Exam (elaborations)
Cnit 344 Exam 1 Exam Questions And Answers With Verified Solutions Already Passed
- Course
- Institution
Cnit 344 Exam 1 Exam Questions And Answers With Verified Solutions Already Passed
[Show more]
Content preview
Cnit 344 Exam 1 Exam Questions AndAnswers With Verified Solutions Already
Passed!!!
Customer - ANSWER✔✔Who is buying from you
Vendor - ANSWER✔✔Who you are buying from
Purchaser/Buyer - ANSWER✔✔Your representative who buys from the vendor
Cost - ANSWER✔✔What you pay for an item
Price - ANSWER✔✔What your customer pays for an item
Purchase Order - ANSWER✔✔How you buy from the vendor
Sales Order - ANSWER✔✔How your customer buys from you
5 S's - ANSWER✔✔Source
Stock
Store
Sell
Ship
*involved in all distribution operations
Support Services - ANSWER✔✔Information technology - ERP/CRM
HR Management - "People"
Finance Management - "Money"
Transportation - "Move Things"
ERP System - ANSWER✔✔*business process* management *software* that
allows an organization to use a system of *integrated* applications to manage the
business and automate many *back office* functions related to technology,
services and human resources
Glue that binds or integrates computer systems
, ERP Capabilities - ANSWER✔✔Order Processing
Pricing
Inventory Control
Sales Analysis
General Ledger
Accounts Receivable
Accounts Payable
Truck Routing
Transfers
Receiving
Purchasing
Inventory Management
Product Catalog - ANSWER✔✔Pricing Information
In-Stock & Special Order Items
Cost Information
ERP Tracks - ANSWER✔✔Products
Salesforce
Customers
Vendors
Financials
Provides Analytics for decisions
ERP Advantages - ANSWER✔✔Improves Operational efficiency
Reduces costs & increases profit
Helps with both customer & Inventory stratification
Provides Analytics
Still requires people to make it work
Item Master - ANSWER✔✔Answers:
What is it?
Where is it?
Where did it come from?
Tells customers what I have to sell
Tells employees what I can sell
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller classhub. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77988 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now