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KonstantinChe [14]
3 years ago
11

How can integrating SCM, CRM, and ERP help improve business operations at your place of work or school

Business
1 answer:
zalisa [80]3 years ago
8 0

Answer:

The integration of those systems will have the power to improve the operations by giving more information and control to the managers and help them in the decision making process.

Explanation:

First of all, the name of "Supply Chain Management" refers to a system that is used in the companies in order to have information and control what it is known as the flow of the goods and services since the raw materials until the final good consumed by the final user.

Secondly, a "Customer Relationship Management" is another system that focus more priorily in the attention to the consumer and the relationship that the company has with him, meaning that in that system all the information related to the customer is held

Finally, an "Enterprise Resource Planning" is also a system that helps the managers to resolve the problems more superiors related to the high management and the decision making process that is involved in those areas due to the fact that it provides a continuous and real life time focus of the situation of the company as a whole.

To sum up and in order to respond to the question, those three systems can help any business to improve its operations due to the simply fact that it will have a major control of what happens and that will mean more information for the decision making process that will lead to better results and profits.

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What are the three activities according to which a statement of cash flows is organized?
HACTEHA [7]

Operations, Investing and Financing are the three activities according to which a statement of cash flows is organized.

Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time. Cash is consistently moving into and out of a business.

For example- When a retailer purchases inventory, money flows out of the business toward their suppliers.

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2 years ago
Budgeting supports the planning process by encouraging all of the following activities except a. requiring all organizational un
solong [7]

Answer:

The correct answer is option d. directing and coordinating operations during the period.

Explanation:

Budget is a plan which elaborates how the resources of the company are to be spent to achieve desired targets or growth rates.

It helps all the units of the organization to establish goal for the coming period.

It is also helpful for the managers and employees by increasing their motivation as they now have to chase a decided target.

It also helps in estimating cost reduction techniques, alternatives on the basis of last year data.

Since, it is just an estimate it does not provide any help in directing and coordinating operations.

So, the correct answer is <u>option D.</u>

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3 years ago
Sheffield Corp. uses the composite method and its composite rate is 7.5% per year, what entry should it make when plant assets t
muminat

Answer:

$ 142 375

Explanation:

Thinking process:

Let the composite rate be given by the formula:

A = P (1+\frac{r}{n})^{nt}

where

A = amount after interest

\frac{r}{n} = interest rate

t = time

n = number of times (per year)

Therefore, this gives:

A =134 000 (1+\frac{0.75}{12})^{1}\\   = $ 142 375

8 0
4 years ago
Which of the following statements are positive? The minimum wage creates unemployment among young and unskilled workers. The min
larisa86 [58]

Answer:

The minimum wage creates unemployment among young and unskilled workers.

If the price of a product in a market decreased, other things equal, quantity demanded will increase.

There is a tradeoff between inflation and unemployment in the short run.

If consumer income increases, other things equal, the demand for automobiles will increase

If interest rates increase, investment will decrease.

Explanation:

Positive statement is objective and statements are usually based on facts and economic theory. They can be tested.

It is a known fact that the higher the minimum wage, the lower the demand for labour and the higher the unemployment rate. this is because price varies inversely with demand

a tradeoff between inflation and unemployment in the short run is known as the Phillips curve

Normative statement is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small

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3 years ago
If you were to deposit $1,000 into an account that paid 10 percent
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