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Oracle Fusion Cloud ERP > ERP Basics > Flashcards

ERP Basics Flashcards

1
Q

What are Enterprise Resource Planning (ERP) applications?

A

Integrated software platforms designed to streamline and manage core business processes across an organization

ERP applications connect various departments, enabling seamless data flow and improved decision-making.

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2
Q

What is a key feature of ERP applications regarding business processes?

A

Integration of Business Processes

ERP systems unify data and processes across departments, eliminating data silos.

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3
Q

What modules are included in ERP systems for finance and accounting?

A
  • General ledger
  • Accounts payable/receivable
  • Budgeting
  • Financial reporting

These modules help manage financial activities and reporting.

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4
Q

What functionalities does the Human Resources (HR) module of ERP systems handle?

A
  • Payroll
  • Recruitment
  • Employee records
  • Performance management

This module streamlines HR processes and data management.

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5
Q

What does the Supply Chain Management (SCM) module optimize?

A
  • Inventory
  • Procurement
  • Order management
  • Logistics

SCM focuses on improving supply chain efficiency.

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6
Q

What are the key functions of the Manufacturing module in ERP applications?

A
  • Production planning
  • Scheduling
  • Quality control
  • Shop floor operations

This module ensures effective manufacturing processes.

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7
Q

What does the Sales and Customer Relationship Management (CRM) module track?

A
  • Sales pipelines
  • Customer interactions
  • Marketing campaigns

CRM helps manage customer relationships and sales efficiency.

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8
Q

What is one of the real-time capabilities of ERP systems?

A

Real-Time Data and Reporting

ERP systems provide insights through dashboards and analytics for informed decision-making.

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9
Q

What tasks does automation in ERP systems help with?

A
  • Invoicing
  • Payroll
  • Inventory updates

Automation reduces errors and improves operational efficiency.

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10
Q

What is a benefit of ERP applications related to business growth?

A

Scalability

ERP systems can grow with the business, accommodating new users and processes.

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11
Q

What are the compliance and security features of ERP applications?

A
  • Adherence to industry regulations
  • Data security through role-based access controls

These features ensure safe and compliant operations.

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12
Q

What is one benefit of ERP applications regarding efficiency?

A

Improved Efficiency

ERP systems streamline operations and reduce manual effort.

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13
Q

How do ERP applications enhance collaboration?

A

Enhanced Collaboration

They break down departmental barriers with shared data.

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14
Q

What is a financial benefit of using ERP applications?

A

Cost Savings

ERP systems optimize resources and reduce operational costs.

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15
Q

What advantage do ERP applications provide for decision-making?

A

Better Decision-Making

Access to real-time data and analytics aids strategic planning.

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16
Q

What impact do ERP applications have on customer satisfaction?

A

Customer Satisfaction

They improve service delivery through better order tracking and communication.

17
Q

Which ERP vendor is known for robust and scalable solutions?

A

SAP

SAP is recognized for its comprehensive ERP offerings.

18
Q

What does Oracle offer in terms of ERP systems?

A

Comprehensive ERP systems with strong financial and supply chain capabilities

Oracle’s solutions cater to diverse business needs.

19
Q

What unique feature does Microsoft Dynamics 365 provide?

A

Integrates ERP and CRM functionalities with Microsoft’s ecosystem

This integration enhances usability for businesses using Microsoft products.

20
Q

What type of ERP solutions does Infor specialize in?

A

Industry-specific ERP solutions

Infor tailors its offerings to meet specific industry needs.

21
Q

What is NetSuite known for?

A

A cloud-based ERP system ideal for small to mid-sized businesses

NetSuite offers flexibility and scalability for growing companies.

22
Q

What are the three deployment options for ERP systems?

A
  • On-Premise
  • Cloud-Based
  • Hybrid

These options provide flexibility in how ERP solutions are implemented.

23
Q

True or False: ERP applications are essential for modern businesses.

A

True

They help optimize operations, improve productivity, and maintain competitiveness.

Oracle Fusion Cloud ERP (2 decks)

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