Second Generation ERP Systems Addressed the First Generation Deficiency Of

question 101

Multiple Choice

Second generation ERP systems addressed the first generation deficiency of:

• A) inadequate statistics
• B) interdepartmental communications
• C) integrated modules
• D) continuous planning capabilities
• E) forecasting capabilities

Understand the basic concepts and types of costs associated with inventory management, including setup or ordering costs, holding costs, and costs of shrinkage.

Recognize the distinction between independent and dependent demand in inventory management.

Identify the challenges in balancing inventory investment with customer service to achieve efficient inventory management.

Understand the purpose and types of inventories, including work-in-process and maintenance, repair, and operations (MRO) inventories.

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Definitions:

Glossitis

Inflammation of the tongue, which can lead to changes in color, texture, and appearance, often accompanied by pain or discomfort.

Nasal Disease

A medical condition affecting the nose, which can range from common colds to allergies and more serious conditions like sinusitis.

Videonystagmograph

A diagnostic tool used to assess and record involuntary movements of the eyes (nystagmus) to evaluate balance and dizziness disorders.

Balance

The state of having equal distribution of weight or amount, or the ability to maintain equilibrium.