ISDS 351 study guide Exam Questions with 100% Correct
Answers Latest Graded A+
Chapter 8 - ✔✔Default
Goal of ERP system - ✔✔goal is to enable easy access to business data & create
efficient, streamlined work processes
how is goal of ERP system achieved - ✔✔achieved by building one single
database that is accessed by multiple software modules---- provide support for key
business functions for diff areas of an organization
ERP databases (3): - ✔✔1. production and supply chain management
2. customer relationship management & sales ordering
3. financial and managerial accounting
Benefits of ERP systems - ✔✔1. Improved access to Quality data for operational
decision making
2. Improvement of work processes.
Tier 1 vendors - ✔✔- target large multinational firms w/ multiple locations --
annual revenue in excess of 1 bill
- solutions: highly complex & expensive to implement & support; implementation
- multiple locations -take yrs
- primary vendors are Oracle & SAP
Tier II vendors - ✔✔- target medium-sized firms w/ annual revenue ($50 mill to $1
bill) - operating out of 1 or more locations
- solutions: much less complex & less expensive to implement & support
- two dozen or more vendors (Oracle, SAP, Microsoft, Infor, Epicor, & Lawson)
, Tier III vendors - ✔✔- target smaller firms w/ annual revenue ($10 mill to $50
mill) -typically operate out of a single location
- solutions: comparatively easy & inexpensive to implement & support
- dozens of vendors (ABAS, Bluebee Software, Cincom Systems, Compiere, ESP
Technologies, Frontier Software, GCS Software, Microsoft, Netsuite, PDS, Plex,
& Syspro)
*****Many of the tier I and tier II vendors also offer solutions for smaller
firms***
ERP Customization - ✔✔- Organizations customize an ERP software to:
a. Integrate other business systems
b. Add data fields or change field sizes
c. Meet regulatory requirements
- Open-source ERP systems allow organizations to modify the source code to meet
their needs
Open source software - ✔✔- an alternative to contracting w/ service organizations
to customize an ERP system, many organizations elect to implement
systems from vendors such as Compiere.
- W/ this software, organizations can see & modify source code to customize - to
meet their needs.
- Such systems are much less costly to acquire & are relatively easy to modify to
meet changing business needs.
Supply chain Management - ✔✔planning, execution, & control of all activities
involved in raw material sourcing & procurement, conversion of raw materials to
finished products, warehousing & delivery of finished products to customers.
Answers Latest Graded A+
Chapter 8 - ✔✔Default
Goal of ERP system - ✔✔goal is to enable easy access to business data & create
efficient, streamlined work processes
how is goal of ERP system achieved - ✔✔achieved by building one single
database that is accessed by multiple software modules---- provide support for key
business functions for diff areas of an organization
ERP databases (3): - ✔✔1. production and supply chain management
2. customer relationship management & sales ordering
3. financial and managerial accounting
Benefits of ERP systems - ✔✔1. Improved access to Quality data for operational
decision making
2. Improvement of work processes.
Tier 1 vendors - ✔✔- target large multinational firms w/ multiple locations --
annual revenue in excess of 1 bill
- solutions: highly complex & expensive to implement & support; implementation
- multiple locations -take yrs
- primary vendors are Oracle & SAP
Tier II vendors - ✔✔- target medium-sized firms w/ annual revenue ($50 mill to $1
bill) - operating out of 1 or more locations
- solutions: much less complex & less expensive to implement & support
- two dozen or more vendors (Oracle, SAP, Microsoft, Infor, Epicor, & Lawson)
, Tier III vendors - ✔✔- target smaller firms w/ annual revenue ($10 mill to $50
mill) -typically operate out of a single location
- solutions: comparatively easy & inexpensive to implement & support
- dozens of vendors (ABAS, Bluebee Software, Cincom Systems, Compiere, ESP
Technologies, Frontier Software, GCS Software, Microsoft, Netsuite, PDS, Plex,
& Syspro)
*****Many of the tier I and tier II vendors also offer solutions for smaller
firms***
ERP Customization - ✔✔- Organizations customize an ERP software to:
a. Integrate other business systems
b. Add data fields or change field sizes
c. Meet regulatory requirements
- Open-source ERP systems allow organizations to modify the source code to meet
their needs
Open source software - ✔✔- an alternative to contracting w/ service organizations
to customize an ERP system, many organizations elect to implement
systems from vendors such as Compiere.
- W/ this software, organizations can see & modify source code to customize - to
meet their needs.
- Such systems are much less costly to acquire & are relatively easy to modify to
meet changing business needs.
Supply chain Management - ✔✔planning, execution, & control of all activities
involved in raw material sourcing & procurement, conversion of raw materials to
finished products, warehousing & delivery of finished products to customers.
