MIS Exam 2 Study Guide Questions
and Answers7
SAP's work with the NBA taught them...? - ANSWERS -how to sell into mom-and-pop businesses,
a market they had previously never touched.
How has the internet changed the way business operate? - ANSWERS --How we market
products and services
-How we process payment
-How we discover new prospects
-Virtual reality driven businesses
-New opportunities for crime
What is ERP? - ANSWERS -Enterprise Resource Planning- ERP software integrates various
functions into one complete system to streamline processes and information across the entire
organization.
Benefits of ERP - ANSWERS --A single database providing superior, real-time, data-driven
decision making
-Automate core business operations such as lead-to-cash, order-to-fulfillment and procure-to-
pay processes.
-Standardizing business processes based on industry best practices
-Reduced operating costs
-Regulatory Compliance
, Challenges of ERP systems - ANSWERS --Adoption- People hate change
-Configuration is very complex
-Changing business processes to fit the system
-The training, time and money that goes into the system
-risks
Legacy System - ANSWERS -Old way of doing things. Reliant on multiple bodies of data and the
communication between them
Enterprise System - ANSWERS -New way of doing things. Combines all data into a more efficient
streamline process.
What does Vanilla mean? - ANSWERS -You only change the configurations. Not Customized
Important to make it happen - ANSWERS --Sponsor
-Driven by business NOT by I.T.
-Experts
-TRANING
-TESTING
Analytics is the process of.... - ANSWERS -making sense of large data sets to make better
decisions
Data Analytics - ANSWERS -is the art and science of examining raw data for the purpose of
gaining insight and drawing actionable conclusions about business problems
Big Data Analytics - ANSWERS -is the process of examining big data to uncover hidden patterns,
unknown correlations and other useful information that can be used to make better decisions
and Answers7
SAP's work with the NBA taught them...? - ANSWERS -how to sell into mom-and-pop businesses,
a market they had previously never touched.
How has the internet changed the way business operate? - ANSWERS --How we market
products and services
-How we process payment
-How we discover new prospects
-Virtual reality driven businesses
-New opportunities for crime
What is ERP? - ANSWERS -Enterprise Resource Planning- ERP software integrates various
functions into one complete system to streamline processes and information across the entire
organization.
Benefits of ERP - ANSWERS --A single database providing superior, real-time, data-driven
decision making
-Automate core business operations such as lead-to-cash, order-to-fulfillment and procure-to-
pay processes.
-Standardizing business processes based on industry best practices
-Reduced operating costs
-Regulatory Compliance
, Challenges of ERP systems - ANSWERS --Adoption- People hate change
-Configuration is very complex
-Changing business processes to fit the system
-The training, time and money that goes into the system
-risks
Legacy System - ANSWERS -Old way of doing things. Reliant on multiple bodies of data and the
communication between them
Enterprise System - ANSWERS -New way of doing things. Combines all data into a more efficient
streamline process.
What does Vanilla mean? - ANSWERS -You only change the configurations. Not Customized
Important to make it happen - ANSWERS --Sponsor
-Driven by business NOT by I.T.
-Experts
-TRANING
-TESTING
Analytics is the process of.... - ANSWERS -making sense of large data sets to make better
decisions
Data Analytics - ANSWERS -is the art and science of examining raw data for the purpose of
gaining insight and drawing actionable conclusions about business problems
Big Data Analytics - ANSWERS -is the process of examining big data to uncover hidden patterns,
unknown correlations and other useful information that can be used to make better decisions
