midterm

Question 1

Types of ERP Modules

Answer 1

Finance
Manufacturing and production planning
Sales and distribution
Plant maintenance
Quality Management
Material Management

Question 2

A set of processes are required so they can provide the financial information in the form that is required by the user

Answer 2

Finance Module

Question 3

It provides us with the information of financial functionality across the different business area

Answer 3

Financial application component

Question 4

its objective is to provide company-wide control and integration of financial information which required for strategic decision making

Answer 4

Financial accounting system

Question 5

it gives the ability to centrally track financial accounting data with in an international framework of multiple currencies, companies and language

Answer 5

financial accounting module

Question 6

It is essential to both financial accounting system ang strategic decision making

Answer 6

general ledger

Question 7

it supports all the functions which are required in financial ccounting system. It containts sub-ledger

Answer 7

general ledger

Question 8

gives document parking, posting, reporting, and an integrated financial calendar for automating perod of activities

Answer 8

general ledger

Question 9

By maintaining this,, ERP system provides us a financial overview of business partner relationships

Answer 9

Accounts Receivable/ Payable

Question 10

These accounts are integrated with general ledger and it is associated in sales and distribution and material management

Answer 10

accounts receivavle/ payable

Question 11

it uses the standard business rule fir data entry and processing payments and bank transaction

Answer 11

accounts receivabl/payable

Question 12

Funtion of accounts payable and receivable

Answer 12

Internet integration
Document management
EDI processing
Automatic integration with cash management

Question 13

This module manages the company’s fixed asset. It provides the detailed information on asset related function

Answer 13

Asset accounting

Question 14

Type of asset that does not changed

Answer 14

fixed asset

Question 15

type of asset that keeps on changing

Answer 15

Current asset

Question 16

All the financial system should be integrated rffectively with the operational data

Answer 16

legal consolidation

Question 17

It helps in direct data transferfrom individual statements into the consilidated report

Answer 17

Legal consolidation

Question 18

It helps to create multiple views of consolidated data and thus we can generate separate reports for the different functions of an organization

Answer 18

legal consolidation

Question 19

Its process starts from the planning of an organization until the settlement of an organization

Answer 19

Investment management

Question 20

Are carried out in each and every department and it also tells us the update information about funds, plants cost, and actual cost from internal and external activities

Answer 20

investment programs

Question 21

allows distributing budgets which helps to monitor the budget and avoid over run

Answer 21

Investment program

Question 22

it measures that need to be monitored are done from time to time according to the internal order

Answer 22

investments

Question 23

The organization can gain a significant competitive advantage by efficiently managing the short term, medium term, long term payment flows and managing risk

Answer 23

treasury module

Question 24

Manages all the risk among all the division of organization

Answer 24

treasury module

Question 25

components of treasury module

Answer 25

cash managemwnt Treasury management Market risk management Funds management

Question 26

it comprises of those functions that will optimize share holders values, while meeting internal objective for growth and investments

Answer 26

enterprise controlling

Question 27

enterprise controlling module includes

Answer 27

executive information systems Business planning and budgeting Profit centre accounting

Question 28

It provides wn integrated solution for supporting the operational needs of an enterprise wide system

Answer 28

Preventive maintenance

Question 29

It includes the entire family of product covering all aspects of plant/ equipment maintenance amd becomes integral to the avhievement of process improvmeny

Answer 29

Plant maintenance

Question 30

major subsytem of maintenance modules:

Answer 30

Preventive maintenance control Equipment tracking Component tracking Plant maintenance calibration traking Plant maintenance warranty claims traking

Question 31

the series of standards that defines the function of quality management and the element of a quality management system

Answer 31

ISO9000 series

Question 32

It penetrate all processes within organization

Answer 32

quality management system

Question 33

management of basic data of quality planning and inspection planning, material specifications, inspection planning

Answer 33

quality planning

Question 34

trigger inspections, inspection processing with inspection plan selection, and sample calculation, etcs

Answer 34

quality inspection

Question 35

dynamic sample determination on the basis of the quality level hystory. Application of statistical process control techniques using quality control charts

Answer 35

Quality control

Question 36

It optimizes all the purchasing process with workflow-driven processing functions, enebles automated supplier evaluation, lowers procurement and warehousing cost

Answer 36

material management module

Question 37

main modules of material management

Answer 37

pre-purchasing activity Purchasing Vendor evaluation Inventory management Invoice verification and material inspection

Question 38

Quality management module functions

Answer 38

Quality planning Quality inspection Quality control

Question 39

A process employed to greatly improve organizational performance by radically redesigning business processes.

Answer 39

Business Process Re-engineering

Question 40

The aim is to dramatically improve organizational performance by improving an organization’s efficiency and effectiveness of processes.

Answer 40

BPR

Question 41

It also involves redesigning associated systems and organizational structures.

Answer 41

bpr

Question 42

The key contributors in the field of business process re engineering

Answer 42

Michael Hammer and Jame Champy

Question 43

Principle of BPR

Answer 43

1. Organize around outcome, not task 2. Have those who use the output perform the process 3. Integrate information-processing work into the real work that produces the information 4. Treat geographically dispersed resources as though they were centralized 5. Link parallel activities instead of integrating their results 6. Put decision point where the work is performed and build control into the process 7. Capture information once and at the source

Question 44

Defining the outcome clearly and combining several jobs together. Focus shifts from ‘what are we doing now?’ to ‘what do we need to do?’. Get one person to perform all steps of a process, by redesigning his/her job around the outcome and not the tasks.

Answer 44

Organize around outcomes, not task

Question 45

For instance, managers should be able to complete certain purchases themselves rather than going to Procurement for everything.

Answer 45

Have those who use the output perform the process

Question 46

People who collect information need to also analyze it instead of relying on other people to do so. processing work into the real work that produces the information

Answer 46

Integrate information

Question 47

For instance, an organization with various branches located across the nation needs to have a centralized procurement

Answer 47

treat geographically dispersed resources as though they were centralized

Question 48

Various product development projects can fail because of several components being designated in parallel and the components not working together

Answer 48

Link parallel activities instead of integrating their results

Question 49

They need to be responsible for monitoring results and making decisions

Answer 49

Project managers and line managers

Question 50

It is best to not have people responsible purely for feeding information captured by others

Answer 50

capture information once and at the source

Question 51

Short coming of BPR

Answer 51

All - or- nothing Negative result Gradual and innovative approaches are usually chosen over BPR

Question 52

Examples of BPR

Answer 52

Streamlining Supply Chain Management Customer relationship Management

Question 53

It involves a meticulous reassessment and redesign of every step, including logistics, inventory management, and procurement

Answer 53

Streamline Supply Chain Management

Question 54

It can be used to forcast demand and optimized inventory levels

Answer 54

predictive analytics

Question 55

It can be enhance transparency and traceability in the supply chain

Answer 55

blockchain technology

Question 56

benefits of streamlining supply chain management

Answer 56

improved efficiency Reduced cost Enhance transparency

Question 57

benefits of CRM

Answer 57

360 degree customer view Increased sales and retention Faster problem resolution