and Answers
What does PLM software manage? - Answer- Data and processes associated with
various phases of the product lifecycle.
What is Computer-Aided Design (CAD)? - Answer- Software used to assist in the
creation, analysis, and modification of the design of a component or product.
What is Computer-Aided Engineering (CAE)? - Answer- Software used to analyze the
robustness and performance of components and assemblies.
What is Computer-Aided Manufacturing (CAM)? - Answer- Software used to control
tools and machinery in the manufacture of components and products.
What is discrete manufacturing? - Answer- Production of distinct items that can be
decomposed into their basic components, such as autos or furniture.
What is process manufacturing? - Answer- Production of products resulting from a
chemical process that cannot be easily decomposed into basic components, like
gasoline.
How do software companies utilize PLM software? - Answer- To streamline their
product planning and development efforts.
What is a key tip for avoiding failed implementation of enterprise systems? - Answer-
Assign a full-time executive to manage the implementation.
Why is it important to document existing workflows before implementing a new
enterprise system? - Answer- To ensure the system aligns with key stakeholders and
minimizes disruption.
What is the hosted software model for enterprise software? - Answer- A model that
helps customers acquire and use new technology while avoiding complexity and high
start-up costs.
What is a benefit of implementing an enterprise system? - Answer- Creating a highly
integrated set of systems that can lead to many business benefits.
, Why must organizations have access to data across all corporate functions? - Answer-
To help drive decision making.
What should organizations allocate sufficient time and money for during system
transitions? - Answer- Training for users.
What should be kept well-defined during an enterprise system project? - Answer- The
scope of the project, focusing on essential business processes.
What is a potential risk of modifying enterprise system software? - Answer- It may not
conform to the firm's business practices effectively.
What are the basic activities common to all transaction processing systems? - Answer-
Capturing and processing detailed data to update records about fundamental business
operations.
What are some business functions associated with transaction processing systems? -
Answer- Order processing, purchasing, and accounting.
What are the benefits of implementing an enterprise resource planning system? -
Answer- Improved efficiency, better data management, and enhanced decision-making
capabilities.
What is a customer resource management system? - Answer- A system that manages a
company's interactions with current and potential customers.
What is the hosted software model for enterprise systems? - Answer- A cloud-based
approach that allows SMEs to access software applications over the internet.
What challenges do organizations face when implementing enterprise systems? -
Answer- Planning, building, and operating the systems effectively.
What is a tip for avoiding common causes of failed enterprise system implementations?
- Answer- Thoroughly assess organizational needs and ensure proper training for users.
How can data from one function of an organization be used in another? - Answer- By
analyzing data relationships to make informed decisions across different business
functions.
What tools can be used to analyze data in enterprise systems? - Answer- Management
information systems, decision support systems, and knowledge management systems.
What is a transaction processing system (TPS)? - Answer- A system that captures and
processes detailed data to update records about business operations.