MISY 3310 Ch 17 - Enterprise Resource Planning rated A+ 2023/2024

MISY 3310 Ch 17 - Enterprise Resource Planning Enterprise ( ) planning (ERP) is a software that businesses use to manage activities in both the internal and external operational environment. - correct answer resource One disadvantage of ERP systems is that they often have steep ( ) curves, making it difficult for users to implement or even comprehend a new system without significant training. - correct answer learning Select all that apply Benefits of Cloud-based ERP, over on-premises ERP solutions, include which 3 of the following? - correct answer They have lower IT infrastructure expenses. Cloud-based ERP allows organizations to access reports from remote locations. Organizations using cloud-based ERP have reduced IT labor expenses. Because they facilitate informed business decisions by integrating data from various operational areas within the organization,( ) resource planning systems allow managers to view reports that are generated from across the organization. - correct answer enterprise Regulatory and compliance information can be created and maintained from a centralized location when ___ is integrated into an enterprise resource management solution. - correct answer financial management systems software Select all that apply ERP systems help organizations improve operational efficiency in which 3 of the following ways? - correct answer Access to data Customizable Centralized database Select all that apply With accounting management software, organizations can not only structure basic accounting information, but track a variety of other resources including which 2 of the following? - correct answer Tangible assets Intangible assets While ERP systems offer many competitive advantages to users, particularly those in upper management, a significant disadvantage is their ___. - correct answer high costs ERP software integrates several software packages into a single platform. An example of one of these software packages is ___ software, that stores employee compensation and performance information. - correct answer HRM Cloud-based ERP solutions are usually offered as ___. - correct answer SaaS ERP software integrates several software packages into a single platform. An example of one of these software packages is ___ software, that engineers use in the design process. - correct answer CAD Select all that apply There are a number of different business software applications that can be integrated with an ERP system. Select 3 commonly included application modules. - correct answer BI PM CRM Select all that apply ERP systems can be integrated with financial management systems to provide centralized