MODULE 4

Question 1

A comprehensive software solution that integrates and manages core business processes, facilitating seamless coordination and communication across various areas

Answer 1

ERP (Enterprise Resource Planning)

Question 2

A robust software solution desiged to integrate and manage a range of essential business functions, providing a unified platform for efficient operations

Answer 2

Enterprise Resource Planning

Question 3

Core Modules of ERP

Answer 3

Finance and Accounting
Human Resources
Supply Chain Management
Customer Relationship Management

Question 4

Manages financial transactions, budgeting, and reporting, ensuring accurate and streamlined financial processes

Answer 4

Finance and Accounting

Question 5

Focuses on personnel management, including recruitment, training, and employee development, fostering a cohesive and productive workforce.

Answer 5

Human Resource

Question 6

Addresses production process, optimizing resource utilization, and enhancing the efficiency of manufacturing operations

Answer 6

Manufacturing

Question 7

Coordinates the entire supply chain, from procurement to distribution, ensuting smooth logistics and minimizing disruptions

Answer 7

Supply Chain Management

Question 8

Centralizes customer data, streamlining interactions, and improving customer satisfaction through targeted marketing and personalized services

Answer 8

Customer Relationship Management

Question 9

ERP Vendors

Answer 9

SAP
Oracle
Microsoft

Question 10

ERP Implementation Process

Answer 10

Planning Phase
Design Phase
Implementation Phase
Deployment Phase

Question 11

Common challenges in ERP Implementation

Answer 11

Resistance to Change
Data Migration Issues
Customization Challenges
Integration Complexity
Challenges and Failures

Question 12

Are the backbone of modern businesses, stramlining processes and fostering collaboration.

Answer 12

ERP Systems