Robert Straw SCMN 2150 Final
Exam |50 Complete Q’s and A’s
What are the Goals of Technology for SCM (why is it needed) - -Optimization
Cross-chain visibility
Speed to Market
Agility
Collaboration
Adaptivity
Differentiation
Risk Management
It is needed to have supply chain excellence
- Optimization - -Peak performance of a supply chain requires alignment of
resources within and across organizations
- Cross Chain Visibility - -visibility to events occurring across the supply
chain is a pre-requisite for effective decision making
- speed-to-market - -Properly implemented technologies capture customer
requirements, prioritize them, and recommend alternatives to ensure
product velocity aligns with customer needs
- Agility - -Decision support tools provide the ability to model volatility
scenarios. This helps the company sense and respond to changing market
conditions
- Collaboration - -Access to a common data pools supports collaboration on
strategies, processes, and exception response...linking geographically
dispersed supply chains to achieve seamless information sharing
- Adaptability - -Managers must alter the design and capabilities of a supply
chain to meet evolving market conditions
- Differentiation - -Technology can help an organization align demand and
supply to optimize profit, understand the cost to serve customers and
prioritize service execution.
- Risk Management - -Companies use predictive analytics and risk
management technologies to understand and minimize threats
- What are the characteristics of high-quality data that ensure its useful to
supply chainmanagers? - -Accurate - data must be correct and depict reality
, Accessible - data must be readily available for decision making purposes
Relevant - data must contain pertinent details and support analysis
Timely - data must be current
Transferable - data must be portable and readable by multiple systems
Reliable - the data must come from credible sources and be unaltered
Usable - the data must support stronger decision making
- What does supply chain planning software do (multiple definitions)? - --
Strategic network design
- Capacity planning
- Demand planning & forecasting
- Procurement planning
- Production planning & scheduling
- Distribution planning
- What do supply chain execution applications do and what are some
examples? - -These tools facilitate the efficient use of resources to control
supply chain costs and achieve the quality and service requirements.
Examples:
- Warehouse management systems (WMS)
- Transportation management systems (TMS)
- Manufacturing execution systems (MES)
- Global trade management tools (GTM)
- Distributed order management tools (OM)
- What do supply chain event management systems do - -- Provide visibility
of critical flows and help provide early warning signals of deviations from
plans
- Triggers corrective actions or recovery recommendations based on
predefined work-flow rules
- Help decision-makers implement the best alternative in terms of cost, time,
and customer service requirements.
- What do Business Intelligence Tools do? - -extract data from execution
systems across the supply chain and provide summaries and data
visualization that enable timely identification of anomalies, opportunities and
solutions
- What is Business Analytics? - -the combination of skills, technologies,
applications and processes used by organizations to gain insight in to their
business based on data and statistics to drive business planning.
- What does ERP stand for and what does it do? - -Enterprise Resource
Planning - business process management software that allows an
organization to use a system of integrated applications to manage the
Exam |50 Complete Q’s and A’s
What are the Goals of Technology for SCM (why is it needed) - -Optimization
Cross-chain visibility
Speed to Market
Agility
Collaboration
Adaptivity
Differentiation
Risk Management
It is needed to have supply chain excellence
- Optimization - -Peak performance of a supply chain requires alignment of
resources within and across organizations
- Cross Chain Visibility - -visibility to events occurring across the supply
chain is a pre-requisite for effective decision making
- speed-to-market - -Properly implemented technologies capture customer
requirements, prioritize them, and recommend alternatives to ensure
product velocity aligns with customer needs
- Agility - -Decision support tools provide the ability to model volatility
scenarios. This helps the company sense and respond to changing market
conditions
- Collaboration - -Access to a common data pools supports collaboration on
strategies, processes, and exception response...linking geographically
dispersed supply chains to achieve seamless information sharing
- Adaptability - -Managers must alter the design and capabilities of a supply
chain to meet evolving market conditions
- Differentiation - -Technology can help an organization align demand and
supply to optimize profit, understand the cost to serve customers and
prioritize service execution.
- Risk Management - -Companies use predictive analytics and risk
management technologies to understand and minimize threats
- What are the characteristics of high-quality data that ensure its useful to
supply chainmanagers? - -Accurate - data must be correct and depict reality
, Accessible - data must be readily available for decision making purposes
Relevant - data must contain pertinent details and support analysis
Timely - data must be current
Transferable - data must be portable and readable by multiple systems
Reliable - the data must come from credible sources and be unaltered
Usable - the data must support stronger decision making
- What does supply chain planning software do (multiple definitions)? - --
Strategic network design
- Capacity planning
- Demand planning & forecasting
- Procurement planning
- Production planning & scheduling
- Distribution planning
- What do supply chain execution applications do and what are some
examples? - -These tools facilitate the efficient use of resources to control
supply chain costs and achieve the quality and service requirements.
Examples:
- Warehouse management systems (WMS)
- Transportation management systems (TMS)
- Manufacturing execution systems (MES)
- Global trade management tools (GTM)
- Distributed order management tools (OM)
- What do supply chain event management systems do - -- Provide visibility
of critical flows and help provide early warning signals of deviations from
plans
- Triggers corrective actions or recovery recommendations based on
predefined work-flow rules
- Help decision-makers implement the best alternative in terms of cost, time,
and customer service requirements.
- What do Business Intelligence Tools do? - -extract data from execution
systems across the supply chain and provide summaries and data
visualization that enable timely identification of anomalies, opportunities and
solutions
- What is Business Analytics? - -the combination of skills, technologies,
applications and processes used by organizations to gain insight in to their
business based on data and statistics to drive business planning.
- What does ERP stand for and what does it do? - -Enterprise Resource
Planning - business process management software that allows an
organization to use a system of integrated applications to manage the
