Question 1

CPFR is a set of data-driven business processes designed to improve the ability to predict and coordinate with supply chain partners.

Accepted Answer

CPFR stands for Collaborative Planning, Forecasting, and Replenishment which is a set of data-driven business processes designed to improve the ability to predict and coordinate with supply chain partners.

Question 2

An ERP interfaces with legacy applications through an) __________ layer.

Accepted Answer

The answer of An ERP interfaces with legacy applications through...

Question 3

__________ connect the ERP in the enterprise to external business partners.

Accepted Answer

The answer of __________ connect the ERP in the enterprise...

Question 4

The concept of an on-demand enterprise is based on the premise that manufacturing or service fulfillment operations will start only after an order is received. This approach is referred to as ___________________.

Accepted Answer

The answer of The concept of an on-demand enterprise is...

Question 5

Business-to-business integration B2Bi) is vital for efficient and accurate flow of data across internal ISs and external business partners. B2Bi and secure data exchange over the Internet is done through Enterprise application integration EAI) middleware

Accepted Answer

The answer of Business-to-business integration B2Bi) is vital for efficient...

Question 6

Companies use IT systems to manage the _____________ which starts with the acquisition of raw materials or the procurement purchase) of products and proceeds through manufacture, transport, and delivery-and the disposal or recycling of products.

Accepted Answer

The answer of Companies use IT systems to manage the...

Question 7

The concept of an on-demand enterprise is based on the premise that manufacturing or service fulfillment operations will start only after an order is received. This approach is referred to as build-to-order.

Accepted Answer

The statement accurately describes the concept of an on-demand enterprise and build-to-order approach.

Question 8

SCM is the software infrastructure that links an enterprise's internal applications and supports its external business processes.

Accepted Answer

SCM stands for Supply Chain Management, which focuses on managing the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption. It is not specifically software infrastructure, although software solutions are often used to facilitate SCM processes.

Question 9

Many ERP systems incorporate Eco-Tech ET) principles, which involve minimizing all forms of waste.

Accepted Answer

The answer of Many ERP systems incorporate Eco-Tech ET) principles,...

Question 10

Organizations are implementing CRM systems to meet requirements of the Bioterrorism Act and other regulations for accurate record keeping.

Accepted Answer

CRM (Customer Relationship Management) systems are primarily implemented to manage a company's interactions with current and potential customers, focusing on enhancing relationships and improving business sales and service, not for meeting requirements of the Bioterrorism Act or other regulations for accurate record keeping, which would typically involve different types of compliance and record-keeping systems.

Question 11

Many ERP systems incorporate __________________ principles, which involve minimizing all forms of waste.

Accepted Answer

The answer of Many ERP systems incorporate __________________ principles, which...

Question 12

The most common solution to supply chain uncertainties is to build inventories or safety stock as insurance, but that can cause the bullwhip effect in the supply chain.

Accepted Answer

Building inventories or safety stock as insurance can lead to the bullwhip effect in the supply chain, where small fluctuations in demand can result in large variations in orders and inventory levels. This can further disrupt the supply chain and lead to inefficiencies and increased costs. Therefore, it is important to explore other solutions such as improving communication and collaboration among supply chain partners, increasing flexibility and responsiveness, and reducing lead times.

Question 13

The journey that a product travels starting with raw material suppliers onto manufacturers or assemblers, then forward to distributors and retail sales shelves and ultimately to customers is its product life cycle.

Accepted Answer

The description provided refers to the supply chain of a product, not its product life cycle. The product life cycle describes the stages a product goes through from introduction to growth, maturity, and decline in the market.

Question 14

CPFR systems generate demand forecasts for a planning period, such as a quarter, month, or week.

Accepted Answer

CPFR systems use historical data and collaborative input from various partners to generate demand forecasts for a planning period, such as a quarter, month, or week.

Question 15

With __________ systems, suppliers and retailers collaborate in planning and demand forecasting in order to ensure that members of the supply chain will have the right amount of raw materials and finished goods when they need them.

Accepted Answer

The answer of With __________ systems, suppliers and retailers collaborate...

Question 16

Database vendors such as Oracle and IBM are also enterprise system vendors.

Accepted Answer

Oracle and IBM both provide enterprise systems in addition to their database products.

Question 17

In a survey conducted by Food Engineering magazine, the top concern of the agri-food industry was food safety in large part because worldwide distribution systems have increased the risk and range of contaminated food entering the food supply.

Accepted Answer

The statement accurately summarizes the survey conducted by Food Engineering magazine.

Question 18

CRM software enabled Travelocity to analyze clickstream data and discover how customers use their Web site. This information is leveraged to provide meaningful personalized messages in real-time, that is, while customers are using the site.

Accepted Answer

CRM software analyzes clickstream data and provides personalized messages in real-time while customers use the site.

Question 19

Older information systems IS), called __________, have been built with various outdated technologies.

Accepted Answer

The answer of Older information systems IS), called __________, have...

Question 20

According to management guru Peter Drucker, "Those companies who know their customers, understand their needs, and communicate intelligently with them will always have a competitive advantage over those that don't."

Accepted Answer

Peter Drucker's quote emphasizes the importance of customer knowledge and communication in maintaining a competitive advantage for companies. This statement is generally accepted as true in the field of business management.

Quiz 10: Enterprise Systems and Applications