Exam 17: Enterprise Resource Planning Systems

In the cash-to-cash cycle calculation, if the cost of goods sold per day increases, but all other data such as average inventory and average payables and receivables remain the same, then the value of cash-to-cash cycle will

How often are major software changes typically made to ERP?

A SAP system can accommodate items that must be maintained in inventory while simultaneously supporting JIT efforts for other items.

What is the cash-to-cash cycle time if AR_d = 6.5 days, I_d = 22.2 days, and AP_d = 4.2 days?

Which of the following is not a benefit of running large batches in a manufacturing setting?

Which of the following is a main benefit of processing transactions in real time?

Microsoft Dynamics is the largest ERP vendor.

The supply chain design module provides a centralized overview of the entire supply chain and key performance indicators.

Only manufacturing affects the inventory account.

What set of applications supports the capabilities needed to manage, schedule, pay, hire, and train people who make the organization run?

Defects often occur during changeovers.

In the functional silo approach, the purchasing function typically considers quality a goal.

Drilling down means descending through an existing hierarchy to bring out more and more details from a database.

Transaction processing is real-time means (choose the most appropriate answer)

Which of the following is not an aspect of ERP that determines quality?

A typical ERP system has modules that use the same user interface, similar to that of Microsoft Office products.

A limitation of traditional financial metrics is that they primarily tell a story of past events.

If a small company has average daily sales of $5,000 and accounts receivable of $150,000, what is the average days of accounts receivable?

ERP systems can be inefficient at handling the numerous transactions that document the activities of a company.

Data warehouses are useful mechanisms to support daily routine tasks.