What should be the first step in the process of selecting an ERP vendor?
What will be an ideal response?
The first step should be to research all the different vendors of ERP systems on the market and come up with a short list of vendors who will be able to meet the general business requirements. If the company is running their current systems on outdated legacy systems, much of the research should focus on those computer platforms that will support the hardware and software needed to move the company to the cutting edge.
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A swim lane flowchart is an appropriate tool to use when:
A) the process features only intangible outputs. B) the process involves more than one department. C) the process scope is difficult to define. D) the process has a person or group of people at a workstation or with a customer.
Which strategy would be effective when the stockholders of a firm can minimize their losses by selling the organization's assets?
A) Integration B) Differentiation C) Diversification D) Cost leadership E) Liquidation