Since the Features and Functions of Complex Products Like CRM

question 30

Multiple Choice

Since the features and functions of complex products like CRM or ERP are not easy to identify, ________ is a major task when implementing enterprise systems.

• A)virtualization
• B)encapsulation
• C)gap identification
• D)data duplication

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Definitions:

Product Changes

Modifications or improvements made to a product’s design, specifications, or features to enhance its performance, appeal, or compliance with regulations.

JIT Partnerships

Collaborations between suppliers and manufacturers that follow Just-In-Time inventory principles to reduce waste and increase efficiency.

Competitive Bidding

A procurement process where suppliers submit their bids to win a contract, based on price and/or other criteria.

Vertical Integration

Developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.