IT Systems Flashcards
1
Q
ERP
A
Enterprise Resource Planning
- business management software that a company can use to store and manage data from every stage of business
2
Q
ERP benefits
A
- because software communicates across all functions, there is absolute visibility of what is happening in all parts of the business
- provides integration of the supply chain, production, and administration
more sophisticated communication with customers, often giving more accurate and timely information
3
Q
ERP disadvantages
A
- very expensive to purchase and even more to customise
- implementation may require major changes in the company and its processes
- very complex; difficult for many companies to adjust to it
4
Q
MRP
A
Material Requirements Planning
- calculates material requirements and production (calculations based on firm and forecast orders)
5
Q
MRP 3 objectives
A
- ensure materials are available for production and products are available for delivery to customers
- maintain low material levels in store
- plan manufacturing activities, delivery schedules and purchasing activities
6
Q
MPS
A
master production schedule
- statement of the volume and timing of the end products to be made
7
Q
closed-loop systems
A
checking production plans against available capacity and if the proposed plans are not achievable at any level revving them
8
Q
closed-loop systems: 3 planning routines
A
- resource requirements plans: looking forward in the long term to predict requirements
- rough-cut capacity plans: checks MPS and key resources if capacity constraints are broken
- capacity requirements plans: day-to day effect of the works orders
9
Q
bill of material
A
BOM
- a list of parts required to make up the total package for a product or service
- shows which parts, how many, and level
10
Q
levels of assembly
A
the product structure shows that some parts go into others, which in turn go into others
- finished product is at level 0
