UARK SCMT 2103 Exam 2
Which are important customer-level information types? - Answer- All of the above
Point of sale
Forecasts
Inventory levels
Promotional plans
Data that is captured at retail checkout is referred to as __________________ data. - Answer- point-of-sale
Advanced shipm...
UARK SCMT 2103 Exam 2
Which are important customer-level information types? - Answer- All of the above
Point of sale
Forecasts
Inventory levels
Promotional plans
Data that is captured at retail checkout is referred to as __________________ data.
- Answer- point-of-sale
Advanced shipment notices (ASNs) is a ___________-level information type. -
Answer- supplier
How specific is point-of-sale data? - Answer- SKU-time-location specific
Which are fundamental characteristics of firms with high internal integration? -
Answer- They integrate planning activities.
They facilitate information exchange across functional areas.
They ensure functional awareness.
Which organizational factors are needed to leverage supply chain visibility and big
data? - Answer- Clear business case for using the data
For a data scientist to be more effective, he or she should have ________________.
- Answer- Broad analytical skills and high domain knowledge
Which is a new way to accomplish business process re-engineering? - Answer-
Using big data and predictive analytics
Which type of flexibility refers to the ability to manage transitions in production and
delivery across heterogeneous products? - Answer- Variety flexibility
Which company is most likely to be historically considered to be a lean company? -
Answer- Walmart
Which type of flexibility refers to taking core products and making changes to them?
- Answer- Customization flexibility
Which is a key outcome of an agile strategy? - Answer- Satisfied customers
The increasing volatility shown by the Supply Chain Volatility index indicates which
strategy will become increasingly important? - Answer- Agile
, Which supply chain strategy works best in high volume, low variety and predictable
environments? - Answer- Lean
Which company was an early pioneer in customization flexibility of personal
computers? - Answer- Dell
The maker movement will ____________ the speed to markets of new products. -
Answer- Increase
The emergence of omnichannel retailing makes the need for which type of flexibility
particularly important? - Answer- Variety
The ability to vary production dramatically is _________________ flexibility. -
Answer- Volume
Which of the following about the future of data is most likely true? - Answer- Both the
digital universe and the amount of tagged data will increase over the next five years.
Big data is " bigger" because of which factor? - Answer- All of the above
More volume
More variety
More velocity
The number of devices connected to the internet is how many times greater than one
year ago? - Answer- 200 times
A bottleneck is the ______________ part of a process. - Answer- Slowest
Which type of inventory is the amount of inventory that is expected to sell during a
replenishment period? - Answer- Cycle stock
Which type of inventory allows a company to take advantage of transportation
utilization? - Answer- Cycle stock
Which type of inventory is used as a buffer against uncertainty in demand and lead
time? - Answer- Safety stock
Which of the following is/are a form of inventory? - Answer- Raw materials
Work-in-process
Finished goods
Which form of inventory is the most expensive to hold? - Answer- Finished goods
Which form of inventory is being transformed into a final product? - Answer- Work-in-
process
Which type of inventory is in a transportation unit? - Answer- In-transit inventory
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