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This exercise tests your understanding of the information needed to trace a sale through a




This exercise tests your understanding of the information needed to trace a sale through a;multistep ERP sales cycle: sales order, inventory sourcing, delivery, billing, and payment.;Assume that an order has been placed with your company and entered into your ERP;system. The following events then take place;a. The system automatically checks the customer?s credit and finds it to be acceptable.;The order is recorded for the delivery date requested.;b. The system schedules the production of the goods. (There is not enough inventory to;ship from stock.);c. The system schedules raw material orders from the vendors to produce the goods;ordered.;d. The raw materials are received and stored.;e. The goods are produced and reserved for shipment to the customer.;f. The system schedules the delivery, and an invoice is printed and included with the;shipment. The goods are then put on the delivery truck;g. Shipping notifies Accounting of the shipment?s details.;h. A month later, the customer sends in payment, which is recorded in accounting.;For each of these events, list the information that must be recorded in the common;database. You do not need to know how to use a database to do this, nor do you need to;understand bookkeeping. For example, for the credit-check step, think about what;information is needed to perform a credit check on a given customer.;At each step, did the wealth of the company increase or decrease? At each step, how did;the company?s obligations to outside entities change? At each step, how did the obligations;of outside entities to the company change?


Paper#66033 | Written in 18-Jul-2015

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