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DRIVE
Winter 2016
PROGRAM
MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER
IV
SUBJECT CODE & NAME
MI0038- ENTERPRISE RESOURCE PLANNING
1.
Define Information System. What are the different components of an information
system? Briefly explain the different types of information systems.
Define Information System
Explain any four components of an
information system
Explain any six types of information
systems
Answer:
It is information that enables an
enterprise to make sound decisions and win in today’s competitive world. In
other words, you can say that information is a valuable asset of an enterprise,
which ensures effective business decision making. Therefore, an enterprise
should manage and store its information in a manner so that it can be easily
retrieved as and when required.
2 Define Enterprise Resource Planning
(ERP). Briefly explain the major benefits of an ERP system.
Define
ERP
Explain
any 8 major benefits of an ERP system
Answer: ERP is an integrated
information system that controls and integrates all the business functions of
an enterprise. According to Nah and Lau (2001), “ERP is a packaged business
software system that enables a
3. Briefly explain the steps adopted by
all organisations while selecting an ERP system.
Explain all the steps involved in ERP
selection process.
Answer:
Step 1 – Select an
experienced ERP Team
Designate your ERP project
lead, evaluation team and key stakeholders. The management should be fully
involved in the decision as the ERP system involves nearly all the departments
of the organization. The top management should participate in the selection of
the vendor and other activities. Depending on the size and scope of your ERP
implementation, you may be faced with choosing a vendor to
4. Explain the benefits and limitations
of ERP inventory management system. What are the major functions of inventory
management module
Benefits of ERP inventory management
system
Limitations of ERP inventory management
system
Major functions of ERP inventory
management module
Answer:
Benefits of ERP
inventory management system
The main advantage of the ERP inventory
management system is that it integrates all the departments and branches of an
organisation located in different parts of the world. Apart from this,
following are some of the other benefits of the ERP inventory management
system:
·
It enables
5 Explain
the role of ERP in sales and distribution.
Briefly explain the sub-modules of the
sales and distribution module.
Explain
the role of ERP in sales and distribution
Briefly
explain the sub-modules of the sales and distribution module
Answer: An organisation generates revenue by
selling its products and services. These products and services are passed
through an extensive distribution network before they reach the end users. This
distribution network involves wholesalers, retailers, and commission agents. An
effective distribution network helps in delivering the right product to the
right customer at the right time. This
6 Define the role of vendors and
consultants in ERP implementation.
Define
vendor and role of vendors in ERP implementation
Define
consultant and the role of consultants in ERP implementation
Answer: Nowadays, the ERP market is
facing stiff competition due to increasing number of vendors. These vendors
strive hard to fulfil the needs of customers by providing unique and innovative
ERP
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