Scmt exam 2 - Study guides, Class notes & Summaries

UARK SCMT 4653 Exam 3 Questions And Actual Answers (DSI Problems) Power imbalances and politics are: - 1.) Driven by marketing and sales, costs skyrocket, service levels plummet, firms go out of business 2.) Dominated by finance 3.) Demand plan is simply ignored at last minute Benefits of Postponement: - Simultaneously reduces some costs and improves service Increases product selection Mass customization to individual customer preferences Best condition for Postponeme...

Which supply chain strategy is needed in less predictable environments? - Agile Which type of flexibility refers to the ability to scale output up and down without significant penalty? - Volume Flexibility The increasing volatility shown by the Supply Chain Volatility index indicates which strategy will become increasingly important? - Agile Which is a key outcome of a lean strategy? - Reduced waste Which supply chain strategy works best in high volume, low variety and predictable en...

In the past two years, what percentage of all recorded data has been recorded? - Correct Answer 90% The number of devices connected to the internet is how many times greater than one year ago? - Correct Answer 200 times Customer sentiment is what type of data? - Correct Answer structured As products move through their lifecylces more quickly, which type of flexibility becomes more important? - Correct Answer new product The ability to vary production dramatically is - Correct Answer ...

In the past two years, what percentage of all recorded data has been recorded? - Correct Answer 90% The number of devices connected to the internet is how many times greater than one year ago? - Correct Answer 200 times Customer sentiment is what type of data? - Correct Answer structured As products move through their lifecylces more quickly, which type of flexibility becomes more important? - Correct Answer new product The ability to vary production dramatically is - Correct Answer ...