Midterm 2 Flashcards
When Lizzie joins the company, her information, such as full name, preferred name, person, ID, and employee ID will be captured, at this time departments are using the exact same raw data. This is called what?
ERP system. An enterprise resource planning system.
An application with the centralized database that can be used to run a companies entire business
ERP system
What are ERP systems designed for?
To manage an integrate different business processes and operations
Some popular ERP systems are supported by
SAP, Oracle, Microsoft
ERP systems are extremely
Costly
This type of software helps. Businesses better manage their customers.
CRM. Customer relationship management software.
Some ERP software systems include what as one of their modules
CRM
What type of software steps in and connects all business functions to better prepare, concrete, and maintain custom relationships
CRM
The handling of the entire production flow of a good or service. Starting from the rock components all the way to delivering the final product to the consumer.
SCM. Supply chain management.
What are the three ways to develop a system?
In house, through, purchasing, or through outsourcing
Have your own team build the exact product you want. There are lots of benefits you get what you want you protect any confidential information as well, but it is very time-consuming and costly.
In house development
Purchase a system that already exists in the market is an option. Plus, you can alter the system a bit to cater to your own needs, and it is relatively cheap, but you cannot customize and modify most of the functions.
Through purchasing development
Better option than in-house in terms of cost. You will have a group experience experts to build the system for you, but the flow becomes. You must disclose confidential information to external users.
Outsourcing
What are the three steps of a feasibility analysis?
Technical financial and organizational
A team to meet an end goal under constraints
Project
