Question

There are several ERP solutions available in the market. Some of the most well-known and widely used ERP solutions are from SAP, Oracle, Microsoft, and NetSuite. Which of the following is not correct description of Enterprise Resource Planning (ERP)?

A. It is a software that integrates business systems and processes to combine and analyze information.
B. Potential benefits are reduced inventory, higher service coverage, ready access to high-quality information, ability to replan quickly in response to unforeseen problems.
C. ERP is one of modules under Material Requirement Planning (MRP).
D. Its modules applies to order management, manufacturing plan & execution, purchasing, financial management and accounting.

Answer 1

The correct answer is C. ERP is not one of the modules under Material Requirement Planning (MRP). ERP is a software that integrates business systems and processes to combine and analyze information. Potential benefits of using ERP include reduced inventory, higher service coverage, ready access to high-quality information, and the ability to quickly replan in response to unforeseen problems.

Step-by-step explanation:

The correct answer is C. ERP is not one of the modules under Material Requirement Planning (MRP).

Enterprise Resource Planning (ERP) is a software that integrates business systems and processes to combine and analyze information. It helps in managing various aspects of a business, such as order management, manufacturing planning and execution, purchasing, financial management, and accounting.

Potential benefits of using ERP include reduced inventory, higher service coverage, ready access to high-quality information, and the ability to quickly replan in response to unforeseen problems.