ERP QUIZ

In what year ERP systems debut integrating all business functions.

Which decade saw the widespread adoption of MRP system by manufacturers?

• 1960s

• 1970s

• 1980s

• 1990s

In what year ERP 11 (internet enabled) system develop cloud ERP gain traction.

What is the primary function of an MRP system?

• Inventory management

• Quality control

• Human resource management

• Marketing strategy

Which of the following is a key benefit of implementing an MRP system?

• Reduced lead times

• Increased employee turnover

• Higher production costs

• Decreased customer satisfaction

What is the acronym MRP stand for in the context of manufacturing?

• Material Resource Planning

• Manufacturing Resource Process

• Market Research Protocol

• Management Reporting Procedure

In what year manufactures develop the basic material requirements planning system.

ERP systems are designed to replace all existing standalone software applications within an organization.

• TRUE

• FALSE

ERP systems are only beneficial for internal operations and do not impact interactions with external stakeholders such as suppliers and customers.

• TRUE

• FALSE

Implementation of an ERP system usually requires significant investment in terms of time, money, and resources.

• TRUE

• FALSE