CIS511 – Enterprise Resource Planning – Mid-Term * Question 1 Needs Grading | | | List 2 advantages of using a vanilla ERP system.Answer | | | | | Selected Answer: | 1. Total integration and standardization 2. Re-engineering of business processes | Correct Answer: | 1. Less expensive2. More likely to come in under or on budget.3. Easier to implement.4. Uses industry best practices. | | | Response Feedback: | [None Given] | | | | | * Question 2 Needs Grading | | | List 5 tangible benefits with an ERP.Answer | | | | | Selected Answer: | Tangible benefits: 3. Inventory reduction 4. Personnel reduction 5. Productivity improvement 6. Order management improvement 7. Financial close cycle reduction | Correct Answer: | 1. Inventory reduction.2. Personnel reduction.3. Productivity improvement.4. Order management improvement.5. Financial close cycle reduction.6. IT cost reduction.7. Procurement cost reduction.8. Cash management improvement.9. Revenue/profit increase.10. Transportation/logistics cost reduction.11. Maintenance reduction.12. On-line delivery improvement. | | | Response Feedback: | [None Given] | | | | | * Question 3 Needs Grading | | | List 5 intangible benefits with an ERP.Answer | | | | | Selected Answer: | Intangible benefits: 8. Information/ visibility 9. New/ improved processes 10. Customer responsiveness 11. Integration 12. Standardization | Correct Answer: | 1. Information/visibility.2. New/improved processes3. Customer responsiveness.4. Integration.5. Standardization.6. Flexibility7. Globalization8. Y2K9. Business Performance | | | Response Feedback: | [None Given] | | | | | * Question 4 Needs Grading | | | List 3 principles of re-engineering.Answer | | | | | Selected Answer: |
