Question 1

What is an example of an issue that might be addressed by supply chain event management?

Accepted Answer

A) A customer complains that a product arrived damaged. 
B) A customer complains that he is unhappy with the product's new packaging design. 
C) A customer decides to change her order in the next ordering cycle. 
D) A customer would like to discuss getting a quantity discount in the next billing cycle. 
A) A customer complains that a product arrived damaged. 
B) A customer complains that he is unhappy with the product's new packaging design. 
C) A customer decides to change her order in the next ordering cycle. 
D) A customer would like to discuss getting a quantity discount in the next billing cycle.

Question 2

Which is not one of the main functions of SAP?

Accepted Answer

A) Supply chain planning 
B) Supply chain execution 
C) Supply chain collaboration 
D) Supply chain redesign 
A) Supply chain planning 
B) Supply chain execution 
C) Supply chain collaboration 
D) Supply chain redesign

Question 3

What will the change in the value of cash-to-cash cycle if , ARd is reduced by 4 days and Id is increased by 3 days while all other things remain the same?

Accepted Answer

A) Increase by 7 days 
B) decrease by 7 days 
C) Increase by 1 day 
D) Decrease by 1 day 
E) Unchanged 
A) Increase by 7 days 
B) decrease by 7 days 
C) Increase by 1 day 
D) Decrease by 1 day 
E) Unchanged

Question 4

The four sub-functions: procurement, manufacturing, sales and distribution in the manufacturing operating cycle.Chhose the most appropriate choice which describes the goal of these sub-functions.

Accepted Answer

A) Purchasing is concerned with minimizing materials cost and Manufacturing with minimizing production costs. 
B) Manufacturing with minimizing inventory and work-in-process cost. 
C) Sales is concerned with selling the greatest amount and distribution with minimizing distribution and warehousing costs. 
D) A and C only 
E) A, B and C 
A) Purchasing is concerned with minimizing materials cost and Manufacturing with minimizing production costs. 
B) Manufacturing with minimizing inventory and work-in-process cost. 
C) Sales is concerned with selling the greatest amount and distribution with minimizing distribution and warehousing costs. 
D) A and C only 
E) A, B and C

Question 5

"A measure that is used to determine how many times the same asset can be used to generate revenue and profit" is the definition of which of the following?

Accepted Answer

A) Asset turns 
B) Cash-to cash cycle 
C) Production cycle 
D) Inventory turns 
A) Asset turns 
B) Cash-to cash cycle 
C) Production cycle 
D) Inventory turns

Question 6

Quality management software supports the activities associated with planning and performing repairs and preventive maintenance.

Accepted Answer

A) True 
 B)False

Question 7

One of the weaknesses of SAP is the inability to link with most mobile devices.

Accepted Answer

A) True 
 B)False

Question 8

Within ERP, which set of applications is the largest and most complicated?

Accepted Answer

A) Finance 
B) Manufacturing and logistics 
C) Sales and marketing 
D) Human resources 
A) Finance 
B) Manufacturing and logistics 
C) Sales and marketing 
D) Human resources

Question 9

What are two of the main objectives of ERP?

Accepted Answer

A) Transaction processing and decision support 
B) Product tracking and customer invoicing 
C) Transaction processing and logistic optimizing 
D) Resource tracking and master schedule planning 
A) Transaction processing and decision support 
B) Product tracking and customer invoicing 
C) Transaction processing and logistic optimizing 
D) Resource tracking and master schedule planning

Question 10

What industries find CRP most useful?

Accepted Answer

A) Manufacturing and engineering industries 
B) Sports and entertainment industries 
C) Consumer product and retail industries 
D) Financial and accounting industries 
A) Manufacturing and engineering industries 
B) Sports and entertainment industries 
C) Consumer product and retail industries 
D) Financial and accounting industries

Question 11

What information is necessary to calculate the cash-to-cash cycle time?

Accepted Answer

A) Inventory, lead time, accounts receivable, sales 
B) Accounts payable, lead time, accounts receivable, inventory 
C) Accounts payable, cost of sales, accounts receivable, inventory 
D) Accounts payable, lead time, accounts receivable, assets 
A) Inventory, lead time, accounts receivable, sales 
B) Accounts payable, lead time, accounts receivable, inventory 
C) Accounts payable, cost of sales, accounts receivable, inventory 
D) Accounts payable, lead time, accounts receivable, assets

Question 12

Accounts receivable is the amount owed the firm by its suppliers.

Accepted Answer

A) True 
 B)False

Question 13

ERP systems allow for integrated planning across the different functional areas in a firm.

Accepted Answer

A) True 
 B)False

Question 14

A strength of ERP systems is that it is not necessary to have consistent definitions across all functional areas.

Accepted Answer

A) True 
 B)False

Question 15

The term "enterprise resource planning (ERP)" can mean different things.

Accepted Answer

A) True 
 B)False

Question 16

What three functional areas make up the manufacturing operating cycle?

Accepted Answer

A) Manufacturing, sales, and distribution 
B) Purchasing, manufacturing, and logistics 
C) Procurement, engineering, and sales 
D) Purchasing, manufacturing, and sales and distribution 
A) Manufacturing, sales, and distribution 
B) Purchasing, manufacturing, and logistics 
C) Procurement, engineering, and sales 
D) Purchasing, manufacturing, and sales and distribution

Question 17

When moving product, it is optimal to focus on the lowest price quote of each individual distribution stage.

Accepted Answer

A) True 
 B)False

Question 18

What is the primary goal of an ERP system?

Accepted Answer

A) The integration of data processes and data storage 
B) Creating consistent definitions across all functional areas 
C) The efficient handling of the transactions as goods move through each step of the process 
D) The scheduling of machinery to minimize downtime and reduce scrap 
A) The integration of data processes and data storage 
B) Creating consistent definitions across all functional areas 
C) The efficient handling of the transactions as goods move through each step of the process 
D) The scheduling of machinery to minimize downtime and reduce scrap

Question 19

What is transaction processing?

Accepted Answer

A) The decision support system used to efficiently handle multiple transactions 
B) The posting and tracking of the detailed activities of a business 
C) The movement of paperwork through a system using a decision tree 
D) The scheduling of machinery to minimize time and scrap 
A) The decision support system used to efficiently handle multiple transactions 
B) The posting and tracking of the detailed activities of a business 
C) The movement of paperwork through a system using a decision tree 
D) The scheduling of machinery to minimize time and scrap

Question 20

What is the common name for a computer system that integrates application programs in accounting, sales, manufacturing, and other functions in a firm by way of a shared database?

Accepted Answer

A) Entrepreneurial resource programming (ERP) 
B) Enterprise resource planning (ERP) 
C) EndeavorEndeavour reconstruction planning (ERP) 
D) Enterprise retention programming (ERP) 
A) Entrepreneurial resource programming (ERP) 
B) Enterprise resource planning (ERP) 
C) EndeavorEndeavour reconstruction planning (ERP) 
D) Enterprise retention programming (ERP)

Exam 17: Enterprise Resource Planning Systems

What is an example of an issue that might be addressed by supply chain event management?

Which is not one of the main functions of SAP?

What will the change in the value of cash-to-cash cycle if , ARd is reduced by 4 days and Id is increased by 3 days while all other things remain the same?

The four sub-functions: procurement, manufacturing, sales and distribution in the manufacturing operating cycle.Chhose the most appropriate choice which describes the goal of these sub-functions.

"A measure that is used to determine how many times the same asset can be used to generate revenue and profit" is the definition of which of the following?

Quality management software supports the activities associated with planning and performing repairs and preventive maintenance.

One of the weaknesses of SAP is the inability to link with most mobile devices.

Within ERP, which set of applications is the largest and most complicated?

What are two of the main objectives of ERP?

What industries find CRP most useful?

What information is necessary to calculate the cash-to-cash cycle time?

Accounts receivable is the amount owed the firm by its suppliers.

ERP systems allow for integrated planning across the different functional areas in a firm.

A strength of ERP systems is that it is not necessary to have consistent definitions across all functional areas.

The term "enterprise resource planning (ERP)" can mean different things.

What three functional areas make up the manufacturing operating cycle?

When moving product, it is optimal to focus on the lowest price quote of each individual distribution stage.

What is the primary goal of an ERP system?

What is transaction processing?

What is the common name for a computer system that integrates application programs in accounting, sales, manufacturing, and other functions in a firm by way of a shared database?

Introduction

Strategy

Project Management

Design of Products and Services

Strategic Capacity Management

Learning Curves

Manufacturing Processes

Facility Layout

Service Processes

Waiting Line Analysis and Simulation

Process Design and Analysis

Six Sigma Quality

Statistical Quality Control

Lean Supply Chains

Logistics Distribution, and Transportation

Global Sourcing and Procurement

Forecasting

Sales and Operations Planning

Inventory Management

Material Requirements Planning

Workcenter Scheduling

Theory of Constraints

Health Care

Operations Consulting

Filters

What will the change in the value of cash-to-cash cycle if , AR_d is reduced by 4 days and I_d is increased by 3 days while all other things remain the same?