Select the True Statement from Those Provided Below

question 34

Multiple Choice

Select the true statement from those provided below.

• A)An ERP system is designed to interact with a stand-alone sales and inventory application to create general ledger information.
• B)An ERP system is designed to be a stand-alone software application to accomplish revenue, expenditures, conversion, and administrative processes.
• C)An ERP system will accomplish e-commerce but relies on other software applications for the accomplishment of e-business transactions.
• D)An ERP system will not collect, process, store, and report the data resulting from e-business transactions.

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Definitions:

Demand Information

Data regarding customer requirements for products or services, used for planning production and inventory levels.

Bullwhip Effect

A phenomenon in supply chain management where small variations in demand at the retail level cause increasingly larger variations in demand at the wholesale, distributor, and manufacturer levels.

CPFR

Collaborative Planning, Forecasting, and Replenishment, a business practice where supply chain partners share information and resources to better predict demand and optimize supply.

Technology

The application of scientific knowledge for practical purposes, especially in industry.