You must submit two separate copies (one Word file and one PDF file) using the Assignment Template on Blackboard via the allocated folder. These files must not be in compressed format.
It is your responsibility to check and make sure that you have uploaded both the correct files.
Zero mark will be given if you try to bypass the SafeAssign (e.g. misspell words, remove spaces between words, hide characters, use different character sets, convert text into image or languages other than English or any kind of manipulation).
Email submission will not be accepted.
You are advised to make your work clear and well-presented. This includes filling your information on the cover page.
You must use this template, failing which will result in zero mark.
You MUST show all your work, and text must not be converted into an image, unless specified otherwise by the question.
Late submission will result in ZERO mark.
The work should be your own, copying from students or other resources will result in ZERO mark.
Use Times New Roman font for all your answers.

Question One
Provide the difference between Slack time and Cycle-time efficiency. There are how many ways to compute the Cycle time? Explain only one way.

Question Two
Explain the difference between direct costs, indirect costs, fixed costs, and variable costs, provide a real-world example explaining each of the above. (Every student should provide a different example).

Question Three
Suppose there is a company that does all the work manually and has a particular system in each department. After spending a period of time, they wanted to automate all the company’s functions and operations, and they decided to apply the Enterprise Resource Planning (ERP) system to their organization. Why did they determine to use the Enterprise Resource Planning (ERP) system instead of manually working?

Question Four
Based on scenario in question 3, what are the Enterprise Resource Planning (ERP) benefits, and why they found it essential?