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Quick Check - Topic 11

QuestionAnswer
What does MRP enable you to do better? - Engineering design and blueprinting - Consolidating accounts payable - Marketing planning and execution - Production planning and scheduling - Sales forecasting and implementation Production planning and scheduling
When did Material Requirements Planning start to gain traction (i.e., widespread adoption)? - 1970s - 1980s - 1990s - 2000s 1970s
What does EDI stand for? - Electronic Data Interchange - Economic Development Initiative - Evaluate, Develop, Implement - Extreme Deep Invader - Extended Destination Index Electronic Data Interchange
ERP was an immediate outgrowth of which other technology? - The Internet - MRP - EDI - MRP II - Sourcing suites MRP II
Which is not commonly part of an electronic sourcing application suite? - Supply base management - Spend analysis - Demand forecasting - Contract management - E-sourcing Demand forecasting
Which of the following is a potential positive outcome of a successful electronic sourcing strategy? - Lower transaction costs - Better sourcing decisions - Improved leverage - More effective supplier relationship management - All of the above All of the above
For electronic sourcing to yield beneficial outcomes, all you need to do is buy the right technology and have consultants help you implement it. - True - False False
What is the central component of an ERP system? - The interface between accounting and finance - The relational database - The purchasing module - The interface between purchasing and sales - The finance module The relational database
Which is NOT one of the benefits of an ERP system? - Enhanced data analytics - Improved visibility - Automation and efficiency - Increased data accuracy - Cumbersome processes Cumbersome processes
Which activities can be enabled by electronic sourcing? - Identification of a suitable set of suppliers - Qualification of suppliers - Negotiations with suppliers - Exchanging documents electronically (e.g. POs) - All of the above All of the above
Created by: tgalless
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