IDIS 344 Exam Questions Answered Correctly Latest Version Fully Solved

IDIS 344 Exam Questions Answered Correctly Latest Version Fully Solved challenges for distributors - Answers embrace tools that can help customers save money increase their efficiency customers won't likely go back to the ways things were before the pandemic resisting technology hurt distributors during covid 4 ways distributors are using technology to meet challenges - Answers strategic interactions increased efficiency forecast customer needs break down the distance with technology do customers determine if its a value added servicevalue-added - Answers true each distributor will have what support functions - Answers IT performance management human resources finance what is the heart and central nervous system for a distributors operations - Answers ERP (enterprise resource planning) what is the face of the customer and provide personality - Answers CRM (customer relationship managment) what gives the distributor a voice to communicate with both its customers and employees - Answers social media what gives the customers a choice on how they buy from you and helps distributors remain competitive - Answers e-commerce what are two traditional order processing issues - Answers customer service impacts lacks integration **** there are more ERP allows you to track - Answers products salesforce customers vendors financials provides analytics for informed decision making cybersecurity is - Answers the practice of protecting critical systems and sensitive information from digital attacks cybersecurity threats - Answers attackers script kiddies hacktivists advanced persistent threats insider threat supply chain security issues - Answers ... What are the 5's - Answers source stock store sell ship what are the support services of supply chain planning - Answers information technology human resource management finance management before implementing new technology - Answers conduct a SWOT analysis develop an implementation plan determine ROI and measurable objectives get buy in from employees (MOST IMPORTANT) ensure that you budget completely- training and maintenance (WHERE MOST TECH. FAILS) stay the course why do we need an erp system - Answers ... what capabilities will an erp system have - Answers orders processing pricing inventory control sales analysis general ledger accounts receivable accounts payable truck routing transfers receiving purchasing inventory management cloud suite distribution erp advantages - Answers ease of use integration flexibility ease of access cloud suite distribution erp provides - Answers efficient and effective management monitoring and analysis of all facets of a distribution company manage from local branch to the entire enterprise Setup of a cloud suite erp - Answers ... goldilocks theory of inventory management - Answers Don't stock too little inventory Don't stock too much inventory Stock just the right amount of inventory factors impacting inventory management - Answers market economy competition vendors customers mother nature man-made events cost is - Answers what you pay for an item price is - Answers what your customers pays for an item markup is - Answers the difference between what you pay for an item and how much you charge a customer for the item what is the #1 advantage of an erp system to a distributor - Answers complete situational awareness of all operations gross margin - Answers (price-COGS)X100 / revenue impact of ecommerce on pricing - Answers Need for price transparency More difficult to compete purely on price Have to do your 'homework' to get it right Loyalty and relationships become more important Value-added services become more crtical replacement cost - Answers cost of the item from the vendor (what I paid for it) doesn't reflect 'true' cost of an item have to makeup actual costs in another way most distributors will not use this a part of their pricing calculations market cost - Answers Higher than replacement cost allow for damage, freight, and theft - "fudge factor" more accurately reflects the 'true cost' of an item (basis of pricing) most distributors will use this "cost" to determine the price of an item