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Mit4034
Winter 2015
1. Define ERP. What are the benefits of ERP?
Answer:
ERP is short for enterprise resource
planning:
Enterprise resource planning (ERP) is business process management
software that allows an organization to use a system
2. What are the limitations of integrated
management information system?
Answer:
Organizations that require, gather, analyze, and share information use
management information system (MIS) to handle large digit figures with accuracy
and precision. Commonly incorporated in construction
3. What are the general characteristics of
management information systems?
Answer:
i. Understandable:
Since information is already in a
summarized form, it must be understood by the receiver so that he will
interpret it
4. Explain cost objects planning.
Answer:
Cost object is a term used
in budgeting, planning, and accounting, referring simply to any
item associated with a cost figure of its own.
5. Explain why quality management is vital
for companies?
Answer:
Quality management has become an essential part of all businesses. No
matter what type of industry you call your executive home, this topic is sure
to be on the forefront of all business processes you implement.
Quality management is the process of controlling, ensuring, and
improving quality; both in business operations and productivity. If customers
are satisfied, chances are they feel they are receiving high
6. Compare Commercial ERP and Open Source
ERP.
Answer:
comparison between Commercial and Open Source
ERP software systems. This study has been made considering
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