Exam 8: Enterprise Resource Planning

The SAP ERP ____ software module supports managerial decision making by assigning manufacturing costs to products and cost centers for analysis of the organization's profitability.

The SAP ERP ____________________ software module automates the various activities in SAP ERP; performs task flow analysis,and prompts employees via e-mail if they need to take action.

The availability of industry-specific ERP solutions provides an opportunity to improve the speed and likelihood of a successful ERP implementation.

____________________ represent the most efficient and effective way of accomplishing a task,based on procedures that have proven themselves repeatedly over a long period of time.

The SAP ERP ____ software module manages the acquisition of raw materials from suppliers and the subsequent handling of raw materials from storage to work-in-progress goods to the shipping of finished goods to the customer.

ERP project ___________________ must attempt to deliver a solution that meets specific scope,cost,time,and quality goals while managing the expectations of the project stakeholders.

A Deloitte Consulting survey of 64 Fortune 500 companies revealed that two in four confessed to an actual drop in performance for some period of time after their ERP system went live.

The high cost of ERP software licenses has traditionally kept SMBs with small IT budgets from taking advantage of these powerful applications.

The SAP ERP ____ software module supports planning and control for new R&D,construction,and marketing projects.

Explain the importance of financial data.

____________________ business processes must be tested from start to finish.

The ____________________ involves the flow of materials,information,and dollars as they move from supplier to manufacturer to wholesaler to retailer to supplier.

Simple ____________________ is calculated by dividing the value of the net benefits directly associated with a project by the costs associated with the project.

In the supply chain,the ____ process is responsible for determining the demand for your products taking into account all the factors that can affect that demand.

Most ERP software packages are designed so that an organization has to implement the entire package.

The SAP ERP ____ software module maintains and allows access to customer information (pricing,shipping information,billing procedures,etc).

Explain the software as a service (SaaS)model.

Organizations using open source software get the same level of support that they would receive from commercial software providers from the user community.

The goal of an ERP system is to enable easy access to business data and to create efficient,streamlined work processes

An effective ERP system enables people in various organizational units to access and update the same information based on ____ levels assigned within the system.