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IDIS 344 Exam 1 johnson Latest Study Guide with Verified 100% Correct Solutions 2024

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IDIS 344 Exam 1 johnson Latest Study Guide with Verified 100% Correct Solutions 2024 ERP System Correct Answer: Integrates finances, manufacturing, and HR into single computer system; look for cost and functionality ERP acronym Correct Answer: Enterprise Resource Planning Why ERP Correct Answer: STREAMLINES business improves efficiency reduce cost helps with stratification integrates all aspects of oper. ERP tracks Correct Answer: products, salesforce, customers, vendors, financials, analytics ERP is NOT Correct Answer: not autopilot for businesses, not substitute for knowledge and experience adv of erp for dist Correct Answer: **complete situational awareness of all operations** improves op eff reduces cost & inc profit integrates ERP cycle Correct Answer: item ordered item received item into inventory item sold 1. inventory mgmt.. 2. inven control.. Correct Answer: 1. tracks vendors and generates AP 2. tracks items and produces analytics, generates AP cust strat track sales 3 trends driving growth in the wholesale distribution industry Correct Answer: 1. investment in tech 2. renewed focus on basics (blocking and tackling) 3. e-commerce

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