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Answer to #1
ERP systems are multimodal application software platforms that help organizations manage the important parts of their businesses. Initially concentrated on manufacturing issues, ERP systems now focus on integrating information and activities across the organization (i.e., the enterprise) via a common software platform and centralized database system. Key business processes linked via ERP include accounting and finance, planning, engineering, human resources, purchasing, production, inventory/ materials management, order processing, and more. The centralized and shared database system ties the entire organization together, allowing information to be entered once and made available to all users. Business processes can also be automated for rapid, accurate execution.
As the ERP systems branch out to include supplier relationship management, customer relationship management, and other supply chain components, the connections between SCIS and ERP grow stronger. Supply chain members can access the organization through the ERP system to assess inventory availability, production schedules, and delivery information. In short, the ERP system provides a mechanism for supply chain members to efficiently share information so that visibility is improved, transactions are completed with more speed and accuracy, and decision making is enhanced.
Answer to #2
C
Answer to #3
T
Answer to #4
Supply chain event management tools collect data in real time from multiple sources across the supply chain and convert them into information that gives business managers a clear picture of how their supply chain is performing. These systems monitor the supply chain for events that are out of tolerance, such as a shortage of parts at a manufacturing location or the breakdown of a truck delivering an important order. When exceptions occur, the system notifies a decision maker by e-mail, pager or fax who can then take an action to correct the problem.
As the geographic scope and number of companies involved in a supply chain grow, the ability to monitor activities exceeds manual capabilities. Hence, supply chain event management tools are becoming more important, and more organizations are turning toward these solutions to help them detect, evaluate, and resolve issues before they snowball into major problems. Some systems have built-in work flow rules that suggest solutions to the exception or initiate action based on established guidelines. Although they were once considered stand-alone applications, event management and visibility solutions are today increasingly integrated into other applications.
Answer to #5
A
Answer to #6
F
Sometimes the required information is not accessible to a private firm (i.e., taxes paid).
Answer to #7
Supply chain execution tools carry out key tasks from the time an order is placed until it is fulfilled. This order-driven category of software focuses on the day-today activities required to buy, make, and deliver the materials that flow through the supply chain. Traditionally, execution tools have focused on a company's internal logistics activitiesorder management, warehouse management, inventory management, labor optimization, and transportation management. As attention shifts to integrated supply chain capabilities, the category is encompassing a broader array of functionality, including procurement and supplier relationship management, manufacturing execution and shop floor control, and customer relationship management.
Supply chain execution does not rely upon a single software program. Instead, it consists of a group of tightly integrated tools that link well with supply chain partners' systems to share relevant data and provide visibility. Interest and investment in execution tools is high because of the strong capabilities being developed, the costs being saved, and the return on investment being achieved. Successful implementation can provide users with improved inventory visibility, improved data accuracy, faster throughput and higher inventory turns, better control of transportation costs, and improved customer service. The tools also support supply chain planning, event management, and performance metrics.
Answer to #8
B
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