What is an advantage of an enterprise resource planning ERP system quizlet?
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c. investment and profit centers, but not cost centers Show In investment centers, managers are responsible for all activities, including costs, revenues, and investments. An investment center is a profit center with significant control over the amount of capital invested. This control extends to investments such as receivables and property, plant, and equipment, as well as entry into new markets. A cost center, for example, a production department, is responsible for costs only. A profit center, for example, the appliance department in a retail store, is responsible for both revenues and expenses. b. performing indoor climate control Fuzzy logic is a superset of conventional (Boolean) logic that has been extended to handle the concept of partial truth. Because they use nonspecific terms (membership functions) characterized by well-defined imprecision, fuzzy logic systems can create rules to address problems with many solutions. For example, applying fuzzy logic to indoor climate control may require defining in impressionistic terms and weighting functions such as indoor and outdoor temperature, humidity, and wind conditions. Thus, definitions (e.g., hot, warm, normal, cool, or cold, stated in temperature ranges) may overlap. The resulting rules describe actions to be taken when certain combinations of conditions exist. Fuzzy logic can be used when values are approximate or subjective, objects belong to multiple sets, membership in a set is a matter of degree, and data are incomplete or ambiguous. A company updates the payroll master file at the end of the week. The payroll time cards are transported to the computer center for processing. The sequence of events followed by the computer center in updating its master file should be a. Batching records of transactions, validating input, converting to machine-readable form,
updating the master. 1. Get upper management involvement (not just approval). 2. Spend sufficient time getting all the user requirements (one way management can be involved). 3. Spend sufficient time researching ERP vendors. 4. Understand how much the vendor's software will need to customized to fit your specific employee needs. 5. Try not to change the project scope. 6. Thoroughly explain the need for the ERP to all (upper management to lower employees) 7. Tips for success ERP impleme Recommended textbook solutionsTechnical Writing for Success3rd EditionDarlene Smith-Worthington, Sue Jefferson 468 solutions Edge Reading, Writing and Language: Level CDavid W. Moore, Deborah Short, Michael W. Smith 304 solutions
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Terms in this set (26)What are the 5 benefits of ERP? * 1. Integrate financial information What are the 6 costs/disadvantages of ERP? * 1. Software costs _______ are standard, published operating methods found to produce the best performance and results. * Incorporate 'best practices' (also a benefit of ERP) What are information silos and why are they a bad thing? * Silos are separate information systems for different areas of an organization. There is a need for departments to share information (and reduce redundancies), and therefore enterprise systems (ERPs) are a much preferred method of storing and distributing data throughout an organization. What are the 4 issues that cause implementation projects to fail? * 1. Quickly identify problems _____ group implementation have a few branches of the company test out the ERP IS before implementing it to the whole organization to make sure it's a good decision to make the switch. Pilot _____ implementation starts off at an outer branch and slowly moves the ERP IS inward toward the centralized organization. Phased What is the origin of ERP? * Created to conquer the shortcomings _______ is a tradetional component of ERP and is included in most ERP systems and primarily focuses on internal operations. * Core ERP component _______ are extra components that meet the organizational needs not covered by the core components and primarily focuses on external operations. * Extended ERP component What exactly is ERP? ERP intergrates all departments and functions throughout an organization into a single IS. What is the goal of ERP? The goal is to allow employees to make enterprise-wide decisions by viewing enterprise-wide information on all business operations. Companies implement/use ERP in order to _______ or _______ competitive advantages by making efficient use of resources. Maintain or Gain By gaining a ______, complete picture the business leaders can better respond to the dynamics of the business environment. Top-Down What was MRP? In a manufacturing organization, MRP was used to manage the bill of materials, inventory levels, and purchasing decisions. What were the two main outputs of MRP? 1. A production planning schedule How is ERP better than MRP? ERP systems are information systems that allow an organization to access a synchronized database that strategically connects all aspects of a business. ERP can ______ duplicate data entry efforts, along with the need to reconcile data entered from multiple sources. Eliminate What are the three most common core ERP components? * 1. Accounting
and finance The _______ and ________ component manages accounting data and financial processes within the enterprise. * Accounting and Finance component What are 8 functions of the accounting and finance component of ERP? 1. General ledger The _______ and ________ management component handles the various aspects of production planning and execution such as demand forecasting, production scheduling, job cost accounting, and quality control. * Production and Materials management component The human resource component of ERP tracks employee information including what 5 things? * 1. Payroll What are 4 components of extended ERP? * 1. Business intelligence ________ manages the transportation and storage of goods. E-logistics ________ is the B2B purchase and sale of supplies and services over the internet. E-procurement Students also viewedbrain and behavior quiz 376 terms gyalimary psb 349 terms amelyakey ch 12 mis quiz10 terms McKainortlepp Chapter 12 3950 (EIU)11 terms aharbor19 Sets found in the same folderChapter 12 Quiz MIS Roberts10 terms aldenturner14 MIS Ch. 10, 11, 12, TG3 Quiz Answers38 terms bryan_sanderson9 Week 1. Introduction to MIS43 terms Jbalderas ch 12 mis quiz10 terms McKainortlepp Other sets by this creatorWeek 3. IT Architectures41 terms Jbalderas Lecture 6: Making Persuasive Presentations25 terms Jbalderas Lecture 5: Business Plan Development27 terms Jbalderas Lecture 4: Time Management14 terms Jbalderas Recommended textbook solutionsInformation Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions Service Management: Operations, Strategy, and Information Technology7th EditionJames Fitzsimmons, Mona Fitzsimmons 103 solutions
Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions Service Management: Operations, Strategy, and Information Technology7th EditionJames Fitzsimmons, Mona Fitzsimmons 103 solutions Other Quizlet setsPhysics Chapter 2736 terms shelby_wood61 PRE ACTION, CASE ANALYSIS AND INVESTIGATION55 terms Elisabeth_Fapuro 2nd qtr sacred scripture unit 7 second37 terms Aaron_alonzo34 What is an advantage of an enterprise resource planning ERP system?One of the biggest benefits of ERP is that it's a powerful data hub. An ERP system allows you to collect, store, and analyze data across your operations in one centralized location, providing a single source of truth and the visibility to act more strategically.
Which of the following is an advantage of using ERP?ERP software enables you to be more cost effective through gained efficiencies in these areas (and more): Faster financial close. Improved inventory planning and accuracy. Accurate forecasting.
What is Enterprise Resource Planning ERP )? Quizlet?Enterprise Resource Planning (ERP) Combines departments and functional information systems into a single, integrated software program that runs off a single database so that the various departments can more easily share information and communicate with each other.
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