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castortr0y [4]
4 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]4 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.

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Which of the following loans will typically offer the lowest interest rate
EleoNora [17]
<span>Student loans, which are given to those in college by the federal government, are most commonly known as the loans with the small interest rates. These loans are fixed rates and will not increase overtime, they just accumulate monthly untilt he loans are paid off. </span>
5 0
3 years ago
Read 2 more answers
Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items
OLEGan [10]

a. The average aggregate inventory value is <em>$336,000.</em>

b. The number of weeks of supply that the firm has is <em>3 weeks</em>, approximately (2.69 ($336,000/$6,500,000 x 52).

c. The inventory turnover of Sapphire Aerospace for last year was<em> 19.3x.</em>

<u>Question Completion</u>:

Category        Part Number        Average           Value        Total      Category

                                              Inventory Units    per Unit      Value        Totals

Raw Materials      RM-1                20,000               $1        $20,000

Materials             RM-2                 5,000                 5          25,000

                            RM-3                 3,000                 6           18,000

                            RM-4                  1,000                 8            8,000      $71,000

Work-in-process WIP-1                 6,000                10         60,000

                            WIP-2               8,000                 12         96,000   $156,000

Finished goods   FG-1                  1,000                65         65,000

                            FG-2                   500                88         44,000   $109,000

Total value of inventory                                               $336,000  $336,000

Inventory turnover = Cost of goods sold/Average inventory

= 19.3x ($6,500,000/$336,000)

Thus, the average inventory value is $336,000, while the inventory turnover was 19.3x.

Learn more about inventory turnover here: brainly.com/question/5701250

3 0
3 years ago
Of the following activities which is MOST likely to be an interaction between the financial manager and the information systems
ryzh [129]

Answer:

The correct answer is the option A: Developing a system to bill customers, pay suppliers and track inventory.

Explanation:

First of all, an<em> information systems manager</em> has the job of creating, developing and monitoring information systems that could possibly help the organization in its entire structure to improve its performance and therefore that manager focuses in the importance of information as an asset and how could it supports the decision making process for the other executives.

Second of all, a <em>financial manager</em> has the responsability to care about the health of the institution regarding subjects involving money and all of the companies assets. That manager must focuses in the organization of the resources that could help the organization to achieve its goal and how to use them in a proper way.

Finally, in the situation where both of those managers interact together, the main purpose will be to develop an information system, created by the information system manager, that could help the organization to gather information regarding the payment to suppliers, the track of inventory and the bill of customers due to the fact that a system with all that information will help the financial manager to take decisions more properly in order to achieve success.

4 0
4 years ago
Three grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western S
Harrizon [31]

Answer:

1. Direct Materials Budget  Units( bottles)    66,000    102,000   140,000    94,000 Total 452,000

2. Costs Raw Materials   $ 297,000 $ 459,000  $ 630,000  $ 423,000  

Total 2034,000

<u />

Explanation:

Direct Materials Budget in Bottles & Grams

                                                   Year 2                                          Year 3

                                       First        Second       Third         Fourth      First

Budgeted production, 60,000     90,000    150,000    100,000    70,000

Desired Ending Inventory

20 % 0f the Production   18,000   30,000    20,000      14,000

Less Beginning Inventory  

<u>36,000/ 3                       12,000     18,000   30,000    20,000      14,000</u>

D. Materials Budget     66,000    102,000   140,000    94,000

<u>Grams in a Bottle             3              3               3                3          </u>

Raw Materials gms     198,000     306,000   420,000    282,000

<u>Costs                             $1.50           $1.50        $1.50          $1.50      </u>

<u>Costs Raw Materials   $ 297,000 $ 459,000  $ 630,000  $ 423,000 </u>

<u />

<em>We add the desired ending inventory to the budgeted production and subtract the beginning inventory to get the direct materials budget in bottles. This is again multiplied with 3 gms and the cost per gram to get the total costs of the total grams. Each bottle contains 3 grams. </em>

<em></em>

Direct Materials Budget in Bottles & Grams

                                                   Year 2                                        

                                       First        Second       Third         Fourth      Total

Budgeted production, 60,000     90,000    150,000    100,000    450,000

Add Desired Ending Inventory

20 % 0f the Production   18,000   30,000    20,000      14,000     82,000

Less Beginning Inventory  

<u>36,000/ 3                 12,000     18,000   30,000    20,000      80,000          </u>

D. Materials     66,000    102,000   140,000    94,000   452,000

<u>Grams in a Bottle       3              3               3                3                 3              </u>

Raw Materials      198,000     306,000   420,000  282,000   1356,000

<u>Costs                      $1.50           $1.50        $1.50          $1.50        1.50          </u>

<u>Costs Raw Materials   $ 297,000 $ 459,000  $ 630,000  $ 423,000 </u>

<u>Total  $ 2034,000</u>

<u />

3 0
4 years ago
The federal Social Security Act A. Does not apply to self-employed persons. B. Excludes professionals such as accountants, lawye
Andrej [43]

Answer:

D. Provides that bonuses and commissions paid as compensation are included as wages in the calculation of employer-employee contributions.

Explanation:

As with reference to Sec 312(a) - it clearly states that all the amount rendered by the employer to the employee as in the nature of wages shall be included for computing the value of contributions.

Thus, as the bonuses and commissions are part of wages.

This clearly it creates the understanding that all the bonus and commissions received by the employee shall form part of wages for calculating the value of employer employee contributions towards the funds.

3 0
3 years ago
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