IIBM – Enterprise Resource Planning_1 Answer sheet
IIBM – Enterprise Resource Planning_1 Answer sheet
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Multiple Choices:
- Enterprise Resource Planning is
- Computer System
- Manufacturing organization
- Method of effective planning of all the resources in an organization
- None of the above
- Enterprise Resource Planning vendors are those people
- Who are experts in the administration and management of projects
- Who has developed the ERP packages
- Who uses the ERP system
- None of the above
- Interviewing and cost justification are tools and techniques of
- Design step of ERP
- Implementation step of ERP
- Requirement analysis of ERP
- Planning step of ERP
- Support re-engineering processes to fit the software systems\’ best practice is the approach of
- Re-engineering approach
- Customizing approach
- Rational approach
- None of the above
- The process of tracking customer contacts and providing the customer with a price quote is
- Inventory sourcing
- Sales order processing
- Pre-sales
- None of the above
- The difficulty in creating an audit trail of transactions when multiple transactions use multiple databases is associated with
- Product profitability sub-system
- Finished goods inventory sub-system
- Management reporting sub-system
- Creating an audit trail sub-system
- Differences occur between standard costs and actual costs is the problem associated with
- Accounting
- Production
- Purchasing / Materials Management
- None of the above
- MRP in Enterprise resource planning stands for
- Maximum retail price
- Material requirement planning
- Management requirement planning
- None of the above
- The process of providing the status of the purchase order comes in the category of
- Purchase order follow-up
- Source determination
- Determine requirement
- Invoice verification
- Resource failure occurs when
- People clash
- Inability to communicate with the system user
- Poor specification of requirements
- Conflicts of people, time, and project scope due to insufficient personnel
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Part Two:
- What are the advantages of the re-engineering method of implementing ERP?
- What are the benefits reported from implementing ERP?
- Write a short note on “Credit Management”.
- Define Material Requirements Planning.
- What factors should it use to evaluate each of these potential hosts?
- What controls should be in place to monitor the hosting arrangement?
- Identify potential sources of software.
- Determine five criteria you will recommend be used to evaluate each of the alternative providers.
- Explain in brief the Sales and Marketing Modules in the ERP System.
- What are the different development processes in ERP systems and write a detailed note on it?
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