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Business intelligence (BI) is a term used to describe a range of different applications
and technologies used to extract and analyze large amounts of data to aid in decision
making.
Not every company is a good match with the constraints inherent in ERP.
Discuss the various costs associated with the implementation of an ERP system for a
large company and for a midsize company. How long does implementation take?
With a properly configured and managed ERP system, there are direct links between the
company's ____________________ and individual transactions that make up the
statements, so that fraud and abuse can be detected more easily.
Choose an example company and give situations for each business process in the
accompanying figure. Depending on your major or interest, choose one functional area
of operation.
Figure 1-1 Examples of functional areas of operation and their business functions
Materials requirements prediction (MRP) software allows a plant manager to plan
production and raw materials requirements by guess-timation.
____________________ refers to the process of determining production quantities (for
raw materials produced in-house) and order quantities (for purchased items).
ERP systems are necessary to implement good supply chain management.
Another name for an income statement is a profit and loss statement.
What are integrated information systems?
In SAP R/3, the linked set of document numbers is called the "document flow".
The complex hardware and software that goes into an ERP system was not available
until the 1970s.
Business analytics is the concept of developing strategic goals for the organization and
then gathering data to evaluate how the organization is performing in relation to those
goals.
The functional model of business and management was useful for decades and is still
the current school of thought.
In an ERP system, data does not flow from one module to another.
