SCMN 2150 Exam 3 – Final Exam
Questions and Answers
What are the Goals of Technology for SCM (why is it needed)? - -
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 chain managers? - -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)? - -
Supply chain planning 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 do supply chain execution applications do and what are some
examples? - -The applications that direct manufacturing operations, oversee
distribution processes like receiving and order fulfillment, and ship products
These tools facilitate the efficient use of resources to control supply chain
costs and achieve the quality and service requirements.
Examples:
Manufacturing Execution Systems (MES)
Order Management Systems (OMS)
Warehouse Management Systems (WMS)
Transportation Management Systems (TMS)
- What do supply chain event management systems do? - -These systems
are like watchdogs monitoring processes inside the four walls of a facility or
across the supply chain for unexpected events that are out of tolerance for
the plan—like the shortage of parts on an assembly line or the breakdown of
equipment in a DC. In case of an event, the system sends an alert to a
decision-maker by e-mail or text so immediate action can be taken.By
building in work flow rules, the system can offer suggestions that allow a
decision-maker to implement the best alternative in terms of cost, time and
customer service requirements.
- What do Business Intelligence Tools do? - -Business Intelligence (BI) tools
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? - -Business Analytics is 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
business and automate many back office functions related to technology,
services and human resources
Questions and Answers
What are the Goals of Technology for SCM (why is it needed)? - -
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 chain managers? - -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)? - -
Supply chain planning 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 do supply chain execution applications do and what are some
examples? - -The applications that direct manufacturing operations, oversee
distribution processes like receiving and order fulfillment, and ship products
These tools facilitate the efficient use of resources to control supply chain
costs and achieve the quality and service requirements.
Examples:
Manufacturing Execution Systems (MES)
Order Management Systems (OMS)
Warehouse Management Systems (WMS)
Transportation Management Systems (TMS)
- What do supply chain event management systems do? - -These systems
are like watchdogs monitoring processes inside the four walls of a facility or
across the supply chain for unexpected events that are out of tolerance for
the plan—like the shortage of parts on an assembly line or the breakdown of
equipment in a DC. In case of an event, the system sends an alert to a
decision-maker by e-mail or text so immediate action can be taken.By
building in work flow rules, the system can offer suggestions that allow a
decision-maker to implement the best alternative in terms of cost, time and
customer service requirements.
- What do Business Intelligence Tools do? - -Business Intelligence (BI) tools
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? - -Business Analytics is 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
business and automate many back office functions related to technology,
services and human resources
