The current generation of ERP software ERP II) may include an advanced planning and scheduling system that:
Answer(s): C
An advanced planning and scheduling system may be an element of a supply chain management application for a manufacturer. It controls the flow of materials and components within the chain. Schedules are created given projected costs, lead times, and inventories.
The current generation of ERP software ERP II) has added such front-office functions as:
Answer(s): D
The current generation of ERP software EPP II) has added front-office functions.Customer relationship management applications in ERP II extend to customer service, finance- related matters, sales, and database creation and maintenance. Integrated data are helpful in better understanding customer needs, such as product preference or location of retail outlets. Thus, the organization may be able to optimize its sales forecasts, product line, and inventory levels.
The company uses a planning system that focuses first on the amount and timing of finished goods demanded and then determines the derived demand for raw materials, components, and subassemblies at each of the prior stages of production. This system is referred to as:
Answer(s): B
Materials requirements planning MRP) is a system that translates a production schedule into requirements for each component needed to meet the schedule. It is usually implemented in the form of a computer-based information system designed to plan and control raw materials used in production. It assumes that forecasted demand is reasonably accurate and that suppliers can deliver based upon this accurate schedule. MRP is a centralized push-through system: output based on forecasted demand is pushed through to the next department or to inventory.
Enterprise-wide resource planning ERP) software packages, such as SAP and Oracle, are all- inclusive systems that attempt to provide entity-wide information. ERP systems provide advantages to the auditor because they:
ERP systems have a variety of controls and report generation functions that allow the auditor to abstract and monitor data collected and processed. Some ERP systems have built-in audit functions.
Auditors often make use of computer programs that perform routine processing functions, such as sorting and merging. These programs are made available by computer companies and others and are specifically referred to:
Utility programs are provided by manufacturers of equipment to perform routine processing tasks required by both clients and auditors, such as extracting data, sorting, merging, and copying. Utility programs are pretested, are independent of the client's own programming efforts, and furnish useful information without the trouble of writing special programs for the engagement.
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