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ERP > midterm > Flashcards

midterm Flashcards

1
Q

Types of ERP Modules

A

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

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2
Q

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

A

Finance Module

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3
Q

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

A

Financial application component

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4
Q

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

A

Financial accounting system

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5
Q

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

A

financial accounting module

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6
Q

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

A

general ledger

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7
Q

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

A

general ledger

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8
Q

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

A

general ledger

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9
Q

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

A

Accounts Receivable/ Payable

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10
Q

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

A

accounts receivavle/ payable

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11
Q

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

A

accounts receivabl/payable

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12
Q

Funtion of accounts payable and receivable

A

Internet integration
Document management
EDI processing
Automatic integration with cash management

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13
Q

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

A

Asset accounting

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14
Q

Type of asset that does not changed

A

fixed asset

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15
Q

type of asset that keeps on changing

A

Current asset

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16
Q

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

A

legal consolidation

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17
Q

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

A

Legal consolidation

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18
Q

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

A

legal consolidation

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19
Q

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

A

Investment management

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20
Q

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

A

investment programs

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21
Q

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

A

Investment program

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22
Q

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

A

investments

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23
Q

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

A

treasury module

24
Q

Manages all the risk among all the division of organization

A

treasury module

25
Q

components of treasury module

A

cash managemwnt
Treasury management
Market risk management
Funds management

26
Q

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

A

enterprise controlling

27
Q

enterprise controlling module includes

A

executive information systems
Business planning and budgeting
Profit centre accounting

28
Q

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

A

Preventive maintenance

29
Q

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

A

Plant maintenance

30
Q

major subsytem of maintenance modules:

A

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

31
Q

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

A

ISO9000 series

32
Q

It penetrate all processes within organization

A

quality management system

33
Q

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

A

quality planning

34
Q

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

A

quality inspection

35
Q

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

A

Quality control

36
Q

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

A

material management module

37
Q

main modules of material management

A

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

38
Q

Quality management module functions

A

Quality planning
Quality inspection
Quality control

39
Q

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

A

Business Process Re-engineering

40
Q

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

A

BPR

41
Q

It also involves redesigning associated systems and organizational structures.

A

bpr

42
Q

The key contributors in the field of business process re engineering

A

Michael Hammer and Jame Champy

43
Q

Principle of BPR

A
  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
44
Q

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.

A

Organize around outcomes, not task

45
Q

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

A

Have those who use the output perform the process

46
Q

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

A

Integrate information

47
Q

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

A

treat geographically dispersed resources as though they were centralized

48
Q

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

A

Link parallel activities instead of integrating their results

49
Q

They need to be responsible for monitoring results and making decisions

A

Project managers and line managers

50
Q

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

A

capture information once and at the source

51
Q

Short coming of BPR

A

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

52
Q

Examples of BPR

A

Streamlining Supply Chain Management
Customer relationship Management

53
Q

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

A

Streamline Supply Chain Management

54
Q

It can be used to forcast demand and optimized inventory levels

A

predictive analytics

55
Q

It can be enhance transparency and traceability in the supply chain

A

blockchain technology

56
Q

benefits of streamlining supply chain management

A

improved efficiency
Reduced cost
Enhance transparency

57
Q

benefits of CRM

A

360 degree customer view
Increased sales and retention
Faster problem resolution

ERP (1 decks)

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