Erp Overview (Misy 5340)- Ch 1 , 2, 4, 5 Study Guide Graded A+

Management accounting or controlling (CO) processes {Ans: (track-internal) focus on internal reporting to manage costs and revenues}supplier relationship management (SRM) {Ans: connects the company ERP system to that of their suppliers. Mange the overall relationship, quotes and contracts}standard information structures {Ans: predefined information structures in SAP ERP that collect data needed to create the most commonly used reports}division {Ans: unit that contains similar materials and services}goods issue {Ans: goods movement type generated when materials are removed from storage, in which case inventory is reduced}quotation {Ans: binding agreement to sell products at defined pricing and delivery terms}