SCMN 3150 Exam 3 || with 100% Errorless Solutions.
When supply chain data is said to be RELEVANT, it must correct answers contain pertinent
details and support analysis
* Tools like the internet, virtual private networks, and cloud computing like geographically
dispersed supply chains to a common data pool that allows companies to improve their correct
answers Collaboration
A well-designed and properly deployed supply chain information system will make an
organization become more correct answers responsive
* Supply chain information systems cannot overcome poor quality information. Poor information
generates bad decisions and unexpected results. correct answers True
Decision support tolls provide the ability to model volatile scenarios, give the organization the
____________ to sense and respond to changing market conditions. correct answers Agility
What type of software tools help SC managers understand why events occurred, their likelihood
of re-occurrence, and the impact of supply chain changes through advanced quantitative analysis,
data mining, and predictive modeling? correct answers Business analytics tools
In the FedEx healthcare share network video, what it the most important issue to track while the
goods are in transit? correct answers Temperature of the goods
From a differentiation standpoint, technology can help an organization define supplier and
customer segments, understand the cost to serve them, and prioritize service execution so that
critical groups receive appropriate attention. correct answers True
Characteristics of high quality data and useful supply chain information include all of the
following EXCEPT: correct answers Ambiguity
The Industry in Action video clip about ____________ indicates that supply chain technology
addresses more than just software. Technology can also be used to automate operations and
improve labor productivity. correct answers Kiva Systems
* Supply Chain Planning systems correct answers What type of supply chain software help
managers gain accurate, detailed insight into issues that affect the development of supply chain
activities via algorithms, optimization, and heuristics to achieve objectives within a stated time
horizon?
* Supply Chain Execution Systems correct answers What category of supply chain software
directs the day-to-day activities of the buy, make, and customer service processes?
, Supply Chain Event Management correct answers Provide visibility of critical flows and give
early warning signals of deviations from plans. Then, the software triggers corrective actions or
recovery recommendations based on predefined work flow rules.
Supply Chain Intelligence Tools correct answers Extract data from systems across the supply
chain to a data warehouse where it is quickly analyzed and sent to
* The growth of international trade in higher value, time sensitive finished goods requires
stronger SCM capabilities. correct answers true
Why would a company manufacture goods globally? correct answers To become more
responsive
When sourcing goods globally, organizations must evaluate more than just a potential supplier's
ability to reduce material and labor costs. correct answers True
* What type of technology provides a control tower from which relevant supply chain
information can be seen by all stakeholders, creates one version of the truth, and eliminates
information time lags that hinder event management response. correct answers Cloud computing
______________ entails identifying, evaluating, negotiating and configuring supply across
multiple geographies to reduce costs, maximize performance and mitigate risks. correct answers
Global sourcing
How can an organization increase their potential for success in global outsourcing? correct
answers Develop formal quality agreements
What is the most complex and riskiest method for becoming a global manufacturer? correct
answers Direct Investment
Mobile phones and tablets offer little value for supply chain operations and real-time event
management. correct answers False
As global trade growth skyrockets for raw materials and agricultural products, supply chain
operations have become more critical to organizations. correct answers False
Production of goods by one firm, under the label or brand of another firm is called: correct
answers Contract manufacturing
* What is the biggest risk in global contract manufacturing? correct answers Loss of supply
chain control
According to the two experts in the Episode 10 wrap up video, what is the potential for
manufacturing in the future? correct answers Manufacturing will grow but it will look different
than it did over the past 20 years
When supply chain data is said to be RELEVANT, it must correct answers contain pertinent
details and support analysis
* Tools like the internet, virtual private networks, and cloud computing like geographically
dispersed supply chains to a common data pool that allows companies to improve their correct
answers Collaboration
A well-designed and properly deployed supply chain information system will make an
organization become more correct answers responsive
* Supply chain information systems cannot overcome poor quality information. Poor information
generates bad decisions and unexpected results. correct answers True
Decision support tolls provide the ability to model volatile scenarios, give the organization the
____________ to sense and respond to changing market conditions. correct answers Agility
What type of software tools help SC managers understand why events occurred, their likelihood
of re-occurrence, and the impact of supply chain changes through advanced quantitative analysis,
data mining, and predictive modeling? correct answers Business analytics tools
In the FedEx healthcare share network video, what it the most important issue to track while the
goods are in transit? correct answers Temperature of the goods
From a differentiation standpoint, technology can help an organization define supplier and
customer segments, understand the cost to serve them, and prioritize service execution so that
critical groups receive appropriate attention. correct answers True
Characteristics of high quality data and useful supply chain information include all of the
following EXCEPT: correct answers Ambiguity
The Industry in Action video clip about ____________ indicates that supply chain technology
addresses more than just software. Technology can also be used to automate operations and
improve labor productivity. correct answers Kiva Systems
* Supply Chain Planning systems correct answers What type of supply chain software help
managers gain accurate, detailed insight into issues that affect the development of supply chain
activities via algorithms, optimization, and heuristics to achieve objectives within a stated time
horizon?
* Supply Chain Execution Systems correct answers What category of supply chain software
directs the day-to-day activities of the buy, make, and customer service processes?
, Supply Chain Event Management correct answers Provide visibility of critical flows and give
early warning signals of deviations from plans. Then, the software triggers corrective actions or
recovery recommendations based on predefined work flow rules.
Supply Chain Intelligence Tools correct answers Extract data from systems across the supply
chain to a data warehouse where it is quickly analyzed and sent to
* The growth of international trade in higher value, time sensitive finished goods requires
stronger SCM capabilities. correct answers true
Why would a company manufacture goods globally? correct answers To become more
responsive
When sourcing goods globally, organizations must evaluate more than just a potential supplier's
ability to reduce material and labor costs. correct answers True
* What type of technology provides a control tower from which relevant supply chain
information can be seen by all stakeholders, creates one version of the truth, and eliminates
information time lags that hinder event management response. correct answers Cloud computing
______________ entails identifying, evaluating, negotiating and configuring supply across
multiple geographies to reduce costs, maximize performance and mitigate risks. correct answers
Global sourcing
How can an organization increase their potential for success in global outsourcing? correct
answers Develop formal quality agreements
What is the most complex and riskiest method for becoming a global manufacturer? correct
answers Direct Investment
Mobile phones and tablets offer little value for supply chain operations and real-time event
management. correct answers False
As global trade growth skyrockets for raw materials and agricultural products, supply chain
operations have become more critical to organizations. correct answers False
Production of goods by one firm, under the label or brand of another firm is called: correct
answers Contract manufacturing
* What is the biggest risk in global contract manufacturing? correct answers Loss of supply
chain control
According to the two experts in the Episode 10 wrap up video, what is the potential for
manufacturing in the future? correct answers Manufacturing will grow but it will look different
than it did over the past 20 years
