Question 1

What are the different skills needed to thoroughly evaluate the various bids from ERP vendors?

Accepted Answer

Because ERP system bids are so complex a

Question 2

To help evaluate ERP vendors it is often helpful to check the ________ that they provide from previous customers.

Accepted Answer

A)  references 
B)  invoices 
C)  processes 
D)  pictures 
E)  none of the above 
A)  references 
B)  invoices 
C)  processes 
D)  pictures 
E)  none of the above

Question 3

Companies often turn to professional ________ companies for their ERP implementations instead of contracting with the software vendor to install and configure their new ERP system.

Accepted Answer

A)  development 
B)  consulting 
C)  outsourcing 
D)  integration 
E)  data migration 
A)  development 
B)  consulting 
C)  outsourcing 
D)  integration 
E)  data migration

Question 4

Deliverables must be clearly identified and delivery dates associated with them in the:

Accepted Answer

A)  RFI. 
B)  purchase order. 
C)  RFB. 
D)  ERP contract. 
A)  RFI. 
B)  purchase order. 
C)  RFB. 
D)  ERP contract.

Question 5

When the ERP vendor evaluation process gets down to the final two vendors, it is good to create a ________ between the two vendors.

Accepted Answer

A)  synergy 
B)  competition 
C)  RFB 
D)  TCO 
E)  none of the above 
A)  synergy 
B)  competition 
C)  RFB 
D)  TCO 
E)  none of the above

Question 6

Usually the first step in selecting an ERP system is researching the ERP vendors on the market.

Accepted Answer

A) True 
 B)False

Question 7

Buying a new ERP system usually means that the company will also have to update their attorneys.

Accepted Answer

A) True 
 B)False

Question 8

Companies often bring in specialized consulting firms to assist in the ERP vendor selection process.

Accepted Answer

A) True 
 B)False

Question 9

It is good to consider the relative ________ of development and maintenance staff that each ERP vendor has available.

Accepted Answer

A)  awareness 
B)  position 
C)  proportion 
D)  configuration training 
E)  training 
A)  awareness 
B)  position 
C)  proportion 
D)  configuration training 
E)  training

Question 10

An ERP vendor should not be required to explain their software release and upgrade strategies as this is a separate issue from the purchasing decision.

Accepted Answer

A) True 
 B)False

Question 11

The actual cost of the ERP software itself should be around ________ of the overall cost.

Accepted Answer

A)  15% 
B)  25% 
C)  35% 
D)  45% 
A)  15% 
B)  25% 
C)  35% 
D)  45%

Question 12

ERP vendors usually issue a statement of ________ which describes where future development of the product is headed.

Accepted Answer

A)  direction 
B)  support 
C)  historical evolution 
D)  vendor upgrades 
A)  direction 
B)  support 
C)  historical evolution 
D)  vendor upgrades

Question 13

The choice of an ERP vendor should not just focus on cost or functionality, but on the best:

Accepted Answer

A)  process management scenarios. 
B)  change management team. 
C)  overall fit. 
D)  data migration plan. 
A)  process management scenarios. 
B)  change management team. 
C)  overall fit. 
D)  data migration plan.

Question 14

Some ERP products cannot support a large number of ________ so this will be an important factor to consider when choosing a vendor.

Accepted Answer

A)  attorneys 
B)  users 
C)  consultants 
D)  executives 
E)  none of the above 
A)  attorneys 
B)  users 
C)  consultants 
D)  executives 
E)  none of the above

Question 15

Once the ERP system is installed, the relationship with the ERP software vendor is completed.

Accepted Answer

A) True 
 B)False

Question 16

If the ERP vendor is a publicly traded firm it is useful to examine public reports to make sure they are in strong ________ position.

Accepted Answer

A)  managerial 
B)  growth 
C)  technical 
D)  financial 
A)  managerial 
B)  growth 
C)  technical 
D)  financial

Question 17

Because there are many ________ to an ERP system bid, multiple teams with a variety of skill sets will be needed to compare and evaluate the bids.

Accepted Answer

A)  functions 
B)  changes 
C)  modules 
D)  components 
A)  functions 
B)  changes 
C)  modules 
D)  components

Question 18

The functional requirements process will be helpful in choosing an ERP vendor.

Accepted Answer

A) True 
 B)False

Question 19

PeopleSoft is known for its financial applications in the ERP software market.

Accepted Answer

A) True 
 B)False

Question 20

A key factor in choosing a software vendor will be the extent to which the ________ match the functionality of the ERP software.

Accepted Answer

A)  maintenance upgrades 
B)  project philosophies 
C)  eCommerce strategies 
D)  user requirements 
A)  maintenance upgrades 
B)  project philosophies 
C)  eCommerce strategies 
D)  user requirements

What are the different skills needed to thoroughly evaluate the various bids from ERP vendors?

To help evaluate ERP vendors it is often helpful to check the ________ that they provide from previous customers.

Companies often turn to professional ________ companies for their ERP implementations instead of contracting with the software vendor to install and configure their new ERP system.

Deliverables must be clearly identified and delivery dates associated with them in the:

When the ERP vendor evaluation process gets down to the final two vendors, it is good to create a ________ between the two vendors.

Usually the first step in selecting an ERP system is researching the ERP vendors on the market.

Buying a new ERP system usually means that the company will also have to update their attorneys.

Companies often bring in specialized consulting firms to assist in the ERP vendor selection process.

It is good to consider the relative ________ of development and maintenance staff that each ERP vendor has available.

An ERP vendor should not be required to explain their software release and upgrade strategies as this is a separate issue from the purchasing decision.

The actual cost of the ERP software itself should be around ________ of the overall cost.

ERP vendors usually issue a statement of ________ which describes where future development of the product is headed.

The choice of an ERP vendor should not just focus on cost or functionality, but on the best:

Some ERP products cannot support a large number of ________ so this will be an important factor to consider when choosing a vendor.

Once the ERP system is installed, the relationship with the ERP software vendor is completed.

If the ERP vendor is a publicly traded firm it is useful to examine public reports to make sure they are in strong ________ position.

Because there are many ________ to an ERP system bid, multiple teams with a variety of skill sets will be needed to compare and evaluate the bids.

The functional requirements process will be helpful in choosing an ERP vendor.

PeopleSoft is known for its financial applications in the ERP software market.

A key factor in choosing a software vendor will be the extent to which the ________ match the functionality of the ERP software.

Introduction to Enterprise Systems for Management

Systems Integration

Enterprise Systems Architecture

Development Life Cycle

Implementation Strategies

Operational and Post Implementation

Program and Project Management

Global, Ethics, and Security Management

Supply Chain Management

Customer Relationship Management

Organizational Change and Business Process Reengineering

Filters

Exam 6: Software and Vendor Selection

What are the different skills needed to thoroughly evaluate the various bids from ERP vendors?

To help evaluate ERP vendors it is often helpful to check the ________ that they provide from previous customers.

Companies often turn to professional ________ companies for their ERP implementations instead of contracting with the software vendor to install and configure their new ERP system.

Deliverables must be clearly identified and delivery dates associated with them in the:

When the ERP vendor evaluation process gets down to the final two vendors, it is good to create a ________ between the two vendors.

Usually the first step in selecting an ERP system is researching the ERP vendors on the market.

Buying a new ERP system usually means that the company will also have to update their attorneys.

Companies often bring in specialized consulting firms to assist in the ERP vendor selection process.

It is good to consider the relative ________ of development and maintenance staff that each ERP vendor has available.

An ERP vendor should not be required to explain their software release and upgrade strategies as this is a separate issue from the purchasing decision.

The actual cost of the ERP software itself should be around ________ of the overall cost.

ERP vendors usually issue a statement of ________ which describes where future development of the product is headed.

The choice of an ERP vendor should not just focus on cost or functionality, but on the best:

Some ERP products cannot support a large number of ________ so this will be an important factor to consider when choosing a vendor.

Once the ERP system is installed, the relationship with the ERP software vendor is completed.

If the ERP vendor is a publicly traded firm it is useful to examine public reports to make sure they are in strong ________ position.

Because there are many ________ to an ERP system bid, multiple teams with a variety of skill sets will be needed to compare and evaluate the bids.

The functional requirements process will be helpful in choosing an ERP vendor.

PeopleSoft is known for its financial applications in the ERP software market.

A key factor in choosing a software vendor will be the extent to which the ________ match the functionality of the ERP software.

Introduction to Enterprise Systems for Management

Systems Integration

Enterprise Systems Architecture

Development Life Cycle

Implementation Strategies

Operational and Post Implementation

Program and Project Management

Global, Ethics, and Security Management

Supply Chain Management

Customer Relationship Management

Organizational Change and Business Process Reengineering

Filters