Page 23 - DCAP302_ENTERPRISE_RESOURCE_PLANNING

Unit 1: ERP Overview

3. MRP stands for: notes
(a) Material Requirement Planning

(b) Management Requirement Planning
(c) Material Resource Planning
(d) None
4. CRM stands for:
(a) Customer Retention Management

(b) Customer Relationship Management
(c) Computer Relationship Management
(d) None
Fill in the blanks:

5. ................... used to solve a number of problems that have plagued large organizations in
the past.
6. ERP (Enterprise Resource Planning) is the evolution of ...................
7. ................... is the combination of information technology and business processes of
maintaining the appropriate level of stock in a warehouse.
8. ................... is a commercial software package promising the seamless integration of all the
information flowing through company.

State whether the following statements are true or false:
9. ERP offers perfect solutions to business organizations in India.
10. ERP helps to make the decision at the right time and by the right person as entire
organization shows the same information and views.

1.14 review Questions

1. What are the advantages of ERP?
2. How business integration achieved by ERP system?
3. Discuss the evolution of ERP

4. Describe the reasons of growth of ERP market.
5. Explain the importance of ERP in Modern Business Organization.
6. State the significance of Integrated Management Systems.
7. Describe the reasons for the growth of ERP.
8. What are the obstacles of applying IT, ERP Market?
9. “ERP originally implied systems designed to plan the use of enterprise-wide resources.”
Explain
10. Describe business modeling process in detail.

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