SCMN 2150- Final Exam Robert Straw
Questions and Correct Answers Rated
A+
What are the Goals of Technology for SCM (why is it needed) - Answer Optimization
Cross-chain visibility
Speed to Market
Agility
Collaboration
Adaptivity
Differentiation
Risk Management
It is needed to have supply chain excellence
Optimization - Answer Peak performance of a supply chain requires alignment of resources
within and across organizations
Cross Chain Visibility - Answer visibility to events occurring across the supply chain is a pre-
requisite for effective decision making
speed-to-market - Answer Properly implemented technologies capture customer
requirements, prioritize them, and recommend alternatives to ensure product velocity aligns
with customer needs
Agility - Answer Decision support tools provide the ability to model volatility scenarios. This
helps the company sense and respond to changing market conditions
Collaboration - Answer 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 - Answer Managers must alter the design and capabilities of a supply chain to
meet evolving market conditions
Differentiation - Answer Technology can help an organization align demand and supply to
optimize profit, understand the cost to serve customers and prioritize service execution.
, Risk Management - Answer 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? - Answer 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)? - Answer - 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? - Answer
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 - Answer - 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.
Questions and Correct Answers Rated
A+
What are the Goals of Technology for SCM (why is it needed) - Answer Optimization
Cross-chain visibility
Speed to Market
Agility
Collaboration
Adaptivity
Differentiation
Risk Management
It is needed to have supply chain excellence
Optimization - Answer Peak performance of a supply chain requires alignment of resources
within and across organizations
Cross Chain Visibility - Answer visibility to events occurring across the supply chain is a pre-
requisite for effective decision making
speed-to-market - Answer Properly implemented technologies capture customer
requirements, prioritize them, and recommend alternatives to ensure product velocity aligns
with customer needs
Agility - Answer Decision support tools provide the ability to model volatility scenarios. This
helps the company sense and respond to changing market conditions
Collaboration - Answer 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 - Answer Managers must alter the design and capabilities of a supply chain to
meet evolving market conditions
Differentiation - Answer Technology can help an organization align demand and supply to
optimize profit, understand the cost to serve customers and prioritize service execution.
, Risk Management - Answer 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? - Answer 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)? - Answer - 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? - Answer
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 - Answer - 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.
