BUS4 188 MIS Midterm 2 With 100%
Correct And Verified Answers
CHAPTER 6 - Correct Answer-
Bill of Materials - Correct Answer-Internal
document for production. It records what
material/components used, which trigger
inventory change.
Customer Relationship Management (CRM) -
Correct Answer-Several software's that
handle customer relationship management.
They are used by ERP. A system that help
oversee CUSTOMER SERVICE, SALES,
MARKETING and SUPPORT.
Digital Dashboard - Correct Answer-An
approach to build a portal that displays key
data and graphs on one page. The page
retrieves data from a data warehouse, the
Internet, or even machines within a factory
and displays graphs and warnings. Toolkits
exist to help build this digital dashboard. The
older term for this approach is an executive
information system (EIS). Figure 6.30 shows
a sample digital dashboard that with various
charts designed to provide a quick overview
of several key functions.
Vendarsol
,Enterprise Resource Planning (ERP) - Correct
Answer-A software that makes it possible for
managers and executives to get a complete
up-to-date picture of the entire company.
Equally important, this level of integration
makes it possible to change the way the
company operates. Instead of relying on mass
production to lower costs, companies can
focus on the customer and the market.
Integrating accounting, production, sales,
and employee data makes it easier to identify
bottlenecks, identify and reward the best
employees, and gain a competitive advantage.
Instant feedback provides a tool to instantly
react and create an action plan.
Electronic Data Interchange (EDI) - Correct
Answer-Collect and exchange data from
outside the firm from other organizations.
This is one of the four systems to collect data.
The others are point of sale POS, Process
control, and via the web to gather customer
input.
Extensible Markup Language (XML) - Correct
Answer-Designed for STORING and
TRANSPORTING data, such as RSS feeder
(blogs).
Vendarsol
, A document that tags and indicate the type of
data contained within the document. The
document can have a hierarchical structure
similar to the EDI standards, such as Order -
OrderItem - Product.
This standard is relatively expensive to
implement because it often requires
customized programming on both ends
(client/server or customer/business.)
Just-in-Time Inventory - Correct Answer-
ordering material/parts immediately before
required.
Japanese kerietsu ties to suppliers, Toyota pioneered just-in-time
inventory deliveries. These inventory- and quality-control
measures require considerable communication with suppliers.
Toyota has adopted computer technology to facilitate
communications. Toyota is trying to grow pro-duction capacity
but with an emphasis on flexibility. Using its ties to suppliers and
dealers, the company can increase or decrease production at any
plant on short no-tice. It also tries to standardize vehicle platforms
and keep the line flexible enough so that it can switch each line to
a different product depending on the demand
Mass Customization - Correct Answer-The process of
manufacturing products designed for specific consumers but
using mass-production techniques to keep costs low. It can be
done only if you have an integrated system.
Vendarsol
Correct And Verified Answers
CHAPTER 6 - Correct Answer-
Bill of Materials - Correct Answer-Internal
document for production. It records what
material/components used, which trigger
inventory change.
Customer Relationship Management (CRM) -
Correct Answer-Several software's that
handle customer relationship management.
They are used by ERP. A system that help
oversee CUSTOMER SERVICE, SALES,
MARKETING and SUPPORT.
Digital Dashboard - Correct Answer-An
approach to build a portal that displays key
data and graphs on one page. The page
retrieves data from a data warehouse, the
Internet, or even machines within a factory
and displays graphs and warnings. Toolkits
exist to help build this digital dashboard. The
older term for this approach is an executive
information system (EIS). Figure 6.30 shows
a sample digital dashboard that with various
charts designed to provide a quick overview
of several key functions.
Vendarsol
,Enterprise Resource Planning (ERP) - Correct
Answer-A software that makes it possible for
managers and executives to get a complete
up-to-date picture of the entire company.
Equally important, this level of integration
makes it possible to change the way the
company operates. Instead of relying on mass
production to lower costs, companies can
focus on the customer and the market.
Integrating accounting, production, sales,
and employee data makes it easier to identify
bottlenecks, identify and reward the best
employees, and gain a competitive advantage.
Instant feedback provides a tool to instantly
react and create an action plan.
Electronic Data Interchange (EDI) - Correct
Answer-Collect and exchange data from
outside the firm from other organizations.
This is one of the four systems to collect data.
The others are point of sale POS, Process
control, and via the web to gather customer
input.
Extensible Markup Language (XML) - Correct
Answer-Designed for STORING and
TRANSPORTING data, such as RSS feeder
(blogs).
Vendarsol
, A document that tags and indicate the type of
data contained within the document. The
document can have a hierarchical structure
similar to the EDI standards, such as Order -
OrderItem - Product.
This standard is relatively expensive to
implement because it often requires
customized programming on both ends
(client/server or customer/business.)
Just-in-Time Inventory - Correct Answer-
ordering material/parts immediately before
required.
Japanese kerietsu ties to suppliers, Toyota pioneered just-in-time
inventory deliveries. These inventory- and quality-control
measures require considerable communication with suppliers.
Toyota has adopted computer technology to facilitate
communications. Toyota is trying to grow pro-duction capacity
but with an emphasis on flexibility. Using its ties to suppliers and
dealers, the company can increase or decrease production at any
plant on short no-tice. It also tries to standardize vehicle platforms
and keep the line flexible enough so that it can switch each line to
a different product depending on the demand
Mass Customization - Correct Answer-The process of
manufacturing products designed for specific consumers but
using mass-production techniques to keep costs low. It can be
done only if you have an integrated system.
Vendarsol
