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Exam 11: Enterprise Systems

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Question 51

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Discuss the drawbacks of an enterprise resource planning (ERP) system.

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Answers will vary.ERP is an integrated s...

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Question 52

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Which of the following statements is true of an enterprise resource planning (ERP) system?

A) It has compatibility problems with legacy systems.
B) It results in increased labor costs.
C) It increases order-to-fulfillment time.
D) It reduces data accuracy and results in slow response time.

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Question 53

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Which of the following vendors offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM) system?

In a customer relationship management (CRM) system, marketing strategies focus on:

_____ is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization. ​

In the context of a manufacturing firm's supply chain management (SCM) system, the_____ area manages the movement of goods all the way from suppliers to customers, including customer service and support. ​

In the context of e-marketplaces, a _____ concentrates on coordinating a business process or function involving multiple vendors.

_____ is a search for specific information or patterns using input from multiple business partners and data sources.

_____ help businesses maintain a competitive edge in the supply chain by solving time-constraint problems for international trade and making it possible to conduct business around the clock.

In the context of customer relationship management (CRM) applications, describe eCRM.

Auctions help determine the price of goods and services when the original set price is too high in the marketplace.

In the context of Internet-enabled supply chain management (SCM) , which of the following SCM activities involves bargaining and renegotiating prices and term agreements?

In Internet-enabled supply chain management (SCM) , activities such as coordinating just-in-time (JIT) inventory programs with vendors and suppliers and conducting customer demand analysis are part of _____.

In a(n) _____, companies invite sellers to submit bids for products and services so that the buyer can choose the seller that offers the service or product at the lowest price.

In the context of customer relationship management, briefly explain the process of personalization.

Which of the following techniques is used to improve customer relationship management (CRM) systems by identifying, storing, and disseminating facts about how to perform tasks?

Discuss the importance of interaction in managing tacit knowledge.

A(n) _____ is an application used in all the functions of a business and supports decision making throughout the organization. ​

In the context of electronic exchange of information, which of the following is used by companies to improve the efficiency and effectiveness of the supply chain process?

In the context of customer relationship management, _____ assists with tasks such as tracking customer interactions and analyzing sales forecasts. ​