LOGM227 Chap 6 - 10 || Get it Correct.
When a single company that is implementing an ERP system chooses to use one company to
provide an operations module, another to provide the sales and marketing application, and yet
another company to provide the finance and accounting module, that single company has chosen
to utilize the best-of-breed solution. correct answers True
The acronym ERP is short for: correct answers Enterprise Resource Planning
Organizations that choose to implement one single system with all of the desired applications
from a single vendor versus choosing to implement the best applications or modules for each of
the different functional departments associated with the supply chain is said to have chosen a(n):
correct answers Single integrator solution
Which of the following is a Long Range Materials Plan: correct answers Aggregate Production
Plan
Which of the following is considered an advantage/benefit of utilizing in ERP system? correct
answers Allows organizations to more easily communicate information about operational
changes to supply chain members
The goal of resource planning is to minimize the discrepancy between capacity and: correct
answers Demand
In a bill of materials, items at which level are independent demand items? correct answers Level
0
A Master Production Schedule is a medium-range materials plan. correct answers True
Which of the following consists of different products that share similar characteristics,
components or manufacturing processes? correct answers Product family
, Which of the following seeks to develop short range plans seeking to effectively and efficiently
manage components and/or subassemblies over time period of few days to a few weeks? correct
answers MRP
Which of the following is NOT a common module of ERP systems? correct answers Marketing
Resources Management
While ERP is a relatively new technology, it has grown rapidly since the early 1990s. Which of
the following is the reason that has contributed to its rapid growth? correct answers The year
2000 millennium bug
Two reasons ERP implementations have been known to fail include: lack of employee training
on the new ERP system and lack of adequate resources to support these complex and time
consuming implementations. correct answers True
According to the text, the goal of resource planning is to minimize the discrepancy between an
organization's capacity and demand results. correct answers True
The four broad categories of inventory are raw materials, work-in-process, subassemblies, and
finished goods. correct answers False
Companies hold a supply of inventory for all of the following reasons EXCEPT: correct answers
increase production change/setup costs
____, such as lubricants for machines, are used in the production process, but do not become
parts of the final products. correct answers Maintenance, repair and operating supplies
If usage is constant, as order size increases, annual order costs ____ but annual carrying costs
____. correct answers decrease ..... increase
When a single company that is implementing an ERP system chooses to use one company to
provide an operations module, another to provide the sales and marketing application, and yet
another company to provide the finance and accounting module, that single company has chosen
to utilize the best-of-breed solution. correct answers True
The acronym ERP is short for: correct answers Enterprise Resource Planning
Organizations that choose to implement one single system with all of the desired applications
from a single vendor versus choosing to implement the best applications or modules for each of
the different functional departments associated with the supply chain is said to have chosen a(n):
correct answers Single integrator solution
Which of the following is a Long Range Materials Plan: correct answers Aggregate Production
Plan
Which of the following is considered an advantage/benefit of utilizing in ERP system? correct
answers Allows organizations to more easily communicate information about operational
changes to supply chain members
The goal of resource planning is to minimize the discrepancy between capacity and: correct
answers Demand
In a bill of materials, items at which level are independent demand items? correct answers Level
0
A Master Production Schedule is a medium-range materials plan. correct answers True
Which of the following consists of different products that share similar characteristics,
components or manufacturing processes? correct answers Product family
, Which of the following seeks to develop short range plans seeking to effectively and efficiently
manage components and/or subassemblies over time period of few days to a few weeks? correct
answers MRP
Which of the following is NOT a common module of ERP systems? correct answers Marketing
Resources Management
While ERP is a relatively new technology, it has grown rapidly since the early 1990s. Which of
the following is the reason that has contributed to its rapid growth? correct answers The year
2000 millennium bug
Two reasons ERP implementations have been known to fail include: lack of employee training
on the new ERP system and lack of adequate resources to support these complex and time
consuming implementations. correct answers True
According to the text, the goal of resource planning is to minimize the discrepancy between an
organization's capacity and demand results. correct answers True
The four broad categories of inventory are raw materials, work-in-process, subassemblies, and
finished goods. correct answers False
Companies hold a supply of inventory for all of the following reasons EXCEPT: correct answers
increase production change/setup costs
____, such as lubricants for machines, are used in the production process, but do not become
parts of the final products. correct answers Maintenance, repair and operating supplies
If usage is constant, as order size increases, annual order costs ____ but annual carrying costs
____. correct answers decrease ..... increase
