Key Requirements to a Successful ERP Implementation Include Adequate Computer

question 34

True/False

Key requirements to a successful ERP implementation include adequate computer support,accurate system inputs,and flexible business processes that can conform to the approaches used in the ERP software logic.

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Definitions:

Strategic Item

A product or raw material critical to a company's business operations, often because it influences product quality or is a major cost driver.

Threshold Incentives

Threshold incentives are rewards or bonuses offered to encourage performance or purchases that exceed a specified level or threshold.

Rolling Time Horizon

A planning approach that continuously updates the planning period to include a new future period as the current period progresses or concludes.

Hockey Stick Phenomenon

A pattern observed in charts or graphs where a long period of steady but slow growth is suddenly followed by a sharp increase.