8. Enterprise Resource Planning ERP Flashcards
(8 cards)
What is enterprise resource planning
ERP is a computer based system that intergrates all aspects of the business process
What does ERP include?
Finance
Human resources
Manufacturing schedules, capacity, lead times and tracking
Customer orders, credit ratings and order history
Business strategy and market research
Quality
What are the advantages to ERP
- Improved productivity and efficiency
Why: Automates tasks and streamlines workflows.
Leads to: Faster work, fewer errors.
- Reduced operational costs
Why: Combines processes and avoids duplication.
Leads to: Saves time and money.
- Integrated information repository
Why: All data is in one place and accessible.
Leads to: Better decision-making and collaboration.
- Flexibility for various situations
Why: Can adapt to different business needs.
Leads to: Easier scaling and response to changes.
- Data security and compliance
Why: Controls access and tracks data use.
Leads to: Reduces risk and meets legal standards.
What are the disadvantages of ERP
- Very expensive
Why: High costs for software, setup, and maintenance.
Leads to: Financial strain, especially for small businesses.
- Complex implementation and training
Why: ERP systems are large and require staff to learn new processes.
Leads to: Delays, frustration, and possible mistakes.
- System depends on all parts working well
Why: If one module fails, it can affect the whole system.
Leads to: Disruptions and reduced productivity.
What is concurrent manufacturing?
a systematic integration of all the elements of design and manufacture so that they can be carried out simultaneously
What is quality function deployment?
QFD is a quality assurance system combined with concurrent manufacturing to ensure that consumer requirements are met
What is used in a quality function deployment?
A ‘house of quality’ matrix
What is the exam tip for this section?
Questions on this usually are about flexibility and fast response by using tech.
Understand mass customisation ! In Chapter 8.1
