39 Questions
What function does the Sales and Marketing module provide?
Quotation, purchase order, delivery reply, shipping and invoicing
Which module is responsible for organizing and managing the resources to achieve the company business plan and objective?
Project management
What is the primary function of the Purchasing module?
Providing control on the cost of procurement
Which module is responsible for managing employee data and performance evaluation?
Human Resources
What is the primary function of the Manufacturing module?
Inventory management, quality control, and manufacturing execution
Which module is responsible for managing financial reporting and accounting?
Finance
What is the primary function of the Supply Chain Management module?
Planning, execution, control, and monitoring supplier activities
Which module is responsible for managing customer relationships?
Customer Relation Management
What percentage of logistics cost reduction is expected upon AI implementation?
60%
What is the reduction in Forwarding Charges?
MYR 50
What is the primary goal of 'Identifying problem' in the KPI report?
Reduce roll over problems
What is the benefit of having a 'Data warehouse'?
Avoid long investigation
What is the purpose of 'Visibility on operation' in the KPI report?
Clear and healthy operation
What is the consequence of unproven factor in the KPI report?
Cost paid due to unproven factor
What is the purpose of 'Avoid loss cost' in the KPI report?
Reduce hidden cost
What is the primary benefit of order consolidation in a TMS?
Reduced costs and improved efficiency
What is the primary goal of 'Best vendor' in the KPI report?
Identify best vendor
What is the primary function of a WMS in an ERP system?
Inventory management and stock balance
What is the primary function of a TMS in an ERP system?
Logistics and distribution monitoring
What is the primary function of an MRP in an ERP system?
Procurement and production monitoring
What is the primary benefit of ERP system integration?
Streamlined information flow and end-to-end logistics
What is the primary purpose of performance analytics and KPIs in a TMS?
To measure performance and identify areas for improvement
What is the primary purpose of a TMS in ensuring compliance?
To ensure compliance with transportation regulations
What is the primary benefit of real-time tracking and visibility in a TMS?
Better decision-making and improved customer satisfaction
What is the primary purpose of an ERP system in logistics and distribution?
To monitor ordering and production planning
What is the primary benefit of integrating a WMS with a TMS?
Streamlined inventory management and logistics
What is one of the benefits of Industry 4.0 technologies in logistics management?
Optimizing routes and reducing energy consumption
What is one of the challenges that Logistics Management faces?
Labor shortage and skill gap
What is one of the benefits of using Big Data Analytics in Logistics?
Predicting demand fluctuations
What is one of the applications of Artificial Intelligence in logistics?
Implementing AI assisted operation
What is one of the reasons for the need of AI in Logistics management?
Increase in oil price
What is one of the features of Industry 4.0?
Automation and Robotics
What is one of the benefits of 5G network services in Industry 4.0?
Connected information on real-time basis
What is one of the applications of Machine Learning in Industry 4.0?
Predictive maintenance
What is one of the features of Digital Twin in Industry 4.0?
Virtual simulation
What is one of the benefits of Industry 4.0 technologies in manufacturing?
Minimizing waste
What is one of the challenges of logistics innovation?
Initial investment
What is a major concern for automated systems?
Cybersecurity threats
What is a required step for employees in logistics innovation?
Training to adapt to automated systems
Study Notes
Enterprise Resource Planning (ERP)
- ERP system provides various functions such as sales and marketing, project management, purchasing, human resources, supply chain management, finance, and order consolidation.
ERP System Integration
- ERP system is integrated with MRP (Manufacturing Resource Planning) for production planning, WMS (Warehouse Management System) for inventory management, and TMS (Transport Management System) for logistics and distribution monitoring.
ERP System Functions
- Provides quotation, purchase order, delivery reply, shipping, and invoicing functions
- Manages employee database, attendance, performance evaluation, and payroll
- Executes and controls manufacturing processes, including inventory management, quality control, and product data management
- Manages supply chain activities, including planning, execution, and monitoring
- Provides financial management functions, including business planning, balance sheets, profit and loss statements, and trial balances
Industry 4.0 Technologies
- Includes Internet of Things (IoT), Cloud Computing, Artificial Intelligence (AI), Advanced Robotics, Digital Twins, Machine Learning, 5G, Cyber Security, and 3D Printing
- Enables efficient operation with the combination of hardware and software
- Industry 4.0 technologies have transformed the manufacturing and service industry
Benefits of Digitalization and Automation
- Reduces logistics costs, including freight charges and forwarding charges
- Increases efficiency and productivity in logistics operations
- Provides real-time visibility and tracking of shipments and inventory
- Enables data-driven decision making with predictive analytics
Challenges in Logistics Innovation
- Initial investment costs for automation technologies
- Integration complexity with existing infrastructure and processes
- Workforce transition and training for adapting to automation
- Regulatory compliance and cybersecurity concerns
Predictive Analytics in Logistics Forecasting
- Uses data and predictive analytics to optimize the supply chain and digitize operations
- Enables companies to gain visibility into their operations and make data-driven decisions
AI Intervention in Logistics
- Top logistics companies, such as DHL Supply Chain and Maersk Line, are investing in AI and emerging technologies to optimize their operations and reduce costs
- AI is used to gain visibility, predict demand, and optimize routes and inventory management
This quiz covers the basics of Enterprise Resource Planning (ERP) systems, including sales, marketing, human resources, project management, and manufacturing functions.
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