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castortr0y [4]
3 years ago
5

Many firms choose not to implement operational components of ERP software and instead elect to create their own propriety soluti

ons in part because they see their uniqueness in certain operations areas as key to creating difficult-to-imitate competitive advantages.
Business
1 answer:
rjkz [21]3 years ago
7 0

Answer:

The correct answer is True.

Explanation:

THE COMPANIES THAT HAVE IMPLEMENTED AN ERP SYSTEM to integrate their operations, testify to how they improve their performance UP TO 70% since, the ERP system manages to optimize the operational processes of a business.

However, it is necessary to make a good evaluation for your organization, ONCE IT IS DECIDED TO IMPLEMENT THE ERP SYSTEM. Therefore we present here some advantages and disadvantages that may be useful when making such an evaluation.

DISADVANTAGES

HAVING AN ERP SYSTEM HAS MANY ADVANTAGES, but it does not guarantee the total success of the company. The organizational culture, knowing how to involve the staff and anticipate the changes that the organization will undoubtedly undergo when using this administration system, are very important elements for the culmination of the implementation.

THE EFFECTIVENESS OF THE ERP SYSTEM may decrease if there is resistance in sharing information between business units or departments. Due to the strong changes that the ERP SYSTEM implementation entails in the work culture, it is possible that there are poorly trained or uninterested personnel in making use of it.

THE BENEFITS OF HAVING AN ERP SYSTEM do not come immediately with the implementation of the software, these will be evident long after the system is running.

The culmination of the implementation depends on the capacity and skill of the workforce, it also implies education and training, to make the system be applied correctly.

You might be interested in
Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance fo
AveGali [126]

Answer:

$1,345

Explanation:

Calculation to determine what Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is

First step is to calculate the Expense amount

Expense=Credit sales $315,000* .5%

Expense=$1,575

Second step is to calculate the Allowance

Allowance 12/31/2020 $1,650

Less Write-offs(1,880)

Allowance ($ 230)debit

Now let calculate the final balance in its allowance for uncollectible accounts

December 31, 2021 allowance for uncollectible accounts= ($230) + $1,575

December 31, 2021 allowance for uncollectible accounts=$1,345

Therefore Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is $1,345

7 0
3 years ago
A strategic vision for a company__________
tatuchka [14]

Answer:

e. describes "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus.

Explanation:

The vision is how the company will shape the future. How is going to be in term of culture, place in the market and consumer view of the brand.

It is the idealistic foundation of the firm. Is the goal as pure as it can be.

Later, with mision and objective it will break down into smaller part to reach that greater the vision entails

8 0
3 years ago
Which e-business model is used by walmart & pepsi companies through their supply chain management process?
gavmur [86]

<u>Collaborative planning, forecasting, and replenishment (CPFR)</u> e-business model is used by Walmart & Pepsi companies through their supply chain management process.

Supply chain management is the practice of integrating supply and demand management across all of the many participants and channels in the supply chain so that they cooperate as effectively and efficiently as possible. Three main advantages of effective supply chain management for a business.

For any firm, supply chain management is essential because doing it properly can have a number of positive effects; on the other hand, doing it poorly can lead to highly costly delays, quality problems, or reputational damage. If vendors or processes are not compliant, inadequate supply chain management may occasionally result in legal problems as well.

To know more about supply chain management

brainly.com/question/14464030

#SPJ4

5 0
2 years ago
Which term can be defined as the net income that a firm reinvests in itself?
KengaRu [80]

Answer:

retention ratio

Explanation:

Retention ration is the portion of net income retained by a firm to grow its business rather than being declared and paid as dividened.

When a company makes profit at the end of financial period, the company can either retain part of its earning for business expansion, declare part as dividends paid to shareholder or combine both.

Where a firm now reinvest the portion of the profit earned in itself, it is called retention ratio.

6 0
2 years ago
While the Securities and Exchange Commission reviews a registration statement for completeness, most issuers can distribute a fr
OlgaM077 [116]

Answer:

True.

Explanation:

The registration statement is a document that private company files with Securities and Exchange Commission (SEC). This document specifies the intent of private companies, that why they desire to share its stocks with the public. It specifies the securities of  registration, investment, etc.

When a company shares it registration statement with SEC and it is in the procedure of checking, the company is free to distribute its free-writing prospectus.

A free-writing prospectus is written communication that states the offer of selling the security. This document specifies the basic details about the issue. When the registration statement in the process of checking, the company is free to distribute free-writing prospectus. Thus the answer is true.

8 0
3 years ago
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