ERP final (ENG)

What does ERP stand for?

• "Enhance Resource Process"
• "Enterprise Resource Planning"
• "Enterprise Restructuring Planning"
• "Erasmus Resort Planning"

What is an ERP system?

• A software designed only for large companies
• A management philosophy of the company
• A software application that ntegrates all the information
• A system that only performs payroll and accounting

How did companies keep the important information of different departments before ERP systems?

• Each department used to have different systems
• All the business information were within one computer system
• With a MRP system
• Companies weren’t able to keep this information

What can an ERP system achieve?

• "A narrow vision of the company"
• "It integrates all the business information"
• "It decreases speed and efficiency"
• "It improves your spare time as you can go to the beach"

What kind of companies were ERP systems designed originally for?

• Production-oriented enterprises
• Services enterprises
• Healthcare enterprises
• Financial services

ERP’s modules are

• The MRP, MRP II, ERP and ERP II
• Usually production, finance, purchasing, sales and logistics
• Always the CRM and SCM modules
• Tourism, finance, purchasing and sales modules

What are the objectives of ERP?

• Allow the company to compete with larger companies
• Build quality information in real time
• Improve business processes
• All answers of the above are correct

If the company wants to implement an ERP system it has to take into account …

• only external cost
• only internal cost
• only the cost that you have to pay for
• external and internal costs

If the company chooses an on-site ERP implementation instead “in the cloud” implementation, it…

• minimizes its initial investment and starts working quickly
• manages its cash flow better
• maximizes Information Technology internal resources
• makes use of the existing investments

Is it necessary to change the implemented ERP software?

• No, you don’t need to change it
• Yes, because it have to be made a customized program
• Yes, because it needs maintenance and periodic reviews
• Only if the ERP system is more than 10 years old