What documents might you see payment terms on? - Invoice and the purchasing order
Routings: - Identify the steps needed to produce one unit of product
Under a make-to-stock strategy, the production process is triggered by a need to increase inventory. - True
Under a make-to-order strate...
ITSS 3300 Exam 2 Correctly Tackled
What documents might you see payment terms on? - ✅✅ Invoice and the
purchasing order
Routings: - ✅✅ Identify the steps needed to produce one unit of product
Under a make-to-stock strategy, the production process is triggered by a need to
increase inventory. - ✅✅ True
Under a make-to-order strategy, the production process is triggered by a need to
increase inventory. - ✅✅ False
Under a make-to-order strategy, the production process is triggered by a customer
order. - ✅✅ True
Under a make-to-stock strategy, the production process is triggered by a customer
order. - ✅✅ False
A material receipt slip: - ✅✅ Is created in the warehouse after you confirm
production.
In the production process, a production order is used to track the progress of the
order. - ✅✅ True
In an enterprise system: - ✅✅ Paper documents are not a critical means of
capturing and storing data generated during process steps.
The planned order is created by the warehouse. - ✅✅ True
The production order is created by production. - ✅✅ True
___________ is used to request that the company produce a specified quantity of
goods. - ✅✅ Planned order
When using an ES, the person responsible for preparing shipments can retrieve a
list of orders that need to be shipped. Such a list is called: - ✅✅ Delivery due list
, A network of value-creating activities that consists of five primary activities and
four supporting activities: - ✅✅ Value chain
What is the purpose of an information system? - ✅✅ To automate/execute a
process that spans across multiple functional units in a seamless and integrated
fashion.
Information systems are used to make the functions within a business more
efficient.
What is an enterprise system? - ✅✅ Large-scale applications that support
complex business processes, informational flows, data analytics, and reports in a
simplified manner
Benefits of an enterprise system: - ✅✅ - Integrated
- Data is always up to date
- Data is easy to access and easy to share
- Informational needs can be more effectively met
Downsides of an enterprise system: - ✅✅ - If the whole system crashes then
everyone is offline
- Initial implementation of the system would be difficult to introduce because it
would require people to change the way they work
Benefits of a functional system approach: - ✅✅ - Allows a functional department
to specialize in a system that best suits their own needs
Examples of organizational data: - ✅✅ Plant layout, organizational chart
Examples of master data: - ✅✅ Customer list, list of products
Transaction data: - ✅✅ Day-to-day transactions that occur as a result of the
business' operations; generates the most amount of data
Purpose of Porter's Five Forces: - ✅✅ You are trying to predict the intensity of
competitive rivalry in an industry
Highly competitive industry: - ✅✅ Has low profits
Low competitive industry: - ✅✅ Has high profits
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