SCMT 2103 KENT Exam 2 Uark
Which supply chain strategy is needed in less predictable environments? - Answer- Agile
Which type of flexibility refers to the ability to scale output up and down without significant penalty? - Answer- Volume Flexibility
The increasing volatility shown by the Su...
SCMT 2103 KENT Exam 2 Uark
Which supply chain strategy is needed in less predictable environments? - Answer-
Agile
Which type of flexibility refers to the ability to scale output up and down without
significant penalty? - Answer- Volume Flexibility
The increasing volatility shown by the Supply Chain Volatility index indicates which
strategy will become increasingly important? - Answer- Agile
Which is a key outcome of a lean strategy? - Answer- Reduced waste
Which supply chain strategy works best in high volume, low variety and predictable
environments? - Answer- Lean
The emergence of omnichannel retailing makes the need for which type of flexibility
particularly important? - Answer- Variety
As products move through their lifecycles more quickly, which type of flexibility
becomes more important? - Answer- New Product
The maker movement will ____________ the speed to markets of new products. -
Answer- Increase
The ability to vary production dramatically is _________________ flexibility. -
Answer- Volume
In the past two years, what percentage of all recorded data has been recorded? -
Answer- 90%
The number of devices connected to the internet is how many times greater than one
year ago? - Answer- 200 times
Which organizational factors are needed to leverage supply chain visibility and big
data? - Answer- Clear business case for using the data
Which are fundamental characteristics of firms with high internal integration? -
Answer- They 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? - Answer-
Using big data and predictive analysis
For a data scientist to be most effective, he or she should have
_________________________. - Answer- Broad analytical skills and high domain
knowledge
, Data that is captured at retail checkout is referred to as __________________ data.
- Answer- Point-Of-Scale
How specific is point-of-sale data? - Answer- SKU-time-location specific
Which companies collaboratively pioneered the sharing of POS data? - Answer-
Walmart and P&G
Syndicated data purchased from AC Nielsen is an example of
_______________________. - Answer- Market-level demand information
Big data is " bigger" because of which factor? - Answer- More 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? - Answer- Safety Stock
Which type of inventory is the amount of inventory that is expected to sell during a
replenishment period? - Answer- Cycle Stock
A bottleneck is the ______________ part of a process. - Answer- Slowest
Which form of inventory is the most expensive to hold? - Answer- Finished goods
Which type of inventory is in a transportation unit? - Answer- In-transit inventory
Which is a clear sign of a bottleneck in a manufacturing process? - Answer- Work-in-
process inventory is building behind
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 type of inventory allows a company to take advantage of transportation
utilization? - Answer- Cycle Stock
Which form of inventory is being transformed into a final product? - Answer- Work-in-
process
Capital costs can be viewed as the _________________ associated with the money
tied up in inventory. - Answer- Opportunity
The cost associated with inventory shrink is classified as a ________ cost. - Answer-
Risk
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Freshy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
