TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
IDIS 344 Exam 1 johnson Study Guide
with Complete Solutions
ERP System - ✔️✔️Correct-Integrates finances, manufacturing, and HR into single
computer system; look for cost and functionality
ERP acronym - ✔️✔️Correct-Enterprise Resource Planning
Why ERP - ✔️✔️Correct-STREAMLINES business
improves efficiency
reduce cost
helps with stratification
integrates all aspects of oper.
ERP tracks - ✔️✔️Correct-products, salesforce, customers, vendors, financials, analytics
ERP is NOT - ✔️✔️Correct-not autopilot for businesses, not substitute for knowledge and
experience
adv of erp for dist - ✔️✔️Correct-**complete situational awareness of all operations**
improves op eff
reduces cost & inc profit
integrates
ERP cycle - ✔️✔️Correct-item ordered
item received
1/15
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
item into inventory
item sold
1. inventory mgmt..
2. inven control.. - ✔️✔️Correct-1. tracks vendors and generates AP
2. tracks items and produces analytics, generates AP cust strat track sales
3 trends driving growth in the wholesale distribution industry - ✔️✔️Correct-1. investment
in tech
2. renewed focus on basics (blocking and tackling)
3. e-commerce
what to do before implementing new tech - ✔️✔️Correct-1. conduct SWOT (strength,
weakness, oppur, threats) analysis
2. develop implementation plan
3. determine ROI
4. get buy in from employees
5. budget completely
6 .stay with it
GOLDILOCKS theory of inventory mgmt - ✔️✔️Correct-Don't stock too little or too much,
stock just the right amount
inventory mgmt is a combo of 2 things - ✔️✔️Correct-science (tech)
art (knowledge and experience)
factors implementing Inventory mgmt in the real world - ✔️✔️Correct-Market
2/15
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
IDIS 344 Exam 1 johnson Study Guide
with Complete Solutions
ERP System - ✔️✔️Correct-Integrates finances, manufacturing, and HR into single
computer system; look for cost and functionality
ERP acronym - ✔️✔️Correct-Enterprise Resource Planning
Why ERP - ✔️✔️Correct-STREAMLINES business
improves efficiency
reduce cost
helps with stratification
integrates all aspects of oper.
ERP tracks - ✔️✔️Correct-products, salesforce, customers, vendors, financials, analytics
ERP is NOT - ✔️✔️Correct-not autopilot for businesses, not substitute for knowledge and
experience
adv of erp for dist - ✔️✔️Correct-**complete situational awareness of all operations**
improves op eff
reduces cost & inc profit
integrates
ERP cycle - ✔️✔️Correct-item ordered
item received
1/15
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
item into inventory
item sold
1. inventory mgmt..
2. inven control.. - ✔️✔️Correct-1. tracks vendors and generates AP
2. tracks items and produces analytics, generates AP cust strat track sales
3 trends driving growth in the wholesale distribution industry - ✔️✔️Correct-1. investment
in tech
2. renewed focus on basics (blocking and tackling)
3. e-commerce
what to do before implementing new tech - ✔️✔️Correct-1. conduct SWOT (strength,
weakness, oppur, threats) analysis
2. develop implementation plan
3. determine ROI
4. get buy in from employees
5. budget completely
6 .stay with it
GOLDILOCKS theory of inventory mgmt - ✔️✔️Correct-Don't stock too little or too much,
stock just the right amount
inventory mgmt is a combo of 2 things - ✔️✔️Correct-science (tech)
art (knowledge and experience)
factors implementing Inventory mgmt in the real world - ✔️✔️Correct-Market
2/15
