Podcast
Questions and Answers
What problem does an ERP system solve?
What problem does an ERP system solve?
- Employee motivation and productivity issues
- Lack of customer relationship management tools
- Supply chain management inefficiencies
- Data fragmentation and duplication in different departments (correct)
What are the elements of an ERP system?
What are the elements of an ERP system?
- Modules for different functional areas, a centralized database, and a set of standardized procedures (correct)
- Marketing strategies, production equipment, and inventory management techniques
- Employee training programs, customer support tools, and financial reporting templates
- Networking hardware, cybersecurity protocols, and data backup systems
What are the challenges of implementing an ERP system?
What are the challenges of implementing an ERP system?
- Lack of skilled employees, excessive customization, and overestimation of benefits
- Insufficient market research, weak leadership, and regulatory compliance issues
- Inadequate hardware, limited software options, and poor vendor support
- Resistance to change, high implementation costs, and data migration complexities (correct)
What makes SAP different from other ERP products?
What makes SAP different from other ERP products?
What is a challenge of implementing an ERP system?
What is a challenge of implementing an ERP system?
What is a potential issue related to ERP customization?
What is a potential issue related to ERP customization?
What type of organizations use ERP systems?
What type of organizations use ERP systems?
What is a potential challenge for international firms using ERP systems?
What is a potential challenge for international firms using ERP systems?
What is a potential challenge of a functional organizational structure?
What is a potential challenge of a functional organizational structure?
What is a disadvantage of tall hierarchies in (multi)divisional structures?
What is a disadvantage of tall hierarchies in (multi)divisional structures?
What is a challenge associated with matrix structures?
What is a challenge associated with matrix structures?
What is essential for (multi)divisional structures to balance?
What is essential for (multi)divisional structures to balance?
What problem do ERP systems aim to solve?
What problem do ERP systems aim to solve?
What is the role of Enterprise Application Integration (EAI) in addressing information silos?
What is the role of Enterprise Application Integration (EAI) in addressing information silos?
When did ERP systems expand to incorporate all resource planning for the entire enterprise?
When did ERP systems expand to incorporate all resource planning for the entire enterprise?
In which decade did MRP II systems evolve to incorporate financial accounting and management systems?
In which decade did MRP II systems evolve to incorporate financial accounting and management systems?
What are the components of an ERP system?
What are the components of an ERP system?
What is included in ERP software?
What is included in ERP software?
What is a benefit of ERP systems according to the text?
What is a benefit of ERP systems according to the text?
Who are the people involved in ERP implementation according to the text?
Who are the people involved in ERP implementation according to the text?
Study Notes
Advantages and Disadvantages of Implementing ERP Systems
- Positive effects of ERP introduction: standardized purchasing process, effective management, higher bargaining power
- ERP solves problems at single process level by orchestrating the process with clear objectives and measures
- ERP solves problems at organization level by providing clear objectives and measures for unexpected opportunities
- Elements of an ERP system include SCM, manufacturing, CRM, HR, and accounting functions
- Five components of an ERP system: software, hardware, data, procedures, and people
- ERP software includes configuration decisions and customization for customer requirements
- ERP hardware includes a variety of hardware and cloud implications for lower costs and global scalability
- ERP procedures improve control and require training, leading to expensive procedures
- People involved in ERP include users, systems analysts, and consultants, with success based on process understanding and ability to work with people
- Cloud implications of ERP include lower costs, global scalability, better performance, security, reliability, and simplicity in data backup
- ERP systems are more than an IS with inherent business processes and process blueprints
- Benefits of ERP system include trends, best practices, better control, no silos problem, and easier data exchange with partners
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Description
Test your knowledge of ERP systems with this quiz that covers the advantages and disadvantages of implementing ERP systems, including positive effects, elements, components, software, hardware, procedures, people involved, and cloud implications.
