Please choose one answer and clearly clarify the choice

There are several ERP solutions available in the market. Some of the most well-known and widely used ERP solutions are from SAP, Oracle, Microsoft, and NetSuite. Which of the following is not correct description of Enterprise Resource Planning (ERP)?

A::It is a software that integrates business systems and processes to combine and analyze information.

B::Potential benefits are reduced inventory, higher service coverage, ready access to high-quality information, ability to replan quickly in response to unforeseen problems.

C::ERP is one of modules under Material Requirement Planning (MRP).

D::Its modules applies to order management, manufacturing plan & execution, purchasing, financial management and accounting.

Organizations carry physical inventory despite of various expenses incurred for order placement, receipts of orders, rent for warehouse, service activities such as climate control and insurance for damage or loss. Inventory exists to serve below purposes EXCEPT:

A::To maintain close relationship with suppliers

B::To provide and maintain good customer service

C::To provide protection against the uncertainties of supply and demand

D::To smooth the flow of goods through the production process by decoupling adjacent processes

Vendor-managed inventory (VMI) is an inventory management practice in which a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory held by a distributor. In traditional inventory management, a retailer (sometimes called buyer) makes his or her own decisions regarding the order size, while in VMI the retailer shares their inventory data with a vendor (sometimes called supplier) such that the vendor is the decision-maker who determines the order size for both. Which of the followings is not the feature of VMI?

A::Merges ordering and inventory functions and deligates to vendor.

B::Effective application of VMI improves inventory turnover ratio.

C::Purchasing contract normally does not specify purchasing volume or quantity.

D::Vendors tend to increase on hand inventory level because carrying cost incurs to buyer.

ERP (Enterprise Resource Planning) is a software to manage companies which originates from MRP (Manufacturing Requirement Planning) suited for manufacturing organizations to improve manufacturing efficiency. According to the video on Enterprise Resource Planning, ERP is a system that optimize the flow of ________, ________, and _______ in organization.

A::supplier, customer, cash

B::information, material, cash

C::information, work order, distribution

D::supply, demand, cash