IIBM – Enterprise Resource Planning_1 Answer sheet

Multiple Choices:

1. Enterprise Resource Planning is
2. Computer System
3. Manufacturing organization
4. Method of effective planning of all the resources in an organization
5. None of the above

1. Enterprise Resource Planning vendors are those people
2. Who are experts in the administration and management of projects
3. Who has developed the ERP packages
4. Who uses the ERP system
5. None of the above

1. Interviewing and cost justification are tools and techniques of
2. Design step of ERP
3. Implementation step of ERP
4. Requirement analysis of ERP
5. Planning step of ERP

1. Support re-engineering processes to fit the software systems\’ best practice is the approach of
2. Re-engineering approach
3. Customizing approach
4. Rational approach
5. None of the above

1. The process of tracking customer contacts and providing the customer with a price quote is
2. Inventory sourcing
3. Sales order processing
4. Pre-sales
5. None of the above

1. The difficulty in creating an audit trail of transactions when multiple transactions use multiple databases is associated with
2. Product profitability sub-system
3. Finished goods inventory sub-system
4. Management reporting sub-system
5. Creating an audit trail sub-system

1. Differences occur between standard costs and actual costs is the problem associated with
2. Accounting
3. Production
4. Purchasing / Materials Management
5. None of the above

1. MRP in Enterprise resource planning stands for
2. Maximum retail price
3. Material requirement planning
4. Management requirement planning
5. None of the above

1. The process of providing the status of the purchase order comes in the category of
2. Purchase order follow-up
3. Source determination
4. Determine requirement
5. Invoice verification

1. Resource failure occurs when
2. People clash
3. Inability to communicate with the system user
4. Poor specification of requirements
5. Conflicts of people, time, and project scope due to insufficient personnel

Part Two:

1. What are the advantages of the re-engineering method of implementing ERP?
2. What are the benefits reported from implementing ERP?
3. Write a short note on “Credit Management”.
4. Define Material Requirements Planning.
5. What factors should it use to evaluate each of these potential hosts?
6. What controls should be in place to monitor the hosting arrangement?
7. Identify potential sources of software.
8. Determine five criteria you will recommend be used to evaluate each of the alternative providers.

1. Explain in brief the Sales and Marketing Modules in the ERP System.
2. What are the different development processes in ERP systems and write a detailed note on it?

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