ERP Practices Interview Questions
Enterprises Resource Planning (ERP) is a cross functional enterprise system that is driven by an software module that supports the basic business processes of company. This is one of the most vital subject that is asked in the Interview. We have collected a number of question with answers that will surely help you in your preparation. All the Best !!
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:-
1. Facilitate the flow of information between all business functions inside the boundary of organization.
2. It manages the connections to outside stakeholders
Features 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:-
1. An integrated system that operates in real time.
2. A common database, which supports all applications.
3. A consistent look and feel throughout each module.
Best Practices of ERP
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:-
Ques 5. What are the functional areas of ERP ?
Answer 5. Following are the functional areas of ERP:-
1. Financial Accounting.
2. Management Accounting.
3. Human Resources.
4. Supply chain management.
5. Manufacturing.
Ques 6. List the main ERP system vendors ?
Answer 6. Out of more than 100 ERP providers worldwide, SAP-AG,ORACLE,PEOPLE-SOFT 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:
1. Sales forecasting, which allows inventory optimization.
2. Chronological history of every transaction.
3. Order and revenue tracking.
4. They bring legitimacy and transparency.
5. Real time information throughout the company.
6. Data standardization and accuracy.
7. Matching purchase order and costing.
Ques 8. What are the disadvantages of ERP ?
Answer 8. Following are the disadvantages of ERP:-
1. It is very expensive to purchase.
2. It is such a complex program that many companies cannot adjust it.
3. Project tracking and reporting deficiencies.
4. Accounting rules are difficult to understand.
Ques 9. Explain the evolution of ERP ?
Answer 9. The evolution process can be represented as:-
1. Inventory Management and control :- It is the process of maintaining the appropriate level of stock.
2. Material Requirement Planning :- It utilizes software application for scheduling production processes.
3. Manufacturing Requirement Planning :- It utilizes software application for coordinating manufacturing processes.
4. Enterprise Resource Planning :- It uses multiple model for improving internal business process. You can also see this from the figure below:
Evolution of ERP
Components of ERP system
Ques 10. What are the components of ERP ?
Answer 10. Following are the components of ERP:-
1. Transactional Database.
2. Management Portal.
3. Human Resources.
4. Supply chain management.
5. Workflow management.
6. Customization Report
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I want to know the ERP functional queries or questions asked during interview
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