IDIS 344 EXAM 1 GUARANTEED A+
ERP ✔️enterprise resource planning
biggest threat in cybersecurity ✔️employees
who is most responsible for cybersecurity? ✔️decision maker
"goldilocks" theory ✔️stock just the right amount of inventory
3 tiers of product catalog ✔️section, group, category
upselling ✔️selling associated products, upgrades or add-ones to make a profitable sale
cost ✔️what distributor pays for item
price ✔️what customer pays for item
markup ✔️difference between price & cost
table files ✔️user defined set of parameters used by system
market cost ✔️higher than replacement to allow for fudge factor
replacement cost ✔️cost of item from vendor
weighted average cost ✔️true cost of inventory; recalculated when purchase order is received
, what is the heart of any ERP system? ✔️inventory control & management
customer item visibility ✔️customer's understanding of how much an item costs
purchase order ✔️how you buy from vendor
sales order ✔️how customer buys from you
what determines at least 1/2 of a firm's profitability situation? ✔️pricing decision-making process
3 C's of pricing ✔️cost, competition, customer
gross margin dollars ✔️total gross margin dollars generated by each customer over a certain period of
time
price sheet master 3 prices ✔️manufacturer's list, our list, trade
price sheet master 2 costs ✔️market & replacement
where does price from sales order come from? ✔️pricing hierarchy
hierarchy is set of _________ inputted by user that include various discount options ✔️guidelines
price comes from calculation of- ✔️discount profile
cost comes from- ✔️table file
activities employed in maintaining optimum number of each inventory item; objective is to provide
uninterrupted production, sales & CSLs at minimum cost ✔️inventory management
ERP ✔️enterprise resource planning
biggest threat in cybersecurity ✔️employees
who is most responsible for cybersecurity? ✔️decision maker
"goldilocks" theory ✔️stock just the right amount of inventory
3 tiers of product catalog ✔️section, group, category
upselling ✔️selling associated products, upgrades or add-ones to make a profitable sale
cost ✔️what distributor pays for item
price ✔️what customer pays for item
markup ✔️difference between price & cost
table files ✔️user defined set of parameters used by system
market cost ✔️higher than replacement to allow for fudge factor
replacement cost ✔️cost of item from vendor
weighted average cost ✔️true cost of inventory; recalculated when purchase order is received
, what is the heart of any ERP system? ✔️inventory control & management
customer item visibility ✔️customer's understanding of how much an item costs
purchase order ✔️how you buy from vendor
sales order ✔️how customer buys from you
what determines at least 1/2 of a firm's profitability situation? ✔️pricing decision-making process
3 C's of pricing ✔️cost, competition, customer
gross margin dollars ✔️total gross margin dollars generated by each customer over a certain period of
time
price sheet master 3 prices ✔️manufacturer's list, our list, trade
price sheet master 2 costs ✔️market & replacement
where does price from sales order come from? ✔️pricing hierarchy
hierarchy is set of _________ inputted by user that include various discount options ✔️guidelines
price comes from calculation of- ✔️discount profile
cost comes from- ✔️table file
activities employed in maintaining optimum number of each inventory item; objective is to provide
uninterrupted production, sales & CSLs at minimum cost ✔️inventory management
