9 3 March, questions and answers PDF

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Enterprise systems include analytical tools.

Supply chain management systems are a type of enterprise system.

An enterprise system helps reduce redundant business processes.

The upstream portion of the supply chain consists of the organizations and processes for distributing and delivering products to the final customers.

Supply chain inefficiencies can waste as much as 25 percent of a company's operating costs.

Safety stock acts as an inexpensive buffer for the lack of flexibility in the supply chain.

The bullwhip effect is the distortion of information about the demand for a product as it passes from one entity to the next across the supply chain.

Supply chain execution systems enable the firm to generate demand forecasts for a product and to develop sourcing and manufacturing plans for that product.

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In the pre-Internet environment, supply chain coordination was hampered by the difficulties of making information flow smoothly among different internal supply chain processes.

Inefficiencies in a supply chain are primarily caused by inaccurate information.

It can cost six times more to sell a product to a new customer than to an existing customer.

In a pull-based model of SCM systems, production master schedules are based on forecasts of demand for products.

Dell Inc., which produces many personalized computers as they are ordered, is an example of a pull-based supply-chain model.

Total supply chain costs in some industries approach 75 percent of the total operating budget.

All CRM packages contain modules for PRM and ERM.

Major CRM application software vendors include Oracle and SAP.

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Cross-selling markets complementary products to customers.

CRM software can help organizations identify highvalue customers for preferential treatments.

Analytical CRM uses a customer data warehouse and tools to analyze customer data collected from the firm's customer touch points and from other sources.

Enterprise systems require fundamental changes in the way the business operates.

From your reading of the chapter's opening case, Nvidia implemented new information systems in order to achieve which of the main six business objectives?

A suite of integrated software modules for finance and accounting, human resources, manufacturing and production, and sales and marketing that allows data to be used by multiple functions and business processes best describes:

Enterprise software is built around thousands of predefined business processes that reflect:

Which of the following is not true about enterprise systems?

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ERP systems.

Improved decision making

Enterprise software is expressly built to allow companies to mimic their unique business practices.

best practices.

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You have been asked to implement enterprise software for a manufacturer of kitchen appliances. What is the first step you should take?

When tailoring a particular aspect of a system to the way a company does business, enterprise software can provide the company with:

In order to achieve maximum benefit from an enterprise software package, a business:

Supply chain complexity and scale increases when firms:

A network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished products to customers is called a:

Components or parts of finished products are referred to as:

A company's suppliers, supplier's suppliers, and the processes for managing relationships with them is the:

A company's organizations and processes for distributing and delivering products to the final customers is the:

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configuration tables.

Select the functions of the system you wish to use.

produce products and services that coordinate with hundreds or more firms and suppliers.

changes the way it works to match the software's business processes.

intermediate products.

supply chain.

downstream portion of the supply chain.

upstream portion of the supply chain.

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Uncertainties arise in any supply chain because of:

Why is overstocking warehouses not an effective solution for a problem of low availability?

Which of the following traditional solutions enables manufacturers to deal with uncertainties in the supply chain?

A scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line best describes a ________ strategy.

A distortion of information about the demand for a product as it passes from one entity to the next across the supply chain is called the ________ effect.

Supply chain software can be classified as either supply chain ________ systems or supply chain ________ systems.

Systems that enable a firm to generate demand forecasts for a product, and to develop sourcing and manufacturing plans for that product, best describes supply chain ________ systems.

Supply chain planning systems:

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It increases inventory costs.

unforeseeable events.

just-in-time

Safety stock

planning; execution

bullwhip

identify the transportation mode to use for product delivery.

planning

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Which supply chain planning function determines how much product is needed to satisfy all customer demands?

Supply chain ________ systems manage the flow of products through distribution centers and warehouses to ensure that products are delivered to the right locations in the most efficient manner.

Capabilities of supply chain execution systems would not include:

From your reading of the Land O' Lakes case study, the company implemented which type of system to improve supply chain efficiency?

A supply chain driven by actual customer orders or purchases follows a ________ model.

A build-to-order supply-chain model is also called a ________ model.

Concurrent supply chains are made possible by which technology?

The business value of an effective supply-chain management system includes all of the following except:

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execution

Demand planning

Supply-chain planning system

identifying the optimal transportation mode.

demand-driven

pull-based model

increased inventory levels.

The Internet

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A ________ is a method of interaction with a customer, such as telephone or customer service desk.

Which of the following would not be considered a contact point?

________ modules use many of the same data, tools, and systems as CRM to enhance collaboration between a company and its selling partners.

________ modules deal with issues such as setting objectives, employee performance management, and performance-based compensation.

Customer relationship management systems typically provide software and online tools for sales, customer service, and:

SFA modules in CRM systems would provide tools for:

CRM systems help businesses obtain which business objective?

Customer service modules in CRM systems provide tools for:

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Intranet

touch point

ERM

PRM

managing sales prospect and contact information.

marketing.

assigning and managing customer service requests.

Customer and supplier intimacy

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Marketing modules in CRM systems would provide tools for:

Selling a customer with a checking account a home improvement loan is an example of:

________ management is an important capability for customer service processes that is found in most major CRM software products.

Which of the following is an important capability for sales processes that is found in most major CRM software products?

Customer relationship management applications dealing with the analysis of customer data to provide information for improving business performance best describes ________ applications.

Operational CRM applications include tools for:

Which of the following is not one of the four types of customers described in the case study on Graybar?

Analyzing customer buying patterns is an example of:

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cross-selling.

identifying profitable and unprofitable customers.

Lead management

Returns

salesforce automation.

analytical CRM

analytical CRM.

Niche customers

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Which metric is based on the relationship between the revenue produced by a specific customer, the expenses incurred in acquiring and servicing that customer, and the expected life of the relationship between the customer and the company?

The measurement of the number of customers who stop using or purchasing products or services from a company is called:

Which of the following statements about enterprise applications is not true?

Which of the following is not an example of nextgeneration enterprise applications?

Enterprise application vendors have created ________ to make their own customer relationship management, supply chain management, and enterprise systems work closely together with each other.

The bullwhip effect is countered by:

Which of the following business objectives would be most helped by implementing an enterprise application?

A company's supply chain describes how raw materials are transformed into finished products and shipped to retailers and customers.

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churn rate.

CLTV

Stand-alone suites

Enterprise applications are best implemented when few changes in business processes are required.

reducing information uncertainty.

e-business suites

T

Customer and supplier intimacy

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Which of the following features is the main reason an enterprise system helps a business improve decision-making?

To model its existing supply chain and develop optimal manufacturing plans, a firm would implement a supply chain execution system.

With new flows of information made possible by Web-based tools, supply chain management can more easily follow a push-based model.

________ modules in CRM systems help sales staff increase their productivity by focusing sales efforts on the most profitable customers, those who are good candidates for sales and services.

________ CRM includes customer-facing applications such as tools for sales force automation, call center and customer service support, and marketing automation.

The downstream portion of the supply chain includes retailers and customers.

A company having difficulty with timely delivery of parts to its manufacturing plants should look to implementing a supply chain planning system.

Enterprise application vendors are now including ________ features, such as tools for data visualization, flexible reporting, and ad hoc analysis, as part of the application.

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F

Up-to-the-minute data sharing

SFA

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Operational

business intelligence

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