Enterprise Resource Planning (ERP) Quiz

What is the primary purpose of an ERP system?

• To handle only supply chain operations

• To focus solely on customer relationship management

• To integrate various business functions into a unified system

• To manage only financial transactions

Which module in an ERP system is responsible for handling payroll and employee information?

• Financial Management

• Supply Chain Management

• Customer Relationship Management

• Human Resource Management

What is a key advantage of cloud-based ERP systems?

• They require a significant upfront investment

• They offer greater flexibility and lower upfront costs

• They are only suitable for large enterprises

• They do not require internet access

Which type of ERP system allows organizations to maintain certain modules on-premise while using others in the cloud?

• Open-source ERP

• Hybrid ERP

• Cloud-based ERP

• On-premise ERP

What was a significant challenge Nike faced before implementing an ERP system?

• Lack of customer data

• Mismatched demand and supply in their supply chain

• Inability to manage financial transactions

• Difficulty in employee recruitment

How did the ERP system benefit Nike after implementation?

• It increased their marketing budget

• It eliminated the need for financial reporting

• It provided greater visibility into their supply chain

• It reduced the number of employees needed

What is one of the main benefits of implementing an ERP system?

• Increased manual data entry

• Improved efficiency by automating routine tasks

• Higher costs for small businesses

• Decreased collaboration among departments

What is a common challenge faced during ERP implementation?

• High costs and complexity

• Too much employee enthusiasm

• Lack of available ERP systems

• Excessive data quality

Why is data quality important in ERP implementation?

• It ensures incorrect reports are generated

• It leads to flawed decision-making

• It is vital for accurate and consistent reporting

• It is not important at all

What is a benefit of ERP systems in terms of regulatory compliance?

• They automate necessary controls and provide audit trails

• They eliminate the need for compliance

• They increase the risk of legal issues

• They focus only on financial compliance