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1
Q

In order to manage and integrate their essential business processes—such as finance, HR, supply chain management, manufacturing, procurement, and more—organizations employ this kind of software.

A

Enterprise Resource Planning

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2
Q

ERP Project Life Cycle

A

Initiation, Planning, Execution, Monitoring and Control, and Closure

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3
Q

Develop a business case and define the project on a broad level.
*Identifying business needs and Objectives

A

Initiation Phase

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4
Q

Stage requires complete diligence as it lays out the project’s roadmap.
*Developing Project Plans

A

Planning Phase

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5
Q

Where your team does the actual work *System Configuration

A

Execution Phase

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6
Q

Run simultaneously with project execution, thereby ensuring that objectives and project deliverables are met.
*Performance tracking

A

Monitoring and Control

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7
Q

This is the final phase of the project management process.
*Final Acceptance

A

Closure Phase

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8
Q

Common Challenges faced during ERP Implementation

A

*Resistance to Change
*Data Migration issues
*Integration Complexities
*Scope Creep
*Resource Constraints

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9
Q

Effective Strategies for Successful ERP Implementation

A

*Executive sponsorship and leadership
*Comprehensive planning and Realistic Expectations
*Change Management and Stakeholder Engagement
*Robust Communication Models
*Continuous training and Support

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10
Q

ERP Configuration and Customization

A

*writing new codes (scripts, programs, class files) within the software
*understanding the business requirements in detail

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11
Q

*Tailoring an ERP system to fit specific business needs.
*Modifying or adding features to enhance functionality.

A

ERP Customization

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12
Q

Customizing ERP to align with organizational needs (PROS)

A

*Personalized Solutions for Unique Business Needs
*Competitive Advantage through Unique Features
*Enhanced User Experience
*Custom ERP solutions can be integrated seamlessly
*Future-proofing and Scalability

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13
Q

Customizing ERP to align with organizational needs (CONS)

A

*Higher Initial Costs and Implementation Timeline
*Upgradation and Compatibility Challenges
*Maintenance Complexity

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14
Q

a software solution utilized by organizations to oversee various business functions including accounting, procurement, project management, risk management, compliance, and supply chain operations.

A

Enterprise resource planning (ERP)

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15
Q

a management approach where the steps involved in achieving a particular business goal are completely redesigned to enhance efficiency, effectiveness, and overall performance.

A

Business process reengineering (BPR)

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16
Q

CHALLENGES IN ERP ALIGNMENT

A

*Resistance to change from employees *Complexity in integrating legacy systems *Implementation costs and time *Difficulties in managing organizational change

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17
Q

ROLE OF ERP IN BPR

A

*Improved Efficiency *Enhanced Quality *Agility and Adaptability *Data-Driven Decision Making *Streamlined Workflows

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18
Q

ERP plays a role in BPR by providing integrated systems that automate and streamline business processes, leading to improved efficiency.​

A

Improved Efficiency​

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19
Q

ERP standardize processes and providing real-time data, which improves the quality of products and services.​

A

Enhanced Quality​

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20
Q

ERP enables BPR by providing flexible systems that can quickly adapt to changing business requirements, enhancing agility.​

A

Agility and Adaptability​

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21
Q

ERP supports BPR by providing accurate and timely data, enabling organizations to make informed decisions based on data insights.​

A

Data-Driven Decision Making​

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22
Q

ERP contributes to BPR by optimizing and simplifying workflows, reducing redundancies and delays in processes.​

A

Streamlined Workflows​

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23
Q

the cornerstone of any successful change management strategy, especially in the context of ERP implementation.
*Clear and Consistent Communication
Two-Way Communication

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A

EFFECTIVE COMMUNICATION STRATEGIES

24
Q

training goes beyond merely instructing employees on how to use the new system; it is about equipping them with the knowledge and skills to adapt to the new processes and workflows that come with the ERP.
*Comprehensive Training Approach
Customization for Different Roles

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A

TRAINING AND SUPPORT

25
to change is a critical aspect of an ERP implementation, as resistance is a natural human response to any significant alteration in the work environment. *Understand Common Reasons for Resistance *Identify Change Champions *Address Emotional Aspects
MANAGING RESISTANCE TO CHANGE
26
during an ERP implementation is essential to ensure that the project stays on track and achieves its intended outcomes *Establish Clear, Measurable Goals Evaluate with Quantitative and Qualitative Data
MONITORING AND EVALUATING CHANGE
27
Ensuring sustainable change post-ERP implementation is vital for the long-term success and relevance of the system. *Create Dynamic Equilibrium
LONG-TERM CHANGE MANAGEMENT
28
involves a deliberate approach to managing the human, cultural, and operational transitions that accompany the adoption of an ERP system.
Change Management
29
Ensure leaders understand and support the ERP implementation
Mobilize and Align Leaders & Articulate the Case for Change (Change Management Strategies)
30
Assess readiness and address opportunities and risks.
Identify and Manage “People” Opportunity and Risk (Change Management Strategies)
31
Develop clear and consistent communication plans.
Stakeholder Communications (Change Management Strategies)
32
Design the desired post-implementation organizational structure.
Create the Future Organization (Change Management Strategies)
33
Equip employees with necessary skills and resources for success.
Enable the Workforce (Change Management Strategies)
34
In order to manage and integrate their essential business processes—such as finance, HR, supply chain management, manufacturing, procurement, and more—organizations employ this kind of software.
Enterprise Resource Planning
35
The process of verifying the identity of a user trying to access a system or resource.
User Authentication
36
Examples of User Authentication
1. Biometrics ( Finger Prints, Facial Recognition) 2. Multi Authentication 3. Security Tokens 4. Geolocation
37
A method of regulating access to computer or network resources based on the roles of individual users within an organization. And give the examples.
Role-Based Access Control (RBAC) Ex. Employees, Managers, Administrator
38
A security principle aimed at preventing fraud and errors by dividing tasks and responsibilities among different individuals or teams. And give some examples of it.
Segregation of Duties (SoD) Ex. Symmetric, Asymmetric, Block and Stream Cipher.
39
A type of encryption key management solution where only one key (a secret key) is used to both encrypt and decrypt data. And give some examples.
Symmetric Ex. AES (Advanced Encryption Standard) DES (Data Encryption Standard) 3DES (Triple DES)
40
Uses a pair of keys: a public key for encryption and a private key for decryption. And give some examples.
Asymmetric Ex. RSA (Rivest-Shamir-Adleman) ECC (Elliptic Curve Cryptography)
41
Encrypt data in fixed-size blocks (e.g., 128 bits). Examples include AES and DES.
Block Ciphers
42
Encrypt data one bit or byte at a time, suitable for streaming data. An example is RC4.
Stream Ciphers
43
Also known as data obfuscation or data anonymization, is a technique used to protect sensitive information by replacing it with non-sensitive data that retains the same format and characteristics. What are the key features of it.
Data Masking Anonymization, Format Preservation, Reversibility
44
Use Cases for Data Masking
1. Software Testing and Development 2. Data Analytics and Business Intelligence 3. Outsourcing and Offshoring 4. Regulatory Compliance 5. Data Breach Prevention
45
strategies and tools used to protect digital information from unauthorized access, corruption, or theft throughout its lifecycle.
Database Security Measures 1. Authentication and Access Control 2. Encryption 3. Regular Updates and Patch Management 4. Database Activity Monitoring and Logging 5. Backup and Recovery
46
Crucial for maintaining security, compliance, and operational efficiency.
Auditing and Monitoring Ex. Audit Trails, Real-time Monitoring, Intrusion Detection and Prevention Systems
47
Audit Trails
1. Tracking User Activities 2. Change Logs 3. Access Records 4. Compliance 5. Forensic Analysis
48
Real-Time Monitoring
1. Continuous Data Collection 2. Anomaly Detection 3. Alerting Systems 4. Performance Monitoring 5. Dashboards and Reports
49
Intrusion Detection and Prevention Systems
1. Signature Based-Detection 2. Anomaly- Based Detection 3. Hybrid Detections 4. Blocking Malicious Activities 5. Mitigating Threats 6. Real-Time Response
50
THE SIGNIFICANT BENEFITS OF ERP WITH IOT
1. Data-Driven Decision-Making 2. Real-Time Business Insights 3. Preventive Maintenance and Asset Management 4. Operational Efficiency 5. Cost Savings 6. Improved Forecasting
51
a subfield of artificial intelligence, which is broadly defined as the capability of a machine to imitate intelligent human behavior.
Machine Learning
52
systems are used to perform complex tasks in a way that is similar to how humans solve problems.
Artificial Intelligence
53
Primary Ways AI Enhances ERP Solutions
1. Automation of repetitive tasks 2. Sophisticated data analytics 3. Natural language interaction 4. Intelligent forecasting 5. Augmented intelligence collaboration
54
TYPES OF AI TECHNOLOGIES UTILIZED IN ERP
1. Machine Learning 2. Natural Language Processing 3. Computer Vision 4. Predictive Analytics 5. Deep Learning 6. Conversational AI
55
a software solution that helps organizations manage and integrate their core business processes, data, and applications on a cloud computing infrastructure.
CLOUD-BASED ERP SOLUTIONS
56
ADVANTAGES OF CLOUD ERP
1. Accessibility and remote work 2. Scalability and flexibility 3. Cost-effectiveness 4. Automatic updates and maintenance 5. Data security and reliability
57
involves smart factories where sensor-enabled machines collect data about their usage and maintenance needs, then communicate with one another and with workers.
Industry 4.0

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