Best ERP Practices Interview Questions

Ques 1.What is ERP?

Answer 1. ERP stands for Enterprise Resource Planning. It integrates internal and external management information across an entire organization, including finance, accounting, manufacturing, sales and services. In 1990 Group first employed the .acronym ERP

Ques 2.What are the features of ERP?

-:Answer 2. Following are the features of ERP Facilitate the flow of information between all business functions inside the boundary of .organization .It manages the connections to outside stakeholders Features of ERP steps for implementation of ERP:ERP questions and answers for freshers engineers

Ques 3. What are the characteristics of ERP?

Answer 3. Following are the -: characteristics of ERP .An integrated system that operates in real time .A common database, which supports all applications .A consistent look and feel throughout each module

Ques 4. What are the different levels of Best-ERP Practices?

Answer 4. Best practices are incorporated into most ERP systems which reduces risk by 71% when compared to other software implementation. Different levels of Best-ERP -:Practices can be understood by the following diagram ERP-Best Practices

Ques 5. What are the functional areas of ERP?

-:Answer 5. Following are the functional areas of ERP .Financial Accounting .Management Accounting .Human Resources .Supply chain management .Manufacturing Functional Areas

Ques 6. List the main ERP system vendors?

Answer 6. Out of more than 100 ERP providers worldwide, SAP-AG,ORACLE,PEOPLESOFT AND baan- collectively called the Big Five of ERP software vendors. They control .70% of the ERP market share -:Following statistics show the contribution of ERP system vendors in the market

Ques 7. What are the advantages of ERP?

-:Answer 7. Following are the advantages of ERP .Sales forecasting, which allows inventory optimization .Chronological history of every transaction .Order and revenue tracking .They bring legitimacy and transparency .Real time information throughout the company .Data standardization and accuracy

.Matching purchase order and costing

Ques 8. What are the disadvantages of ERP?

-:Answer 8. Following are the disadvantages of ERP .It is very expensive to purchase .It is such a complex program that many companies cannot adjust it .Project tracking and reporting deficiencies .Accounting rules are difficult to understand

Ques 9. Explain the evolution of ERP?

-:Answer 9. The evolution process can be represented as Inventory Management and control :- It is the process of maintaining the appropriate .level of stock Material Requirement Planning :- It utilizes software application for scheduling .production processes Manufacturing Requirement Planning :- It utilizes software application for coordinating .manufacturing processes Enterprise Resource Planning :- It uses multiple model for improving internal business .process Evolution of ERP

Ques 10. What are the components of ERP?

-:Answer 10. Following are the components of ERP .Transactional Database .Management Portal .Human Resources .Supply chain management .Workflow management .Customizable Reporting

Components of ERP

This entry was posted in Resources and tagged Characteristics of ERP, Components Of ERP, Enterprise Resource planning, ERP system vendors, Functional areas of ERP, .interview question and answers on ERP on January 14, 2013 by Peenal Desai Post navigation Corruption is a Necessary Evil for Success in Any Sphere !!!!! Placement Criteria of