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SCMT 2103 KENT Exam 2 UARK QUESTIONS WITH ACCURATE ANSWERS
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SCMT 2103 KENT Exam 2 UARK
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SCMT 2103 KENT Exam 2 UARKWhich supply chain strategy is needed in less predictable environments? - answerAgile
Which type of flexibility refers to the ability to scale output up and down without
significant penalty? - answerVolume Flexibility
The increasing volatility shown by the Supply Chain Volatility index indicates which
strategy will become increasingly important? - answerAgile
Which is a key outcome of a lean strategy? - answerReduced waste
Which supply chain strategy works best in high volume, low variety and predictable
environments? - answerLean
The emergence of omnichannel retailing makes the need for which type of flexibility
particularly important? - answerVariety
As products move through their lifecycles more quickly, which type of flexibility becomes
more important? - answerNew Product
The maker movement will ____________ the speed to markets of new products. -
answerIncrease
The ability to vary production dramatically is _________________ flexibility. -
answerVolume
In the past two years, what percentage of all recorded data has been recorded? -
answer90%
The number of devices connected to the internet is how many times greater than one
year ago? - answer200 times
Which organizational factors are needed to leverage supply chain visibility and big
data? - answerClear business case for using the data
Which are fundamental characteristics of firms with high internal integration? -
answerThey integrate planning activities.
They ensure functional awareness.
They facilitate information exchange across functional areas
, Which is a new way to accomplish business process re-engineering? - answerUsing big
data and predictive analysis
For a data scientist to be most effective, he or she should have
_________________________. - answerBroad analytical skills and high domain
knowledge
Data that is captured at retail checkout is referred to as __________________ data. -
answerPoint-Of-Scale
How specific is point-of-sale data? - answerSKU-time-location specific
Which companies collaboratively pioneered the sharing of POS data? - answerWalmart
and P&G
Syndicated data purchased from AC Nielsen is an example of
_______________________. - answerMarket-level demand information
Big data is " bigger" because of which factor? - answerMore Volume
More Variety
More Velocity
Which type of inventory is the amount of the expected amount of inventory on-hand
when the next replenishment arrives? - answerSafety Stock
Which type of inventory is the amount of inventory that is expected to sell during a
replenishment period? - answerCycle Stock
A bottleneck is the ______________ part of a process. - answerSlowest
Which form of inventory is the most expensive to hold? - answerFinished goods
Which type of inventory is in a transportation unit? - answerIn-transit inventory
Which is a clear sign of a bottleneck in a manufacturing process? - answerWork-in-
process inventory is building behind
Which type of inventory is used as a buffer against uncertainty in demand and lead
time? - answerSafety stock
Which of the following is/are a form of inventory? - answerRaw materials, work in
process, finished goods
Which type of inventory allows a company to take advantage of transportation
utilization? - answerCycle Stock
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