Application of Knowledge - 4.3 Third-Party Integrations

Question 1

OMS

Answer 1

• Order Management System
• Examples:
• Netsuite
• Magento Commerce Order Management
• Centralized inventory
• http://www.nbds.com/articles/Centralized-vs-DecentralizedInventory-Management.html
• Centralized is having the inventory in one location. Many ecommerce merchants use this model.
• Decentralized is having inventory at multiple locations and each is managed individually

Question 2

ERP

Answer 2

• ERP: Enterprise Resource Planning
• Centralized system to handle almost all business processes.
• Think about all the core processes needed to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others. At its most basic level, ERP integrates these processes into a single system.
• ERP systems are anything but basic. They use the latest technologies – such as machine learning and AI – to provide intelligence, visibility, and efficiency across every aspect of a business.

Question 3

Financial systems

Answer 3

• System to handle a company’s finances.

* Microsoft Dynamics

Question 4

PIM, etc.

Answer 4

• Product Information Manager
• Centralized repository for storing product information.
• Product information management means managing the information required to market and sell products through distribution channels. A central set of product data can be used to feed information to media such as web sites, print catalogs, ERP systems, and electronic data feeds to trading partners.