Enterprise IS and the Importance of Information Flow in ERP Systems
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Questions and Answers

Which of the following is a goal of ERP systems?

  • To provide a consistent graphical user interface
  • To make the information flow dynamic and immediate
  • To integrate departments and functions across an organization into a single infrastructure (correct)
  • To store data in a centralized database

    • What is a key feature of ERP systems?

  • Inconsistent graphical user interface
  • Multiple infrastructures
  • Centralized database (correct)
  • Limited integration across functions

    • What is the concept of Total Cost of Ownership (TCO) in relation to ERP systems?

  • The cost of integrating departments and functions
  • The ongoing cost of implementing and maintaining an ERP system (correct)
  • The initial cost of purchasing an ERP system
  • The cost of training employees to use an ERP system

    • What is the main purpose of integrating departments and functions across an organization in ERP systems?

    <p>To create a unified platform for operations</p> Signup and view all the answers

    What type of interface do ERP systems typically offer?

    <p>Uniform and user-friendly</p> Signup and view all the answers

    What is the role of a centralized database in ERP systems?

    <p>To store data in a central, accessible location</p> Signup and view all the answers

    What is the nature of ERP system implementation?

    <p>A continuous and ongoing exercise</p> Signup and view all the answers

    What is the main advantage of open source ERP systems?

    <p>Higher level of customization</p> Signup and view all the answers

    What is the main disadvantage of open source ERP systems?

    <p>Lack of technical support</p> Signup and view all the answers

    What is the purpose of ERP systems?

    <p>To support all major functions of organizations</p> Signup and view all the answers

    Which of the following is a way to integrate third party products with ERP systems?

    <p>All of the above</p> Signup and view all the answers

    What is the difference between custom ERP and off-the-shelf ERP?

    <p>Custom ERP is developed based on a company's requirements, while off-the-shelf ERP is a generic system</p> Signup and view all the answers

    Which tier of ERP system is used by large companies and is the most robust and complex?

    <p>Tier 1</p> Signup and view all the answers

    What are the sources of variations in processes across companies that could result in industry-specific ERP solutions?

    <p>All of the above</p> Signup and view all the answers

    What factors contribute to the total cost of ownership (TCO) when comparing ERP systems?

    <p>All of the above</p> Signup and view all the answers

    Which type of ERP system is tailored to specific industries and is less customizable?

    <p>Open Source ERP</p> Signup and view all the answers

    What are the advantages of ERP systems?

    <p>All of the above</p> Signup and view all the answers

    What are the disadvantages of using tier 2 or tier 3 ERP solutions?

    <p>Not scalable for companies expanding into different industries</p> Signup and view all the answers

    What are the functionalities of ERP delivered through?

    <p>Modules</p> Signup and view all the answers

    What are third party products in the context of ERP systems?

    <p>Software components to make the system operational</p> Signup and view all the answers

    True or false: ERP systems are designed to integrate data and support all major functions of organizations?

    <p>True</p> Signup and view all the answers

    True or false: ERP systems operate on a unified platform?

    <p>True</p> Signup and view all the answers

    True or false: ERP systems offer a uniform and user-friendly graphical interface?

    <p>True</p> Signup and view all the answers

    True or false: ERP systems integrate various business functions?

    <p>True</p> Signup and view all the answers

    True or false: Data in ERP systems is stored in a central, accessible database?

    <p>True</p> Signup and view all the answers

    True or false: ERP system implementation is a one-time exercise?

    <p>False</p> Signup and view all the answers

    True or false: Open source ERP systems have no upfront costs?

    <p>True</p> Signup and view all the answers

    True or false: Total Cost of Ownership (TCO) is a concept related to ERP systems?

    <p>True</p> Signup and view all the answers

    True or false: ERP systems aim to make information flow dynamic and immediate?

    <p>True</p> Signup and view all the answers

    True or false: The main purpose of integrating departments and functions in ERP systems is to serve the needs of each department?

    <p>True</p> Signup and view all the answers

    True or false: ERP systems are designed to support end-to-end business processes.

    <p>True</p> Signup and view all the answers

    True or false: Third party products in ERP systems are add-on software components that can be purchased or developed.

    <p>True</p> Signup and view all the answers

    True or false: ERP systems come with pre-built integration capabilities to work with some external software.

    <p>True</p> Signup and view all the answers

    True or false: Custom ERP systems are developed based on a company's requirements from scratch.

    <p>True</p> Signup and view all the answers

    True or false: Open Source ERP systems support customizability and improved quality due to involvement of a community of users.

    <p>True</p> Signup and view all the answers

    True or false: Tier 1 ERP systems are the most robust and complex, and are used by large companies globally.

    <p>True</p> Signup and view all the answers

    True or false: Industry-specific ERP solutions cater to the needs of a specific industry, providing functionalities that are a good fit.

    <p>True</p> Signup and view all the answers

    True or false: The total cost of ownership (TCO) for comparing ERP systems includes costs of software, hardware, training, implementation, and customization.

    <p>True</p> Signup and view all the answers

    True or false: ERP systems integrate departments and functions across an organization into a single infrastructure.

    <p>True</p> Signup and view all the answers

    True or false: Off-the-shelf ERP systems are developed and sold by ERP vendors, with the source code protected and not accessible.

    <p>True</p> Signup and view all the answers

    Which tier of ERP system is considered the most robust and complex, and is used by large companies globally?

    <p>Tier 1</p> Signup and view all the answers

    True or false: Custom ERP systems are developed based on a company's requirements from scratch.

    <p>True</p> Signup and view all the answers

    What is the main purpose of integrating departments and functions across an organization in ERP systems?

    <p>To streamline processes and improve efficiency</p> Signup and view all the answers

    True or false: ERP systems operate on a unified platform?

    <p>True</p> Signup and view all the answers

    What is the main advantage of open source ERP systems?

    <p>Customizability and improved quality</p> Signup and view all the answers

    Which of the following is a goal of ERP systems?

    <p>Streamlining processes</p> Signup and view all the answers

    True or false: Tier 2 and Tier 3 ERP solutions are less robust and complex compared to Tier 1 ERP systems?

    <p>True</p> Signup and view all the answers

    What are the sources of variations in processes across companies that could result in industry-specific ERP solutions?

    <p>Industry requirements and regulations</p> Signup and view all the answers

    What is the difference between best of breed, monolithic, and postmodern ERP systems?

    <p>Integration approach</p> Signup and view all the answers

    True or false: ERP systems integrate various business functions?

    <p>True</p> Signup and view all the answers

    Which of the following is a defining characteristic of public cloud computing?

    <p>Made available to a specific industry group</p> Signup and view all the answers

    What is a limitation of cloud ERP?

    <p>Lack of transparency and control</p> Signup and view all the answers

    Which layer of software applications contains instructions for input and output?

    <p>Presentation layer</p> Signup and view all the answers

    What are the weaknesses of monolithic systems?

    <p>Too big, complex and expensive</p> Signup and view all the answers

    True or false: Industry-specific ERP solutions prioritize functional fit and usability over value integration.

    <p>False</p> Signup and view all the answers

    What is the main advantage of open source ERP systems?

    <p>Higher customization options</p> Signup and view all the answers

    What are the sources of variations in processes across companies that could result in industry-specific ERP solutions?

    <p>Different industry regulations</p> Signup and view all the answers

    What is the purpose of ERP systems?

    <p>To enable process simplification and standardization</p> Signup and view all the answers

    True or false: Off-the-shelf ERP systems have their source code accessible.

    <p>False</p> Signup and view all the answers

    What type of interface do ERP systems typically offer?

    <p>Uniform and user-friendly graphical interface</p> Signup and view all the answers

    Which type of ERP system provides a single, comprehensive software solution that covers a wide range of business functions in one package?

    <p>Monolithic ERP</p> Signup and view all the answers

    What is the main disadvantage of monolithic ERP systems?

    <p>Limited flexibility and potential compromises in certain functionalities</p> Signup and view all the answers

    What is the main advantage of a 2-tier ERP strategy?

    <p>Offers flexibility and the ability to choose the best solutions for core and niche needs</p> Signup and view all the answers

    What is the main goal of postmodern ERP systems?

    <p>To automate and link administrative and operational business capabilities</p> Signup and view all the answers

    What is the concept of cloud computing in relation to ERP systems?

    <p>A form of standardized IT-based capability offered by a service provider</p> Signup and view all the answers

    What are the weaknesses of monolithic ERP systems?

    <p>Limited flexibility and potential compromises in certain functionalities</p> Signup and view all the answers

    What is the main advantage of postmodern ERP systems?

    <p>Offers flexibility and the ability to choose the best solutions for core and niche needs</p> Signup and view all the answers

    What is the main disadvantage of a best of breed ERP strategy?

    <p>Difficult to make rapid changes and heavy customization</p> Signup and view all the answers

    What is the main advantage of customization ERP systems?

    <p>Offers flexibility and the ability to choose the best solutions for core and niche needs</p> Signup and view all the answers

    What is the main disadvantage of postmodern ERP systems?

    <p>Difficult to make rapid changes and heavy customization</p> Signup and view all the answers

    Which type of ERP system is developed based on a company's requirements from scratch?

    <p>Custom ERP</p> Signup and view all the answers

    What are third party products in the context of ERP systems?

    <p>Software components that add missing functionality</p> Signup and view all the answers

    What is the main advantage of open source ERP systems?

    <p>Higher customizability</p> Signup and view all the answers

    What are the weaknesses of monolithic ERP systems?

    <p>Lack of scalability</p> Signup and view all the answers

    Which tier of ERP system is used by large companies globally and is the most robust and complex?

    <p>Tier 1</p> Signup and view all the answers

    What factors contribute to the total cost of ownership (TCO) when comparing ERP systems?

    <p>All of the above</p> Signup and view all the answers

    What is the main disadvantage of postmodern ERP systems?

    <p>Lack of flexibility</p> Signup and view all the answers

    What is the main goal of postmodern ERP systems?

    <p>Integration of departments and functions</p> Signup and view all the answers

    What is the main advantage of open source ERP systems?

    <p>Higher customizability</p> Signup and view all the answers

    What are the disadvantages of using tier 2 or tier 3 ERP solutions?

    <p>Lack of scalability</p> Signup and view all the answers

    Which of the following is a feature of ERP systems?

    <p>Integration across functions</p> Signup and view all the answers

    What is the main goal of ERP systems?

    <p>To make data flow dynamic and immediate</p> Signup and view all the answers

    What is the main disadvantage of open source ERP systems?

    <p>Higher cost of ownership</p> Signup and view all the answers

    What is the concept of Total Cost of Ownership (TCO) for ERP systems?

    <p>The overall cost of owning and maintaining an ERP system</p> Signup and view all the answers

    What is the main advantage of postmodern ERP systems?

    <p>Improved scalability and flexibility</p> Signup and view all the answers

    Which type of ERP system provides a single, comprehensive software solution?

    <p>Tier 1 ERP system</p> Signup and view all the answers

    What is the main disadvantage of a best of breed ERP strategy?

    <p>Lack of integration between systems</p> Signup and view all the answers

    What is a key feature of cloud ERP?

    <p>Scalability and accessibility</p> Signup and view all the answers

    What are third party products in the context of ERP systems?

    <p>Add-on software components purchased or developed</p> Signup and view all the answers

    What is the main advantage of a 2-tier ERP strategy?

    <p>Lower implementation costs</p> Signup and view all the answers

    Which type of feasibility assessment technique evaluates the extent to which an ERP system can be successfully designed and installed?

    <p>Technical Feasibility Assessment</p> Signup and view all the answers

    What is the key question addressed by the Operational/Organizational Feasibility Assessment?

    <p>Does the system align with organizational objectives?</p> Signup and view all the answers

    What is the key question addressed by the Economic Feasibility Assessment?

    <p>Is the anticipated value of benefits greater than costs?</p> Signup and view all the answers

    What is the key question addressed by the Technical Feasibility Assessment?

    <p>Can we build/implement it?</p> Signup and view all the answers

    Which feasibility assessment technique measures how well an ERP system solves a problem and is accepted by users into ongoing operations?

    <p>Operational/Organizational Feasibility Assessment</p> Signup and view all the answers

    What is the key question addressed by the Operational/Organizational Feasibility Assessment?

    <p>If we build it, will they use it?</p> Signup and view all the answers

    What is the key question addressed by the Economic Feasibility Assessment?

    <p>Is the anticipated value of benefits greater than costs?</p> Signup and view all the answers

    What is the key question addressed by the Technical Feasibility Assessment?

    <p>Can we build/implement it?</p> Signup and view all the answers

    Which feasibility assessment technique evaluates the extent to which an ERP system can be successfully designed and installed?

    <p>Technical Feasibility Assessment</p> Signup and view all the answers

    Which of the following is NOT a goal of having a business case for ERP implementation?

    <p>Create a base for evaluation and follow up once the investment is completed</p> Signup and view all the answers

    What is the purpose of a feasibility study in the context of ERP implementation?

    <p>To gather broad data for management to decide whether or not to proceed with a project</p> Signup and view all the answers

    Which assessment is NOT included in the objectives of feasibility assessment for ERP implementation?

    <p>Operational Suitability</p> Signup and view all the answers

    What does the economic assessment in a feasibility assessment for ERP implementation involve?

    <p>Checking if the benefits outweigh the costs</p> Signup and view all the answers

    What is the purpose of the legal evaluation in a feasibility assessment for ERP implementation?

    <p>To examine if the project can meet various regulatory and ethical requirements</p> Signup and view all the answers

    What is the main objective of the operational suitability assessment in a feasibility assessment for ERP implementation?

    <p>To assess if the project aligns with the organization's culture</p> Signup and view all the answers

    What does the schedule review in a feasibility assessment for ERP implementation determine?

    <p>If the alternatives can be completed within the required timeframe or any mandatory deadlines</p> Signup and view all the answers

    What is the purpose of a business case for ERP implementation?

    <p>To justify business change in terms of expected costs and benefits</p> Signup and view all the answers

    What is the role of a business case in ERP implementation?

    <p>To secure commitment from business leaders</p> Signup and view all the answers

    Which of the following is a disadvantage of customization in ERP implementation?

    <p>Increased support and maintenance</p> Signup and view all the answers

    Why might customization be necessary in ERP implementation?

    <p>To comply with regulatory requirements</p> Signup and view all the answers

    What is the main difference between single vendor systems and Best of Breed (BoB) strategy in ERP implementation?

    <p>Single vendor systems provide functionalities from multiple vendors</p> Signup and view all the answers

    What are the problems associated with Best of Breed (BoB) strategy in ERP implementation?

    <p>Corporate information is distributed across multiple applications and platforms</p> Signup and view all the answers

    What is a vanilla implementation in ERP?

    <p>Implementing ERP without any modifications</p> Signup and view all the answers

    What is a key factor to consider in customization of ERP systems?

    <p>Integration with other systems</p> Signup and view all the answers

    What is a disadvantage of Best of Breed (BoB) strategy in ERP implementation?

    <p>Corporate information is distributed across multiple applications and platforms</p> Signup and view all the answers

    Why might customization be necessary in ERP implementation?

    <p>To comply with regulatory requirements</p> Signup and view all the answers

    What is a key factor to consider in customization of ERP systems?

    <p>Integration with other systems</p> Signup and view all the answers

    What is a disadvantage of customization in ERP implementation?

    <p>Increased support and maintenance</p> Signup and view all the answers

    Which of the following is a reason for considering Best of Breed (BoB) solutions?

    <p>ERP systems cannot be everything to everyone</p> Signup and view all the answers

    Which of the following is a variation of the 2-tiered ERP strategy?

    <p>Two Tier, Option 6: A core ERP in Tier 1 + different ERP products from different vendors</p> Signup and view all the answers

    What does an ERP instance refer to?

    <p>Multiple installations of ERP systems for each region/division</p> Signup and view all the answers

    What is a reason for having multiple instances of ERP systems?

    <p>Differences in business units</p> Signup and view all the answers

    What are the potential drawbacks of using a single instance of ERP system?

    <p>Downtimes are more costly and may last longer</p> Signup and view all the answers

    What is the main advantage of a 2-tier ERP strategy?

    <p>Greater flexibility</p> Signup and view all the answers

    What are the differences between Tier 1 and Tier 2 ERP solutions?

    <p>Tier 1 is more robust and complex, used by large companies globally</p> Signup and view all the answers

    What is the purpose of a business case for ERP implementation?

    <p>To justify the investment in an ERP system</p> Signup and view all the answers

    What is the main disadvantage of a best of breed ERP strategy?

    <p>Users must learn different user interfaces and systems</p> Signup and view all the answers

    What are the potential drawbacks of using open source ERP systems?

    <p>Lower quality and reliability</p> Signup and view all the answers

    Which of the following is NOT included in the requirements for an ERP system?

    <p>Vendor information</p> Signup and view all the answers

    What does the term 'ERP strategy' refer to?

    <p>The business strategy supported by the ERP technology strategy</p> Signup and view all the answers

    What does the term 'flexibility' refer to in the context of ERP systems?

    <p>The level of responsiveness</p> Signup and view all the answers

    What does the term 'centralization' refer to in the context of ERP systems?

    <p>The decision-making structure</p> Signup and view all the answers

    What does the term 'common client vs multiple clients' refer to in the context of ERP systems?

    <p>The number of installations</p> Signup and view all the answers

    What is the difference between 'best practices' and 'multiple processes' in ERP systems?

    <p>Vanilla implementation (BPR) vs customization/best of breed</p> Signup and view all the answers

    What is the main purpose of a business case for ERP implementation?

    <p>To evaluate the economic feasibility of implementing an ERP system</p> Signup and view all the answers

    What is the main advantage of open source ERP systems?

    <p>No upfront costs</p> Signup and view all the answers

    What is the main disadvantage of postmodern ERP systems?

    <p>Lack of integration</p> Signup and view all the answers

    What is the main goal of a 2-tier ERP strategy?

    <p>To integrate multiple systems</p> Signup and view all the answers

    Which of the following is a challenge in selecting the 'right' ERP system?

    <p>Difficulty in comparing different ERP solutions</p> Signup and view all the answers

    What is the purpose of a Request for Proposals (RFP) in the ERP system selection process?

    <p>To solicit proposed solutions from ERP vendors</p> Signup and view all the answers

    Which of the following is included in the content of a Request for Proposals (RFP)?

    <p>Background information of the organization</p> Signup and view all the answers

    What is the main advantage of using a Request for Proposals (RFP) in the ERP system selection process?

    <p>It can yield significant software savings</p> Signup and view all the answers

    What is the role of the Technical Feasibility Assessment in the ERP system selection process?

    <p>To assess if the ERP system can be implemented from a technical standpoint</p> Signup and view all the answers

    What is the main goal of postmodern ERP systems?

    <p>To provide modular and flexible ERP solutions</p> Signup and view all the answers

    What is the main disadvantage of a best of breed ERP strategy?

    <p>Integration challenges between different applications</p> Signup and view all the answers

    What is the purpose of a feasibility study in the context of ERP implementation?

    <p>To assess the viability of implementing an ERP system</p> Signup and view all the answers

    What is the main advantage of open source ERP systems?

    <p>Customizability and community support</p> Signup and view all the answers

    What are the differences between Tier 1 and Tier 2 ERP solutions?

    <p>Complexity and scalability</p> Signup and view all the answers

    Which of the following is NOT a purpose of fit-gap analysis?

    <p>Assessing the effectiveness of process reference models</p> Signup and view all the answers

    What are the two main capabilities required for an effective fit-gap analysis?

    <p>Detailed understanding of characteristics and components of the organization</p> Signup and view all the answers

    What are process reference models used for in fit-gap analysis?

    <p>To provide a basis for matching ERP system with company's requirements</p> Signup and view all the answers

    True or false: Process reference models can only be used by the implementation team.

    <p>False</p> Signup and view all the answers

    What is the purpose of process reference models in fit-gap analysis?

    <p>To describe the business processes supported by an ERP system</p> Signup and view all the answers

    True or false: The greater the misfit in fit-gap analysis, the less risky and costly the implementation.

    <p>False</p> Signup and view all the answers

    When is fit-gap analysis typically performed in ERP implementations?

    <p>At various stages throughout the implementation process</p> Signup and view all the answers

    What is the purpose of determining interfacing requirements in fit-gap analysis?

    <p>To identify the needs for connecting with other systems or components</p> Signup and view all the answers

    What does fit-gap analysis provide a measure of?

    <p>The fit between business processes and ERP system</p> Signup and view all the answers

    Which method for conducting fit-gap analysis involves installing ERP in a simulated test environment?

    <p>Simulation based</p> Signup and view all the answers

    Which method for conducting fit-gap analysis involves facilitated workshops with consultants and business users?

    <p>Brainstorming discussion based</p> Signup and view all the answers

    Which method for conducting fit-gap analysis involves comparing company AS-IS models with ERP reference model?

    <p>Process based</p> Signup and view all the answers

    Which method for conducting fit-gap analysis involves the use of questionnaires?

    <p>Questionnaire based</p> Signup and view all the answers

    What is the purpose of process modeling in an ERP implementation?

    <p>To bridge the divide between business strategy and ERP implementation</p> Signup and view all the answers

    What are the benefits of diagrammatical models for process representation in an ERP implementation?

    <p>To reduce misunderstandings among stakeholders</p> Signup and view all the answers

    What is an Event-driven Process Chain (EPC) model used for?

    <p>Business process modeling</p> Signup and view all the answers

    What does an Event-driven Process Chain (EPC) model specify?

    <p>The way and time a reaction that causes a change should happen</p> Signup and view all the answers

    What is the flow of a process represented by in an EPC model?

    <p>Events</p> Signup and view all the answers

    What is the purpose of an EPC model in an ERP implementation?

    <p>To specify the flow of a process</p> Signup and view all the answers

    Which of the following is NOT a challenge in selecting the 'right' ERP system?

    <p>Differences in ERP solutions</p> Signup and view all the answers

    What is the role of a Request for Proposals (RFPs) in the selection process?

    <p>To solicit proposed solutions from vendors</p> Signup and view all the answers

    What is the main purpose of a business case for ERP implementation?

    <p>To justify the investment in ERP system</p> Signup and view all the answers

    Which of the following is NOT a goal of having a business case for ERP implementation?

    <p>To evaluate different ERP solutions</p> Signup and view all the answers

    What is a key factor to consider in customization of ERP systems?

    <p>Cost</p> Signup and view all the answers

    What are the sources of variations in processes across companies that could result in industry-specific ERP solutions?

    <p>Unique business requirements</p> Signup and view all the answers

    What is the main advantage of postmodern ERP systems?

    <p>Flexibility to integrate best-of-breed applications</p> Signup and view all the answers

    What is a limitation of cloud ERP?

    <p>Dependency on internet connectivity</p> Signup and view all the answers

    What is the main advantage of open source ERP systems?

    <p>Lower licensing costs</p> Signup and view all the answers

    What is the difference between generic and industry-specific ERP solutions?

    <p>Generic ERP solutions cater to a wide range of industries, while industry-specific ERP solutions are tailored to the needs of a specific industry</p> Signup and view all the answers

    Which of the following best describes the purpose of Enterprise Architecture?

    <p>To align IT goals with enterprise goals</p> Signup and view all the answers

    What is the main focus of Enterprise Architecture?

    <p>The relationships between subsystems</p> Signup and view all the answers

    Which of the following is NOT a purpose of Enterprise Architecture?

    <p>To develop IT strategies for an enterprise</p> Signup and view all the answers

    What is the role of Enterprise Architecture in an enterprise?

    <p>To maintain the learning capabilities of an enterprise</p> Signup and view all the answers

    Which of the following is a key characteristic of Enterprise Architecture?

    <p>It is a tool to implement IT strategies</p> Signup and view all the answers

    What does Enterprise Architecture describe?

    <p>The entities and relationships of an enterprise</p> Signup and view all the answers

    What is the relationship between Enterprise Architecture and IT goals?

    <p>Enterprise Architecture aligns IT goals with enterprise goals</p> Signup and view all the answers

    What is the main purpose of Enterprise Architecture?

    <p>To align enterprise goals with IT</p> Signup and view all the answers

    What is the relationship between Enterprise Architecture and strategy implementation?

    <p>Enterprise Architecture is a tool to implement strategy</p> Signup and view all the answers

    What does Enterprise Architecture help an enterprise do?

    <p>Learn, grow, innovate, and respond to market demands</p> Signup and view all the answers

    Which of the following is NOT a benefit of Enterprise Architecture?

    <p>Maintains legal and regulatory standards</p> Signup and view all the answers

    What is the role of reference architectures in building Enterprise Architecture?

    <p>Embodies 'best practice'</p> Signup and view all the answers

    What is the concept of enterprise integration?

    <p>All of the above</p> Signup and view all the answers

    Which level of enterprise integration involves the coordination of functions?

    <p>Business integration</p> Signup and view all the answers

    What is the main disadvantage of the point-to-point EAI strategy for enterprise integration?

    <p>Scalability issues</p> Signup and view all the answers

    What is the main advantage of the hub-and-spoke EAI strategy for enterprise integration?

    <p>Centralized control</p> Signup and view all the answers

    What is the main advantage of using a Request for Proposals (RFP) in the ERP system selection process?

    <p>Reusability</p> Signup and view all the answers

    What is the main advantage of a 2-tier ERP strategy?

    <p>Scalability</p> Signup and view all the answers

    What is a key feature of cloud ERP?

    <p>Scalability</p> Signup and view all the answers

    True or false: Tier 2 and Tier 3 ERP solutions are less robust and complex compared to Tier 1 ERP systems?

    <p>False</p> Signup and view all the answers

    Study Notes

    Goals of ERP Systems

    • ERP systems enhance information flow, making it dynamic and immediate, increasing data usefulness and value.
    • Aim to integrate departments and functions within an organization into a unified infrastructure catering to each department's needs.

    Features of ERP Systems

    • Operate on a single infrastructure, ensuring all processes work seamlessly together.
    • Offer a consistent graphical user interface (GUI) for user-friendly experiences.
    • Integrate various business functions, centralizing data management.
    • Store data in a centralized database, ensuring accessibility across the organization.

    ERP Implementation

    • Implementation is a continuous process, often requiring ongoing adjustments and updates.

    Open Source ERP Systems

    • Provide advantages such as support for open standards, allowing third-party contributions and extensions.
    • Use open data formats that enable data access without proprietary restrictions.
    • Allow for high customizability, enabling users to modify software to meet specific requirements.
    • Benefit from community involvement that enhances software quality and speeds up development.

    Total Cost of Ownership (TCO)

    • TCO serves as a comparative measure, considering software licenses, hardware costs, annual maintenance, training, implementation, and customization expenses.
    • Important for understanding long-term investments in ERP systems.

    ERP Modules

    • ERP functionalities are delivered through specialized modules that support comprehensive business policies and processes.
    • Organizations can configure ERP systems with only the modules they require for specific needs.

    Integration with Third-Party Products

    • Third-party products enhance ERP functionality and may be integrated through:
      • Pre-built integration capabilities provided by the ERP vendor (e.g., APIs).
      • Development of proprietary APIs or acquisition from third-party vendors.
      • ERP vendor tools for facilitating integrations (e.g., Oracle Cloud).
      • Third-party integration platforms (e.g., MuleSoft, Boomi).

    Types of ERP Systems

    • Custom ERP: Developed from scratch based on specific company requirements, either in-house or outsourced.
    • Off-the-Shelf (Proprietary) ERP: Provided by vendors with a closed-source model, designed generically for broad market application.

    Industry-Specific ERP Solutions

    • Tailored to address unique requirements within specific industries (e.g., oil and gas exploration, manufacturing).
    • More effective in managing processes that vary due to industry regulations and operational needs.

    Marketplace Tiers of ERP Systems

    • Tier 1: Most robust and complex, used by large global companies.
    • Tier 2: Mid-range in complexity and size, suitable for mid to large companies.
    • Tier 3: Designed for small to mid-sized companies, offering less customization and simpler operations.

    Pricing Factors for Off-the-Shelf ERP Systems

    • Influenced by the number of users, licensing models (subscription vs. perpetual), deployment methods (cloud vs. on-premise), necessary customizations, availability of add-on modules, implementation plans, user training, support, and hardware upgrades.

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    Description

    Test your knowledge about the goals and features of Enterprise IS - Part 1. Learn about the importance of information flow and integration in ERP systems.

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