ERP-REVIEWER_PCBEA-18-702P PDF

Enterprise Resource Planning Section Code: PCBEA-18-702P 1._______________programs are core software used by companies to coordinate information in every area of the business. Answer: Enterprise Resource Planning (ERP). 2. ____________is a collection of activities that takes one or more kinds of in...

Enterprise Resource Planning Section Code: PCBEA-18-702P 1._______________programs are core software used by companies to coordinate information in every area of the business. Answer: Enterprise Resource Planning (ERP). 2. ____________is a collection of activities that takes one or more kinds of input and creates an output, such as a report or forecast, that is of value to the customer. Answer: Business Process 3. If data are inaccurate or not current, manufacturing may run out of raw material or packaging, such a shortfall is called a __________. Answer: Stockout 4. To avoid stockouts, management might carry extra raw material and packaging, known as ___________. Answer: Safety stock 5. ___________ includes the computers, people, procedures, and software that store, organize, and deliver information. Answer: Information system (IS) 6. ____________are analyses that attempt to predict the future sales of a product. Answer: Sales forecasts 7. ____________ are simply numbers collected from those operations, without any manipulation, calculation, or arrangement for presentation. Answer: Raw data 8. ____________ sets product prices, promotes products through advertising and marketing, takes customer orders, supports customers, and create sales forecasts. Answer: Marketing and Sales 9. _____________ means that when a piece of equipment's capacity is exhausted, its capacity can be increased by adding new hardware. Answer: Scalability 10.____________ was founded by David Duffield. Answer: PeopleSoft 11. ____________ develops production plans, orders raw materials from suppliers, receives the raw material into the facility, manufactures products, maintains facilities, and ships products to customers. Answer: Supply Chain Management 12. _______________ performs financial accounting to provide summaries of operational data in managerial reports, and also is responsible for tasks such as con-trolling accounts, planning and budgeting, and cash flow management. Answer: Accounting and Finance 13. ___________ recruits, hires, trains, and compensates employees, ensures compliance with government regulations, and oversees the evaluation of employees. Answer: Human Resources 14. The ____________ module records sales orders and scheduled deliveries. Answer: Sales and Distribution (SD) 15. The ____________ module manages the acquisition of raw materials from suppliers (purchasing) and the subsequent handling of raw materials inventory, from storage to work-in- progress goods to shipping of finished goods to the customer. Answer: Materials Management (MM) 16. The ____________ module maintains production information. Here production is planned and scheduled, and actual production activities are recorded. Answer: Production Planning (PP) 17. The __________ module plans and records quality control activities, such as product inspections and material certifications. Answer: Quality Management (QM) 18. The ___________module manages maintenance resources and planning for preventive maintenance of plant machinery, to minimize equipment breakdowns. Answer: Plant Maintenance (PM) 19. The ________________ module helps the company to manage fixed-asset purchases (plant and machinery) and related depreciation. Answer: Asset Management (AM) 20. The ___________module allows the planning for and control over new R&D, construction, and marketing projects. Answer: Project System (PS) 21. The ___________ module records transactions in the general ledger accounts. Answer: Financial Accounting (FI) 22. ____________ is a set of tools that can be used to automate any of the activities in SAP ERP. Answer: Workflow (WF) module 23. The ___________ module serves internal management purposes, assigning manufacturing costs to products and to cost centers, so that the profitability of the company's activities can be analyzed. Answer: Controlling (CO) 24. ____________ an assessment of investment project's value, calculated by dividing the values of the project's benefits by the project's cost. Answer: Return on Investment (ROI) 25. ____________ means releasing the documents that the warehouse uses to pick, pack, and ship orders, rather than the traditional definition of transferring goods. Answer: Delivery 26. _________ the process of determining how much to charge a particular customer, can be very complex. Answer: Pricing 27. _____________ help companies streamline their interactions with customers. Answer: (CRM) Customer Relationship Management 28. ________________ is the amount of the bars that can be produced. Answer: Capacity 29. ______________ are the normal costs of manufacturing a product, and they are calculated from historical data and any changes in manufacturing that have occurred since the collection of historical data. Answer: Standard Costs 30. _____________ is the process of developing a prediction of future demand for a company's products. Answer: Sales Forecasting 31. ___________ is the process of determining what the company will produce. Answer: Sales and Operations Planning (SOP) 32. _____________ is the process of breaking down the production plan into finer time units, such as weekly or even daily production figures, to meet demand for individual products. Answer: Demand Management 33. ________________ began in 1977 as Software Development Laboratories (SDI). Answer: Oracle 34. ______________ uses demand management's production plans as an input for a production schedule. Answer: Detailed Scheduling 35. ____________ uses detailed schedule to manage daily operations, answering the questions, " What should we be producing?" and "What staffing do we need to produce those products?". Answer: Production 36. ______________ determines the amount and timing of raw material orders. Answer: Materials Requirements Planning (MRP) 37. _________________ is a common term in manufacturing for aggregate planning. Answer: Rough-cut Planning 38. The output of the demand management process is the _____________. Answer: Master Production Schedule (MPS) 39. ______________ is a list of the materials (including quantities) needed to make a product. Answer: Bill of Material (BOM) 40. ________________ is the cumulative time required for the supplier to receive and process the order, take the material out of stock, package it, load it on a truck, and deliver it to the manufacturer. Answer: Lead Time 41. ____________ refers to the process of determining production quantities (for raw materials produced in-house) and order quantities (for purchased items). Answer: Lot Sizing 42. _______________ environments usually involve production lines that are switched from one product to another similar product. Answer: Repetitive Manufacturing 43. _______________ describes all of the activities that occur between the growing or mining of raw materials and the appearance of finished products on the store shelf. Answer: Supply Chain 44. ______________ is the percentage of the order that the supplier provided in the first shipment. Answer: Initial fill rate 45. Performance measurements sometimes referred to as ___________. Answer: Metrics 46. ________________ software previous versions were known as R/3. Answer: SAP ERP 47. The technology to hold that data in an organized fashion, and to retrieve data easily, is the database management system, known as a ____________. Answer: DBMS 48. In _________, SAP realized the potential of client-server hardware architecture and began development of its R/3 system to take advantage of client-server technology. Answer: 1988 49. _____________ are a valuable asset to the firm, and M/S needs to interact with human resources to exchange information on hiring needs, legal requirements, and other matters. Answer: People 50. In the _________, relational database software was developed, providing businesses with the ability to store, retrieve, and analyze large volumes of data. Answer: 1970s