IS 680 ERP Systems CH 1
Which of the following activitiy/step is related to the procurement process?
Receive Materials
What of the following encompasses all the vital business processes within a company and provides functions for both corporate headquarters and small subsidiaries?
SAP ERP
Which term refers to a system in which workers complete their tasks in separate departments without regard to the consequences for the other components of the process
Silo Effect
"Lifecycle data management process (design)"
The set of tasks or activities that are concerned with product design and improvement throughout the lifecycle of a product—Chapter 1
Asset management is concerned with both the preventive and the corrective maintenance of an organization's equipment.
True
Common reports of financial accounting include income statement, profit and loss, and balance sheet.
True
Document management provides tools to manage and store documents securely and to keep track of the multiple versions of these documents.
True
Forecasts of finished goods are determined by data from material planning.
True
Materials encompass all the products, components, and parts that are used in an organization.
True
The material planning process is used to maintain internal assets such as machinery and to delivery after-sales customer services such as repairs.
False, Asset and Customer Service Management
An enterprise system is a set of tasks or activities that produce desired outcomes.
False, Business Process
Systems that support end-to-end processes are called business processes.
False, ES
Lead time is the time between placing the order and receiving confirmation that the item has been shipped.
False, LT is the tie between placing an order and receiving the shipment.
The financial accounting process focuses on internal reporting to manage costs and revenues.
False, Management Accounting
A project is permanent in nature and is typically associated with smaller, simpler projects.
False, Project is temporary in nature and involves large, complex projects
The final stage of asset management and customer service is the authorization maintenance stage
False, Settlement is final stage
An enterprise system is a set of tasks or activities that produce desired outcomes
False, business process
Which process tracks the financial impact of process steps with the goal of meeting legal reporting requirements?
Financial Accounting
The Lifecycle of a product begins with ...
idea or concept development
Lifecycle Data Management provides a set of tools to manage...
manage product design and improvement
Enterprise systems like SAP ERP are a combination of components that integrate ______, ______, and ______ comprehensively and flexibly.
people, processes and information
The most common organizational structure within modern organizations is the functional structure
True
The term materials encompasses which of the following?
Parts
What is the final step of the procurement process?
Payment
procurement process
"(buy) refers to all of the activities involved in buying or acquiring the materials used by the organization, such as raw materials needed to make products"
production process
"A set of tasks and activities that are concerned with acquiring needed materials internally by converting raw materials into semifinished goods and raw materials and semifinished goods into finished goods"
Business process
"A set of tasks or activities that produce desired outcomes"
Silo effect
"A tendency where workers complete their tasks in their functional "silos" without regard to the consequences for the other components in the process—Chapter 1."
Enterprise systems (ES)
"Systems that support end-to-end processes and are essential to the efficient and effective execution and management of business process—Chapter 1"
Functional structure:
"The blueprint of departments within an organization, each of which is responsible for a set of closely related activities—Chapter 1."
" material planning process (plan)"
"The set of tasks or activities that are concerned when and how many materials will be procured or produced"
"asset management and customer service processes (service)
"are used to maintain internal assets such as machinery and to deliver after-sales customer service such as repairs.
"Project management processes (projects)"
"are used to plan and execute large projects such as the construction of a new factory or the production of complex products such as airplanes."
fulfillment process
"consists of all the steps involved in selling and delivering the products to the organization's customers.
"Management accounting or controlling (CO) processes" (track-internal)
"focus on internal reporting to manage costs and revenues."
"Human capital management (HCM) processes (people)"
"focus on the people within the organization and include functions such as recruiting, hiring, training, and benefits management."
Inventory and Warehouse Management (store)
"is used to store and track the materials."
cross-functional
"meaning no single group or function is responsible for their execution. Rather, it is a shared responsibility among many functional areas"
Typical functions or departments found in a modern organization include...
"purchasing, operations, warehouse, sales and marketing, research and development, finance and accounting, human resources, and information systems."
lead time
"the time between placing the order and receiving the shipment"
"Financial accounting (FI) processes (track-external)"
"track the financial impacts of process steps with the goal of meeting legal reporting requirements—for example, the Internal Revenue Service (IRS) or the Securities and Exchange Commission (SEC)"
Which term represents a set of tasks or activities that produce desired outcomes?
Business Process
Three processes that are directly related to creating and delivering products and services:
Buy (procurement), Make (production), and sell (Fulfillment)
Which of the following is NOT a process in Human Capital Management?
Buying Office Supplies
Which of the following is an example when Project Management Processes would be used in an organization?
Construction of an aircraft
Which of the following best describes SAP ERP Financials
It enables a company to manage funds effectively and, therefore, increase profitability in the long term *
Which of the following best describes Human Capital Management processes?
It enables a company to utilize people effectively towards the success of the company
Which process supports the design and development of products from the initial product idea stage through the discontinuation of the product
Lifecycle Data Management
Which process supports the design and development of products from the initial product idea stage through the discontinuation of the product?
Lifecycle Data Management
_____________enables an organization to optimize its product development process, from design to market, while ensuring that it complies with industry, quality, and regulatory standards?
Lifecycle Data Management
___________ is concerned with matching the demand for materials in the organization with the supply.
Material Planning
A generic business process in an organization is associated with which of the following ?
Outcome
A generic business process in an organization is associated with which of the following?
Outcome
Which process involves the actual creation of the products?
Production Process
Which process is used to plan and execute large projects such as the construction of a new factory or the production of complex products such as airplanes
Project Management
A generic business process in an organization is associated with which of the following
Trigger
Which of the following functional area is associated with the production process
Warehouse Management
Which of the following functional area is associated with the production process ?
Warehouse Management
Which of the following functional areas is NOT associated with fulfillment processes?
Workcenters
The Fulfillment process is concerned with?
efficiently processing customer orders*
