IDIS 344 EXAM 1 Correctly Answered Questions| UpToDate | Already Graded A+

What are the two primary factors Distributors use to determine pricing and discount setup. : PRODUCTS CUSTOMERS (also vendors) Who normally gets the best price and why? : Charge customers normally get the best discounts because you're building trust in an established relationship. And expect return business from them. Next discount goes to cash customers, and the least discount goes to new customers. There are various sales order types for the Infor Distributionsuite ERP. Which type does not allocate inventory and why? : A quote. A quote does not allocate stock because it is only a potential order not an actual order. Davis Duren's guest lecture talks about "filtering" your decisions. what did he describe as your filter. 2 | P a g e : Your personal CORE VALUES are what you should always filter your decisions through to make sure you're making the best decision for yourself Summary of Davis Duren's lecture : Creating your own unique value Always selling yourself to people value proposition - leaving your mark Core values "your filter" Distinguishing you, your business, and your value. Leadership disciplines - consistent and effective communication visionary thinking embrace criticism embody culture respect the dignity of people fight hard for whats right respect effort and honor achievement don't quit on objectives Inventory management is described as a combination of what two things? : Art - (Industry knowledge and experience) Science - (Technology and the ERP) 3 | P a g e What are some reasons you would not order the recommended order quantity (ROQ) provided by your ERP system? : SEASONAL MARKET & ECONOMY