Flashcards in EXAM 1 Deck (61)
An ERP system is designed to provide the support for
coordinating decisions concurrent with planning and controlling the business.
Performance metrics to evaluate integrated system effectiveness:
utilize data from multiple functions
are enabled by an ERP system
benefit from real-time data availability
Which of the below is among the principle modules in an ERP system?
Sales and Marketing
Manufacturing Planning and Control
Human Resource Management
Demand management activities must conform to:
the strategy of the firm
the capabilities of manufacturing
the needs of customers
All options are correct
Identifying all sources of demand is the principle task in
MPC emphasis remains the same even as the nature of the product, process, or both, changes.
One significant advantage that a firm gains from using an integrated ERP system is the ability to obtain current data on how the firm is performing.
ERP systems enable measuring integrated performance across functions such as
purchasing, manufacturing, sales and marketing, and supply chain management.
An ERP system provides a common platform for ___ data capture.
In the MPC process, determination of the end-item (finished product) production schedule (MPS) is most likely to occur in which time horizon?
For companies that have repetitive manufacturing of standard products, MPS system is concerned with
assembly rate for end items (i.e. finished products)
Which of the following MPC system activity balances the sales/marketing plans with available production resources?
Sales and operations planning (SOP)
A typical ERP system is made up of functionally oriented units operating independently. T/F
The design and performance metrics for the ERP system must reflect the strategy, processes, and customer needs of the firm. T/F
Transaction processing relates to the posting and tracking of the activities that document the business. T/F
Since the scope of applications included in standard ERP packages is very large, a separate data warehouse is not needed to be employed. T/F
If the MPC system has remained unchanged for a significant length of time, it may no longer be appropriate to the company’s needs. T/F
The essential task of the MPC system is to determine customer preferences via extensive use of market research and focus groups. T/F
MPC systems provide the information upon which managers make effective decisions. T/F
As a product’s sales volume increases over time, the MPC emphasis might shift from ‘flow’ to ‘project’ in the MPC classification schema. T/F
Sales and Operations Planning aims to match supply to demand only at the product mix level. T/F
Different manufacturing processes often dictate the need for different designs of the MPC system. T/F
Matching strategic direction with MPC system design is
a dynamic element that shapes the MPC environment
The project approach to MPC is for products
that are unique with long-lead-times
Capacity decisions (equipment, facilities, suppliers, etc.) are most likely to occur in which time horizon?
Matching supply and demand in terms of volume, is a
front-end issue addressed by MPC
Configuration management is a critical step in MPC environments which is referred to as:
The difference between the pattern of demand and the response by the company points out the important distinction between
forecasts and plans
A key requirement for demand management communication with SOP is to provide
demand forecast information