DSC 3001 Quiz B | Tim Olson Verified Study Questions And Answers With A+ Tests
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Course
DSC 3001 | Tim Olson
Institution
DSC 3001 | Tim Olson
human resource management systems - Interacting database systems that aim at generating and
delivering HR information and allow us to automate some human resource management functions
Customer Relationship Management (CRM) - a company-wide business strategy designed to
optimize profitability, re...
DSC 3001 Quiz B | Tim Olson
human resource management systems - Interacting database systems that aim at generating and
delivering HR information and allow us to automate some human resource management functions
Customer Relationship Management (CRM) - a company-wide business strategy designed to
optimize profitability, revenue, and customer satisfaction by focusing on highly defined and precise
customer groups
challenges with implementing ERP - - built of predefined business processes, known as best
practices
- best practices/standard operating procedures are from vendors point of view
- software may not support all business functions
- risk in using one vendor
- vendors always updating software
Supply Chain Management (SCM) - The management of information flows between and among
activities in a supply chain to maximize total supply chain effectiveness and profitability
Benefits of ERP - - higher productivity
- better insights
- lower risks
- high security
types of ERP implementations - - Cloud ERP
- on premise ERP
- Hybrid ERP
ERP financial components - - general ledger
- accounts payable (AP)
, - accounts receivable (AR)
- fixed assets
- tax
- budget
- foreign exchange
- balance sheet
- reporting
ERP Common Processes - - procure to pay
- order to cash
- plan to produce
- field to fork
- hire to retire
hire-to-retire - Also known as human capital management (HCM)
- everything that needs to be done over the course of employment with a company
Field to fork - The name given to the food chain from the start of agricultural production to final
consumption
SCM 4 processes - - plan
- source
- make
- deliver
SCM - plan - - balance resources with requirements
- align supply chain plan with business financial plan
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