When a Legacy System Is Replaced with an Integrated Enterprise

question 68

Multiple Choice

When a legacy system is replaced with an integrated Enterprise Resource Planning (ERP) system,many benefits are realized for the organization.What is a key improvement in the record keeping function?

• A)Any department can now submit a request to purchase items.
• B)The system tracks the exact time of delivery.
• C)Major suppliers send electronic notification of incoming deliveries.
• D)Inventory records are more accurate and timely.

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Definitions:

Basic Chart

A visual representation of data designed to display simple information clearly and concisely, often used in reporting and analysis.

Account Number

An Account Number is a unique identifier assigned to each account within a bank or financial institution, facilitating the management, tracking, and distinction of transactions.

Chart Of Accounts

A systematic list of all account titles and numbers being used by an organization to organize financial statement information.

Business

A business or company involved in commercial, industrial, or professional operations.