The Early Stage of ERP Was Carried Out in the 1970s

question 85

Multiple Choice

The early stage of ERP was carried out in the 1970s through a system called ____.

• A)Customer Relationship Management (CRM)
• B)Database Management System (DBMS)
• C)Materials Requirement Planning (MRP)
• D)Decision Support System (DSS)

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Definitions:

Financial Flows

The movement of money between entities, businesses, or within the financial markets.

Inventory Velocity

Inventory velocity refers to the speed at which inventory is sold or turned over in a given period, indicating the efficiency of inventory management and effectiveness in meeting market demand.

Supply Chain

A system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Downstream

In a supply chain, refers to processes or activities that occur after a particular point, often closer to the end customer.