CIS 511 Wk 11 FINAL EXAM MPS stands for monthly product status. Sales forecasting is used primarily to support SCM. Employee tracking from application to retirement is known as human capital inventory. e-Business has transformed customer2customer and supplier2supplier by virtue of data-centric transactions based on high-speed communications. Another used for the e-business value chain is “virtual value chain”. ERP reduces cost but promotes increases in inventory. SCM unites customers and suppliers with the intent of maximizing responsiveness, augmenting flexibility, eliminating paperwork and controlling cost. ERP and MRP are totally unrelated concepts. ERP is a set of tools used to manage enterprise data. Order settlement’s goals are to manage operations, quantities and dates. Consistency between new technologies and corporate infrastructure mitigates risk. One reason for ERP failures is attributed to narrow focus. EOQ applications monitor and collect data relative to goods-in-process and piece counts versus scrap. BOM is alternately called, “basis of manufacturing”. TQM concentrates on anticipating and preventing defects. Statistical influences related to data mining are valid for customers and employees but not employers and pubic agencies. Open market relates to the attributes of a first-time relationship between a customer and supplier for a new product assembly. Demand management forecasting is linked to both MPS and MRP. There is no need to re-engineer a process once an ERP project has begun. Position control promotes planning and budgeting of personnel costs.
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