SCMT 2103 EXAM 2 QUESTIONS AND ANSWERS
Big data is "bigger" because of which factor?
More volume
More variety
More velocity
All of the above - CORRECT ANSWER✅✅All of the above
The number of devices connected to the Internet is how many times greater than one year ago?
1 times
2 times
100 times
200 times - CORRECT ANSWER✅✅200 times
Customer sentiment is what type of data? - CORRECT ANSWER✅✅Structured
Which company is most likely to be historically considered a lean company? - CORRECT
ANSWER✅✅Walmart
Which is a key reason that companies need to develop more agile capabilities?
A. manufacturing technology is changing rapidly
B. Retail point of sale technology cost are decreasing
C. Interest rates are low
D. customer purchase patterns are changing - CORRECT ANSWER✅✅D. customer purchase patterns are
changing
Which type of flexibility refers to the ability to scale, output up and down without significant penalty?
A. customization flexibility
B. variety flexibility
C. volume flexibility
, D. new product flexibility - CORRECT ANSWER✅✅C. volume flexibility
The increasing volatility shown by the Supply Chain Volatility index indicates which strategy will become
increasingly important?
A Kanban
B agile
C lean
D just in time - CORRECT ANSWER✅✅B agile
Which is a key outcome of a lean strategy?
A increased transportation cost
B increased waste
C increase inventory cost
D reduced waste - CORRECT ANSWER✅✅D reduced waste
Which is a key part of sensing?
A responsiveness
B agility
C supply chain visibility
D sales - CORRECT ANSWER✅✅C. Supply chain visibility
Syndicated data purchased from AC. Nielson is an example of _____________.
A market level demand information
B market level supply information
C supplier level information
D customer level information - CORRECT ANSWER✅✅B Market level supply information
Data that is captured at retail checkout is referred to as ________ data.
A inventory levels
Big data is "bigger" because of which factor?
More volume
More variety
More velocity
All of the above - CORRECT ANSWER✅✅All of the above
The number of devices connected to the Internet is how many times greater than one year ago?
1 times
2 times
100 times
200 times - CORRECT ANSWER✅✅200 times
Customer sentiment is what type of data? - CORRECT ANSWER✅✅Structured
Which company is most likely to be historically considered a lean company? - CORRECT
ANSWER✅✅Walmart
Which is a key reason that companies need to develop more agile capabilities?
A. manufacturing technology is changing rapidly
B. Retail point of sale technology cost are decreasing
C. Interest rates are low
D. customer purchase patterns are changing - CORRECT ANSWER✅✅D. customer purchase patterns are
changing
Which type of flexibility refers to the ability to scale, output up and down without significant penalty?
A. customization flexibility
B. variety flexibility
C. volume flexibility
, D. new product flexibility - CORRECT ANSWER✅✅C. volume flexibility
The increasing volatility shown by the Supply Chain Volatility index indicates which strategy will become
increasingly important?
A Kanban
B agile
C lean
D just in time - CORRECT ANSWER✅✅B agile
Which is a key outcome of a lean strategy?
A increased transportation cost
B increased waste
C increase inventory cost
D reduced waste - CORRECT ANSWER✅✅D reduced waste
Which is a key part of sensing?
A responsiveness
B agility
C supply chain visibility
D sales - CORRECT ANSWER✅✅C. Supply chain visibility
Syndicated data purchased from AC. Nielson is an example of _____________.
A market level demand information
B market level supply information
C supplier level information
D customer level information - CORRECT ANSWER✅✅B Market level supply information
Data that is captured at retail checkout is referred to as ________ data.
A inventory levels
