Reflection Lecture 11 IBIS FCB0025

What is the primary purpose of an ERP system?

• To limit data access

• To increase manual processes

• To integrate various business operations

• To create separate systems for each department

Which of the following is a core component of ERP?

• E-logistics

• E-procurement

• Production and materials management

• Customer relationship management

What is a benefit of using a centralized data repository in ERP?

• Increased data duplication

• Improved data accessibility across departments

• Slower information flow

• Manual updates

How does ERP improve decision-making?

• By complicating communication

• By isolating departments

• By enabling faster decisions based on real-time data

• By providing outdated information

What does the balanced scorecard help organizations do?

• Focus solely on financial outcomes

• Clarify vision and strategy

• Limit communication between departments

• Reduce the need for ERP systems

Which of the following describes a hybrid ERP system?

• Only cloud-based solutions are used

• No ERP functions are implemented

• Functions are split between on-premises and cloud

• All functions are managed on-premises

What is a key advantage of cloud ERP?

• Requires physical servers

• Offers accessibility from any location with internet

• Limits user access

• Increases implementation costs

Which of the following is NOT a benefit of ERP?

• Real-time information sharing

• Streamlined processes

• Improved communication

• Increased manual work

What is the role of the human resource component in ERP?

• Manages production scheduling

• Oversees financial transactions

• Tracks employee information and compliance

• Handles customer relationships

What is a legacy system?

• A hybrid ERP system

• A cloud-based ERP solution

• An outdated system nearing the end of its useful life

• A new ERP system