ERP Test 1 GODIN
final factor that determines the type of data included in the material matter, the way a material can differ.
Organizational Levels
what are some different assets?
what a company owns, cash, inventory of materials and buildings
physical and measurable assets that are used in a company's operations.
Tangible Asset Define
property, plant, and equipment
Tangible Asset Examples
Define Business Processes and what is means to have integrated business processes
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Define Enterprise Systems and ERP system. Provide examples and benefits of each.
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ERP Systems connect with customer systems
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Examples of ERP System and its Benefits
-Focus primary on internal operations of an organization -Supports multiple languages and currencies -SAP is a fully integrated, global ERP system
Examples of Enterprise System and its Benefits
-Support end-to-end processes -Large companies -Improve productivity and efficiency EX: ERP System, Supply Chain, Customer Relationship Management
Procurement steps
1. trigger 2. requirements determination (purchase req.) 3. source of supply known? 4. determine source of supply (request for or quotation) 5. vendor section and evaluation 6. purchase order processing (purchase order) 7. goods receipt (delivery doc.) 8. invoice verification (invoice) 9. payment processing (payment
Fulfillment steps
1. trigger customer; inquiry or purchase order 2. pre-sale activities- contracts, quotations 2. sales order processing (sales order) 3. shipping (picking doc) 4. billing (customer invoice) 5. payment (customer payment)
SAP Operating System
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BPM Model for Fulfillment
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BPM Model for Procurement
??
what is means to have integrated business processes?
All the data from a company being put together into 1 system, so all the departments can have access to it
What are the different financial accounting accounts
A/P, A/R, assets
A general ledger is a company's set of numbered accounts for its accounting records. ... The ledger holds account information that is needed to prepare financial statements and includes accounts for assets, liabilities, owners' equity, revenues and expenses
Bank ledger Accounting
How do ERP systems connect with customer enterprise systems?
Customer relationship management Customer systems
DATA is used in a Goods Receipt!!!
DATA
consists of all the steps involved in selling and delivering the products to the organizations customers
Fulfillment
uses historical data and sales forecasts to plan which materials will be procured and produced when and in what quantities
Material planning
are typically nonphysical assets used over the long-term.
Intangible Asset Define
Patents, Trademarks and Franchises
Intangible Asset Examples
Media can be used to communicate with vendors in SAP
MEDIA
What are the goods used in goods receipts?
Material ordered, Quantity delivered, Verification, and Storage location
What type of accounting uses multiple ledgers for different purposes?
Parallel Accounting
refers to all the activities involved in buying or acquiring the materials used by the organization, such as raw materials needed. comprised of five steps completed in three functional areas
Procurement
What is the role of the purchasing organization?
Procuring Materials. One role of the purchasing department is to procure all necessary materials needed for production or daily operation of the company
Product Lifecycle Management helps companies administer the process of research, design and product management
Product Lifecycle Management
actual creation of products. the production process is concerned with acquiring materials needed internally
Production
deals with the planning, forecasting, and production, or marketing of a product or products at all stages of the product lifecycle. Similarly, product lifecycle management (PLM) integrates people, data, processes and business systems.
Production management
materials that are purchased from an external source (a vendor) and used in the production process
Raw materials
General Ledger Accounts are known as?
Reconciliation Accounts
two sets of records (usually the balances of two accounts) are in agreement
Reconciliation Accounts
a system in which works complete their tasks in separate departments without regard to the consequences for the other components of the process
Silo Effect
refers to the technical structure of the software, how users interact with the software, and how the software is physically managed on computer hardware.
Software architecture
accounts specific to something ex: customer, vendor, and item
Sub-ledger accounts
Examples of Invoice Verification
Three-way Match
business processes
a set of tasks or activities that produce desired outcomes Key Processes: Procurement, Production, Fulfillment
a general ledger account that consolidates data from a group of related sub-ledger accounts. ex:A/R, A/P, and assets
accounting reconciliation
What is a key process in financial accounting
accounts receivable accounting
What is the three step process of invoice verification?
enter the invoice, release blocked invoices, and service purchase order (assign cost center and such)
materials that are created by the production process from other materials
finished goods (FERT)
How does ERP play a role in research design and product management?
helps to bring a business together more easily and can help to identify problem areas and needs for more efficiency while providing information ?
Enterprise System
integrate a number of different applications, protocols and formats.
ERP system
integrates software applications just as a company integrates business processes
storing and tracking of materials
inventory and warehouse management
characteristics of a wholesale channel
it does not include sales tax when calculating the price, it requires a min. volume of purchase, volume discounts, and it may designate a specific plant or plants from which deliveries are made
What are the material classifications?
raw materials, trading goods, semi finished goods, and finished goods
goods still in production
semi finished goods (HALB)
materials purchased from a vendor
trading goods
