Question 1

The mining of huge amounts of data to find insights is referred to as?

Accepted Answer

A)  Big data 
B)  Massive information 
C)  Large systems 
D)  Huge insights 
A)  Big data 
B)  Massive information 
C)  Large systems 
D)  Huge insights

Question 2

A key ERP shortcoming is the large initial and add-on expenses associated with the systems.

Accepted Answer

A) True 
 B)False

Question 3

The value of information allows it to often be referred to as an intellectual asset.

Accepted Answer

A) True 
 B)False

Question 4

Suppliers and customers create which type of information flows?

Accepted Answer

A)  Internal 
B)  Corporate 
C)  Environmental 
D)  Effective 
A)  Internal 
B)  Corporate 
C)  Environmental 
D)  Effective

Question 5

SAP refers to (in English)?

Accepted Answer

A)  Systems Analysis and Program Development 
B)  Systems Analysis and Program Department 
C)  Systems Arbitration and Program Development 
D)  Systems Alignment and Program Development 
A)  Systems Analysis and Program Development 
B)  Systems Analysis and Program Department 
C)  Systems Arbitration and Program Development 
D)  Systems Alignment and Program Development

Question 6

Perhaps the most important feature of an MRP II system is what capability?

Accepted Answer

A)  Capacity management planning 
B)  Capacity requirements planning 
C)  Capacity monitoring planning 
D)  Capacity reduction planning 
A)  Capacity management planning 
B)  Capacity requirements planning 
C)  Capacity monitoring planning 
D)  Capacity reduction planning

Question 7

The speed at which information flows from one process to another is referred to as?

Accepted Answer

A)  Information volatility 
B)  Information dispersion 
C)  Information acceleration 
D)  Information velocity 
A)  Information volatility 
B)  Information dispersion 
C)  Information acceleration 
D)  Information velocity

Question 8

Provide a brief overview of the benefits associated with ERP systems. How can a small to medium-size firm overcome the ERP shortcomings to achieve some or all of the benefits?

Accepted Answer

A successful answer will list some or al

Question 9

MRP II systems were weakened because they were unable to interface with all of the following except?

Accepted Answer

A)  A firm's suppliers 
B)  A firm's customers 
C)  Within a department 
D)  A firm's foreign units 
A)  A firm's suppliers 
B)  A firm's customers 
C)  Within a department 
D)  A firm's foreign units

Question 10

What specifies which end product is to be made, how many are required, and when they need to be completed?

Accepted Answer

A)  Master inventory plan 
B)  Master assembly schedule 
C)  Master manufacturing plan 
D)  Master production schedule 
A)  Master inventory plan 
B)  Master assembly schedule 
C)  Master manufacturing plan 
D)  Master production schedule

Question 11

BPM software is often used for?

Accepted Answer

A)  Enhancement of regulatory compliance 
B)  Enhancement of customer service processes 
C)  Enhancement of both regulatory compliance and customer service processes 
D)  Enhancement of neither regulatory compliance nor customer service processes 
A)  Enhancement of regulatory compliance 
B)  Enhancement of customer service processes 
C)  Enhancement of both regulatory compliance and customer service processes 
D)  Enhancement of neither regulatory compliance nor customer service processes

Question 12

The bullwhip effect has been shown to account for as much as how much of a firm's total costs?

Accepted Answer

A)  1% 
B)  5% 
C)  10% 
D)  20% 
A)  1% 
B)  5% 
C)  10% 
D)  20%

Question 13

Outputs from the MRP system include?

Accepted Answer

A)  Purchase orders 
B)  Production orders 
C)  Both purchase orders and production orders 
D)  There are no outputs from MRP systems 
A)  Purchase orders 
B)  Production orders 
C)  Both purchase orders and production orders 
D)  There are no outputs from MRP systems

Question 14

In an ERP context, an existing system could be referred to as a legacy system.

Accepted Answer

A) True 
 B)False

Question 15

MRP-type systems that were in use in the early 1960s could best be described as?

Accepted Answer

A)  Very advanced 
B)  Advanced 
C)  Basic 
D)  Very basic 
A)  Very advanced 
B)  Advanced 
C)  Basic 
D)  Very basic

Question 16

The term ERP was developed in approximately what year?

Accepted Answer

A)  1950 
B)  1970 
C)  1990 
D)  2010 
A)  1950 
B)  1970 
C)  1990 
D)  2010

Question 17

Enterprise systems made from applications purchased from multiple vendors over time may be referred to as?

Accepted Answer

A)  Best-in-class systems 
B)  Mix-and-match systems 
C)  Built-to-order systems 
D)  Best-of-breed systems 
A)  Best-in-class systems 
B)  Mix-and-match systems 
C)  Built-to-order systems 
D)  Best-of-breed systems

Question 18

An information audit does what?

Accepted Answer

A)  Uncovers current information sources 
B)  Uncovers current information uses 
C)  Uncovers both current information sources and uses 
D)  Uncovers neither current information sources nor uses 
A)  Uncovers current information sources 
B)  Uncovers current information uses 
C)  Uncovers both current information sources and uses 
D)  Uncovers neither current information sources nor uses

Question 19

A bicycle is most likely to represent which kind of inventory?

Accepted Answer

A)  Independent demand 
B)  Associated demand 
C)  Dependent demand 
D)  Restricted demand 
A)  Independent demand 
B)  Associated demand 
C)  Dependent demand 
D)  Restricted demand

Question 20

RMS systems, in an ERP context, refer to?

Accepted Answer

A)  Reuse management systems 
B)  Returns management systems 
C)  Repair and maintenance systems 
D)  Replacement management systems 
A)  Reuse management systems 
B)  Returns management systems 
C)  Repair and maintenance systems 
D)  Replacement management systems

The mining of huge amounts of data to find insights is referred to as?

A key ERP shortcoming is the large initial and add-on expenses associated with the systems.

The value of information allows it to often be referred to as an intellectual asset.

Suppliers and customers create which type of information flows?

SAP refers to (in English)?

Perhaps the most important feature of an MRP II system is what capability?

The speed at which information flows from one process to another is referred to as?

Provide a brief overview of the benefits associated with ERP systems. How can a small to medium-size firm overcome the ERP shortcomings to achieve some or all of the benefits?

MRP II systems were weakened because they were unable to interface with all of the following except?

What specifies which end product is to be made, how many are required, and when they need to be completed?

BPM software is often used for?

The bullwhip effect has been shown to account for as much as how much of a firm's total costs?

Outputs from the MRP system include?

In an ERP context, an existing system could be referred to as a legacy system.

MRP-type systems that were in use in the early 1960s could best be described as?

The term ERP was developed in approximately what year?

Enterprise systems made from applications purchased from multiple vendors over time may be referred to as?

An information audit does what?

A bicycle is most likely to represent which kind of inventory?

RMS systems, in an ERP context, refer to?

Operations Management, Processes, and Supply Chain Management

Corporate Strategy, Performance, and Sustainability

Product Design and Development

Process Design and Capacity Management

Customer Relationships and Customer Service

Demand Management, Forecasting, and Aggregate Planning

Independent Demand Inventory Management

Material Flow Analysis and Facility Layouts

Supplement: Job Scheduling and Vehicle Routing

Lean Systems

Managing Customer and Work Flows

Managing Projects

Six Sigma Quality Management

Supplement: Statistical Quality Control

Global Supply Management

Location, Logistics, and Product Returns

Integrating Processes Along the Supply Chain

Filters

Exam 11: Managing Information Flowsmrp and Erp

The mining of huge amounts of data to find insights is referred to as?

A key ERP shortcoming is the large initial and add-on expenses associated with the systems.

The value of information allows it to often be referred to as an intellectual asset.

Suppliers and customers create which type of information flows?

SAP refers to (in English)?

Perhaps the most important feature of an MRP II system is what capability?

The speed at which information flows from one process to another is referred to as?

Provide a brief overview of the benefits associated with ERP systems. How can a small to medium-size firm overcome the ERP shortcomings to achieve some or all of the benefits?

MRP II systems were weakened because they were unable to interface with all of the following except?

What specifies which end product is to be made, how many are required, and when they need to be completed?

BPM software is often used for?

The bullwhip effect has been shown to account for as much as how much of a firm's total costs?

Outputs from the MRP system include?

In an ERP context, an existing system could be referred to as a legacy system.

MRP-type systems that were in use in the early 1960s could best be described as?

The term ERP was developed in approximately what year?

Enterprise systems made from applications purchased from multiple vendors over time may be referred to as?

An information audit does what?

A bicycle is most likely to represent which kind of inventory?

RMS systems, in an ERP context, refer to?

Operations Management, Processes, and Supply Chain Management

Corporate Strategy, Performance, and Sustainability

Product Design and Development

Process Design and Capacity Management

Customer Relationships and Customer Service

Demand Management, Forecasting, and Aggregate Planning

Independent Demand Inventory Management

Material Flow Analysis and Facility Layouts

Supplement: Job Scheduling and Vehicle Routing

Lean Systems

Managing Customer and Work Flows

Managing Projects

Six Sigma Quality Management

Supplement: Statistical Quality Control

Global Supply Management

Location, Logistics, and Product Returns

Integrating Processes Along the Supply Chain

Filters