SCMN 2150 Exam 3 Barto Questions & Answers

SCMN 2150 Exam 3 Barto Questions & Answers what are the key supply chain data requirements - ANS-1. Accurate 2. Accessible 3. Relevant 4. Timely 5. Transferable 6. Reliable 7. Usable what are the goals of supply chain planning - ANS-solutions support the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand. SCP software sits on top of a transactional system to provide planning, what-if scenario analysis capabilities and real-time demand commitments, considering constraints. what are the benefits of supply chain information technology - ANS-Has a positive impact on organizational performance. Benefits: 1. Cross chain visibility 2. Speed up process 3. Allows agility (adapt and change) 4. Collaboration (internal or external data pools) 5. Differentiation 6. Risk management what are the capabilities of supply chain planning - ANS-1. Configure - support a company's efforts designing their supply chains, accounting for future alternative operating models/ trade-offs between different configuration. 2. Optimize - creation and evaluation of optimal plans within the context of the company's current operating model. 3. Respond - support ability to profitably respond to changes in any aspect of execution in a near-realtime manner. what are the major categories of supply chain software - ANS-1. Supply Chain Planning 2. Supply Chain Execution 3. Event Management & Visibility 4. Business Intelligence 5. Facilitating tools what is business intelligence - ANS-Extract key data across the supply chain and provide to decision makers standard and ad hoc reporting, dashboards, alerts, queries. structured data, traditional sources, manageable data sets. What happened last quarter, how many did we sell, wheres the problem what is predictive analytics - ANS-optimization, predictive modeling, forecasting, statistical analysis. structured/unstructured data, internal/external data, massive data sets what if, whats the optimal scenario for our business, what will happen next, what if these trends continue, why is this happening... CONTINUES...