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Flashcards in EXAM 1 Deck (61)
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1

An ERP system is designed to provide the support for

coordinating decisions concurrent with planning and controlling the business.

2

Performance metrics to evaluate integrated system effectiveness:

utilize data from multiple functions

are enabled by an ERP system

benefit from real-time data availability

3

Which of the below is among the principle modules in an ERP system?

Sales and Marketing

Manufacturing Planning and Control

Human Resource Management

4

Demand management activities must conform to:

a.
the strategy of the firm

b.
the capabilities of manufacturing

c.
the needs of customers

d.
All options are correct

5

Identifying all sources of demand is the principle task in

Demand Management

6

MPC emphasis remains the same even as the nature of the product, process, or both, changes.

False

7

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.

True

8

ERP systems enable measuring integrated performance across functions such as

purchasing, manufacturing, sales and marketing, and supply chain management.

9

An ERP system provides a common platform for ___ data capture.

financial

10

In the MPC process, determination of the end-item (finished product) production schedule (MPS) is most likely to occur in which time horizon?

Intermediate

11

For companies that have repetitive manufacturing of standard products, MPS system is concerned with

assembly rate for end items (i.e. finished products)

12

Which of the following MPC system activity balances the sales/marketing plans with available production resources?

Sales and operations planning (SOP)

13

A typical ERP system is made up of functionally oriented units operating independently. T/F

False

14

The design and performance metrics for the ERP system must reflect the strategy, processes, and customer needs of the firm. T/F

True

15

Transaction processing relates to the posting and tracking of the activities that document the business. T/F

True

16

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

False

17

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

True

18

The essential task of the MPC system is to determine customer preferences via extensive use of market research and focus groups. T/F

False

19

MPC systems provide the information upon which managers make effective decisions. T/F

True

20

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

False

21

Sales and Operations Planning aims to match supply to demand only at the product mix level. T/F

False

22

Different manufacturing processes often dictate the need for different designs of the MPC system. T/F

True

23

Matching strategic direction with MPC system design is

a dynamic element that shapes the MPC environment

24

The project approach to MPC is for products

that are unique with long-lead-times

25

Capacity decisions (equipment, facilities, suppliers, etc.) are most likely to occur in which time horizon?

Long

26

Matching supply and demand in terms of volume, is a

front-end issue addressed by MPC

27

Configuration management is a critical step in MPC environments which is referred to as:

Assemble-to-Order

28

The difference between the pattern of demand and the response by the company points out the important distinction between

forecasts and plans

29

A key requirement for demand management communication with SOP is to provide

demand forecast information

30

When a firm has plans for building bicycles at a constant rate throughout the year, the demand for the wheels that are needed is referred to as

dependent demand