Which of the following is a potential disadvantage with self-service BI? Can lead to over spending on unapproved data sources and business analytics tools. A vehicle routing optimization system helps in maximizing the number of drivers being assigned. Suppose management wishes to start a BI project at your new job. Which of following will you recommend as the first step? Clarify business goals and design a project plan For an organization to get real value from its BI efforts, it must have a solid data management program. You are to advise XYZ so that their BI efforts are fruitful. Which among the following is the most crucial advice of all? There must be strong commitment from the management Data within the data cube has been ______ by specific dimensional values. Suppose your university administrators wish to summarize student GPA on Major, Gender, High School, Home City and ZIP Code dimensions. This cannot be done with one data cube. Group of answer choices What is the projected shortage of data scientists in the USA, according to a McKinsey & Co. report? Data mining is used to explore large amounts of data, looking for hidden patterns that can be used to predict future trends and behaviors. Which of the following is NOT a key capability of BI tools? Group of answer choices ability to provide advice to the user on which model best suits the data Business analytics can be used only for forecasting future business results. To solve the product mix problem that will maximize the profits, you can use Excel's Solver add-in. Data mining is used to explore large amounts of data, looking for hidden patterns that can be used to predict future trends and behaviors. Which of the following is IBM's BI product? Suppose you are viewing a database of your monthly expenses, categorized under broad headings such as food, entertainment and accommodation. If you have drill down ability, you are able to view details under each category. During modeling of the CRISP-DM method, we would ______. apply selected modeling techniques If you wish to have a visual depiction of relative frequencies of words in a document, a word cloud would be an appropriate option. Which of the following is NOT a component of a KPI (key performance indicator)? For an organization to get real value from its BI efforts, it must have a solid data management program. In the regression line Y = a+ bX + e, Y is the value of the independent variable. The coefficient of determination, r squared, is ____. a number that indicates how well data fits the statistical model Bioinformatics has been used to help map the human genome and conduct research on biological organisms. Executives at Southwestern Construction have noticed that the company's construction team in the Phoenix office is more efficient with its resources than the other teams in the Las Vegas, Salt Lake, and Santa Fe offices. They decide to construct a knowledge management system that will allow the Phoenix team's methods to be shared with the other three offices. As a means of convincing the other teams to adopt the new methods, they develop an incentive program that allows team members to earn a percentage of the money they save on each project. This is related to which phase of knowledge management project implementation? getting employees to buy in To avoid potential bottlenecks and delays in accurately applying and implementing changes in business rules, many organizations use business rule management software. _____ include the people, procedures, hardware, software, data, and knowledge needed to develop computer systems and machines that can simulate human intelligence processes including learning, reasoning, and self-correction. Group of answer choices Artificial intelligence systems Best Value Hardware Stores, a national chain, has established strict policies about the conditions under which a customer can return merchandise. These policies are an example of: __________. Executives at Southwestern Construction have noticed that the company's construction team in the Phoenix office is more efficient with its resources than the other teams in the Las Vegas, Salt Lake, and Santa Fe offices. They decide to construct a knowledge management system that will allow the Phoenix team's methods to be shared with the other three offices. Which general benefit are they hoping to gain from this new system? leveraging the expertise of people across the organization The _____ stores all relevant information, data, rules, cases, and relationships that an expert system uses. When audio files are played while they are being downloaded from the Internet, it is called streaming audio. _____ has the potential to superimpose digital data over real photos so that GPS maps can be combined with real pictures of stores and streets to help people locate their position. Namaste Yoga Studio's website is a great example of multimedia because it uses text, photos, graphics, and video to communicate the message of the studio's owners. Virtual reality simulations require special interface devices that transmit the sights, sounds, and sensations of the simulated world to the user. Robotics involves developing mechanical or computer devices that can paint cars, make precision welds, and perform tasks that require a high degree of precision or are tedious or hazardous for humans. An international package shipping company like FedEx needs to be able to track the location of every package at every stage in the process, from pick-up to delivery. Which specific type of software would be useful in this situation? In an expert system, the _____ is the component that delivers the expert advice. _____ is a popular and sophisticated software package that can be used to edit photographs and other visual images. Artificial intelligence involves the development of machines and computer systems that can simulate human intelligence processes. Executives at Southwestern Construction have noticed that the company's construction team in the Phoenix office is more efficient with its resources than the other teams in the Las Vegas, Salt Lake, and Santa Fe offices. They decide to construct a knowledge management system that will allow the Phoenix team's methods to be shared with the other three offices. As a means of convincing the other teams to adopt the new methods, they develop an incentive program that allows team members to earn a percentage of the money they save on each project. This is related to which phase of knowledge management project implementation? getting employees to buy in The overall purpose of an inference engine is to seek information and relationships from the knowledge base and to provide answers, predictions, and suggestions similar to the way a human expert would. Sophisticated computer systems require an extension of understanding visual images. This is called a _____ system. _____ has the potential to superimpose digital data over real photos so that GPS maps can be combined with real pictures of stores and streets to help people locate their position. In some cases, metadata—the data that describes other data—is more important than the data itself. Expert systems use heuristics to arrive at conclusions or make recommendations. You work for a manufacturing business. Your employer uses a model for selecting the supplier for the raw materials. They wish to become more responsive so that changes in the internal decision model can be quickly implemented in the systems. What is an appropriate recommendation? Group of answer choices Install a Business Rules management system and interface it to the Supply chain management system An expert system, using the explanation facility, can indicate all the facts and rules that were used in reaching a conclusion. Namaste Yoga Studio's website is a great example of multimedia because it uses text, photos, graphics, and video to communicate the message of the studio's owners. A group of people with common interests who come together to create, store, and share knowledge of a specific topic is known as a community of practice. The haptic interface relays the sense of _____ in the virtual world. _____ is a popular and sophisticated software package that can be used to edit photographs and other visual images. Knowing the best way to negotiate with a foreign government about a volatile hostage situation is an example of _____ knowledge. _____ is a wide range of adaptive and rehabilitative devices to help people with disabilities perform tasks that they were formerly unable to accomplish or had great difficulty accomplishing. Is it acceptable for transaction processing systems to capture inaccurate data?The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and build effective and efficient marketing campaigns is known as contact management. It is acceptable to for transaction processing systems to capture inaccurate data.
What type of system employs a database of key operational and planning data that can be shared by all?Which of the following is true about an enterprise system? It employs a database of key operational and planning data that can be shared with authorized users across the organization.
When there is a delay between an event and the eventual processing of the data it is called batch processing group of answer choices True False?When there is a delay between an event and the eventual processing of the data, it is called batch processing. The main difference between batch processing and online transaction processing is in the timely update of data.
Which of the following software can be used to manage the day to day and vital business operations for an entire multisite global organization?An Enterprise Resource Planning (ERP) system is a set of integrated programs that manages the vital business operations for an entire multisite, global organization (Stair & Reynolds, 2012).
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Entering textual data in place of numeric data will result in rejection of the transaction
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