SCMN 2150 Exam 3 - Robert Straw-
Graded A
Why are the Goals of Technology for SCM needed? - ANS-To plan, execute, and
control SCM activities in real time.
What are the Goals of Technology for SCM? - ANS-Optimization
Cross-chain visibility
Speed to market
Agility
Collaboration
Adaptability
Differentiation
Risk Management
Optimization - ANS-Peak performance of a supply chain requires alignment of
resources within and across organizations.
Cross-Chain Visibility - ANS-Visibility to events occurring across the supply chain is a
pre-requisite for effective decision making.
Speed to Market - ANS-properly implemented technologies capture customer
requirements, prioritize them, and recommend alternatives to ensure product velocity
aligns with customer needs
Agility - ANS-Decision support tools provide the ability to model volatility scenarios. This
helps the company sense and respond to changing market conditions.
Collaboration - ANS-Access to a common data pools supports collaboration on
strategies, processes, and exception response... linking geographically dispersed
supply chains to achieve seamless/smooth information sharing.
Adaptability - ANS-Managers must alter the design and capabilities of a supply chain to
meet evolving market conditions.
Differentiation - ANS-Technology can help an organization align demand and supply to
optimize profit, understand the cost to serve customers, and prioritize service execution.
Risk Management - ANS-Companies use predictive analytics and risk management
technologies to understand and minimize threats.
, Characteristics of High-Quality Data & Useful Supply Chain Information - ANS-Accurate
Accessible
Relevant
Timely
Transferable
Reliable
Usable
What does supply chain planning software do? - ANS-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? - ANS--
Supply chain execution applications 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? - ANS--Provides 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.
Business Intelligence (BI) Tools - ANS-Tools that extract data from execution systems
across the supply chain and provide summaries and data visualization that enable
timely identification of anomalies, opportunities and solutions.
Business Analytics - ANS-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? - ANS-Enterprise Resource Planning
(ERP)
- business process management software that allows an organization to use a system
of integrated applications to manage the business and automate many back-office
functions related to sales, finance, manufacturing, customers, supply chain, and human
resources.
Graded A
Why are the Goals of Technology for SCM needed? - ANS-To plan, execute, and
control SCM activities in real time.
What are the Goals of Technology for SCM? - ANS-Optimization
Cross-chain visibility
Speed to market
Agility
Collaboration
Adaptability
Differentiation
Risk Management
Optimization - ANS-Peak performance of a supply chain requires alignment of
resources within and across organizations.
Cross-Chain Visibility - ANS-Visibility to events occurring across the supply chain is a
pre-requisite for effective decision making.
Speed to Market - ANS-properly implemented technologies capture customer
requirements, prioritize them, and recommend alternatives to ensure product velocity
aligns with customer needs
Agility - ANS-Decision support tools provide the ability to model volatility scenarios. This
helps the company sense and respond to changing market conditions.
Collaboration - ANS-Access to a common data pools supports collaboration on
strategies, processes, and exception response... linking geographically dispersed
supply chains to achieve seamless/smooth information sharing.
Adaptability - ANS-Managers must alter the design and capabilities of a supply chain to
meet evolving market conditions.
Differentiation - ANS-Technology can help an organization align demand and supply to
optimize profit, understand the cost to serve customers, and prioritize service execution.
Risk Management - ANS-Companies use predictive analytics and risk management
technologies to understand and minimize threats.
, Characteristics of High-Quality Data & Useful Supply Chain Information - ANS-Accurate
Accessible
Relevant
Timely
Transferable
Reliable
Usable
What does supply chain planning software do? - ANS-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? - ANS--
Supply chain execution applications 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? - ANS--Provides 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.
Business Intelligence (BI) Tools - ANS-Tools that extract data from execution systems
across the supply chain and provide summaries and data visualization that enable
timely identification of anomalies, opportunities and solutions.
Business Analytics - ANS-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? - ANS-Enterprise Resource Planning
(ERP)
- business process management software that allows an organization to use a system
of integrated applications to manage the business and automate many back-office
functions related to sales, finance, manufacturing, customers, supply chain, and human
resources.
