Question: Match the following terms with the appropriate definitions: i. Enterprise system ii. Legacy system iii. Value system iv. ERP extended components v. Standalone application vi.
Match the following terms with the appropriate definitions:
i. Enterprise system ii. Legacy system iii. Value system iv. ERP extended components v. Standalone application vi. Vanilla version vii. Make-to-stock process viii. Business process management ix. Procure-to-pay process x. Internally focused system
a. Components that support the primary external activities of the organization for dealing with suppliers and customers
b. System that focuses on the specific needs of an individual department
c. The processes associated with producing goods based on forecasted demand
d. Older system that is not designed to communicate with other applications beyond departmental boundaries
e. Information system that allows companies to integrate data on a company-wide basis
f. The features and modules that a packaged software system comes with out of the box g. The processes associated with acquiring goods from suppliers h. A systematic, structured improvement approach by all or part of an organization whereby people critically examine, rethink, and redesign business processes in order to achieve dramatic improvements in one or more performance measures, such as quality, cycle time, or cost i. Information system that supports functional areas, business processes, and decision making within an organization j. A collection of interlocking company value chains
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