Exam 2 Study Guide

Exam 2 Study Guide - ISM 3011 Exam 2 Study Guide T4...

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ISM 3011 Exam 2 Study Guide T4 Decision Making Using Excel Concept of Goal Seek : goal seek is an analytical function, which allows a value in a formula to be adjusted in order to reach a desired result or answer. The goal seek feature can eliminate unnecessary calculations. It also repeatedly tries new values in the variable cell to find a solution to the problem. Ch 10 ERP and Collaboration ERP systems collect data from across an organization and correlate the data generating an enterprise-wide view. At the heart of all ERP systems is a database . Core ERP Components : traditional components included in most ERP systems and they primarily focus on internal operations. Accounting and Finance : Manage accounting data and financial processes within the enterprise with functions such as general ledger, accounts payable, accounts receivable, budgeting, and asset management. Production and Materials Management : Handle the various aspects of production planning and execution such as demand forecasting, production scheduling, job cost accounting, and quality control. Human Resources : Track employee information including payroll, benefits, compensation, and performance assessment, and assure compliance with the legal requirements of multiple jurisdictions and tax authorities. Extended ERP Components : extra components that meet the organizational needs not covered by the core components and primarily focus on external operations. Business Intelligence : Describes information that people use to support their decision making efforts. Customer Relationship Management: Involves managing all aspects of a customer’s relationship with an organization to increase customer loyalty and retention and an organization’s profitability. Supply Chain Management : Involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability. E-business : Means conduction business on the Internet, not only buying and selling, but also serving customers and collaborating with business partners. o E-logistics : manages the transportation and storage of goods. o E-procurement : Is the business-to-business (B2B) purchase and sale of supplies and services over the Internet. CRM: Customer Relationship Management Acquire: contact management, direct marketing, etc. Enhance: on-line customer service tools Retain: customer loyalty programs SCM: Supply Chain Management 1
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The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to consumer. Involves coordinating and integrating these flows both within and among companies. The two major vendors of core components are
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Exam 2 Study Guide - ISM 3011 Exam 2 Study Guide T4...

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