It 360 Exam 2

Test 2 study guide | 37 questionstwo articles ( 4,5) | Chapter 8 | | What are Enterprise systems? | Enterprise resource planning systems are a suite of integrated software modules and common central database. It collects data from many divisions of firm for use in nearly all of firms internal activities. Information entered in one process is immediately available for other processes. | Business value of enterprise systems | Creates a more uniform organization. More efficient operations and customer-driven business processes. Firmwide information for imporved decision making. | Disadvantages of enterprise systems | not very customizable because of the complexity of the code, therefore companies usually have to change to conform to the ERP system. | What are Supply chain systems? | network or organizations and business processes for procuring raw materials, transforming into products, and distributing them to customers. Materials, info, and payments flow through the supply chain in both directions. | Upstream and downstream portion of supply chain systems | upstream are suppliers and downstream are manufactures, distributors, and customers. | Bullwhip effect | distortion of information about the demand for a product as it passes from one entity to the next up the supply chain( towards suppliers) | Supply chain management systems | automate flow of information between company and supply chain partners | How to control or tame bullwhip effect | by reducing uncertainties about demand and supply when all members of the supply chain have accurate and up-to-date information. | Supply chain planning systems | generate demand forecasts for a product( demand planning) and help develop sourcing and manufacturing plans for that product. | Supply chain execution systems | manage the flow of products through distrbution centers and warehouses to ensure that products are delivered to the reight locations in the mose efficient manner. | Push based and