UARK SCMT 2103 Exam 2
Which are important customer-level information types?
All of the above
Point of sale
Forecasts
Inventory levels
Promotional plans
Data that is captured at retail checkout is referred to as __________________ data.
point-of-sale
Advanced shipment notices (ASNs) is a ___________-level information type.
supplier
How specific is point-of-sale data?
SKU-time-location specific
Which are fundamental characteristics of firms with high internal integration?
They integrate planning activities.
They facilitate information exchange across functional areas.
They ensure functional awareness.
Which organizational factors are needed to leverage supply chain visibility and big data?
Clear business case for using the data
For a data scientist to be more effective, he or she should have ________________.
Broad analytical skills and high domain knowledge
Which is a new way to accomplish business process re-engineering?
Using big data and predictive analytics
Which type of flexibility refers to the ability to manage transitions in production and delivery
across heterogeneous products?
Variety flexibility
Which company is most likely to be historically considered to be a lean company?
Walmart
Which type of flexibility refers to taking core products and making changes to them?
Customization flexibility
Which is a key outcome of an agile strategy?
Satisfied customers
The increasing volatility shown by the Supply Chain Volatility index indicates which strategy
will become increasingly important?
Agile
Which supply chain strategy works best in high volume, low variety and predictable
environments?
Lean
Which company was an early pioneer in customization flexibility of personal computers?
Dell
, The maker movement will ____________ the speed to markets of new products.
Increase
The emergence of omnichannel retailing makes the need for which type of flexibility particularly
important?
Variety
The ability to vary production dramatically is _________________ flexibility.
Volume
Which of the following about the future of data is most likely true?
Both the digital universe and the amount of tagged data will increase over the next five years.
Big data is " bigger" because of which factor?
All of the above
More volume
More variety
More velocity
The number of devices connected to the internet is how many times greater than one year ago?
200 times
A bottleneck is the ______________ part of a process.
Slowest
Which type of inventory is the amount of inventory that is expected to sell during a
replenishment period?
Cycle stock
Which type of inventory allows a company to take advantage of transportation utilization?
Cycle stock
Which type of inventory is used as a buffer against uncertainty in demand and lead time?
Safety stock
Which of the following is/are a form of inventory?
Raw materials
Work-in-process
Finished goods
Which form of inventory is the most expensive to hold?
Finished goods
Which form of inventory is being transformed into a final product?
Work-in-process
Which type of inventory is in a transportation unit?
In-transit inventory
Which type of inventory is the amount of the expected amount of inventory on-hand when the
next replenishment arrives?
Safety stock
Which is a clear sign of a bottleneck in a manufacturing process?
Work-in-process inventory is building behind.
For which type of product is a shipper likely to be least concerned about transportation?
Product with low carrying cost
Which are important customer-level information types?
All of the above
Point of sale
Forecasts
Inventory levels
Promotional plans
Data that is captured at retail checkout is referred to as __________________ data.
point-of-sale
Advanced shipment notices (ASNs) is a ___________-level information type.
supplier
How specific is point-of-sale data?
SKU-time-location specific
Which are fundamental characteristics of firms with high internal integration?
They integrate planning activities.
They facilitate information exchange across functional areas.
They ensure functional awareness.
Which organizational factors are needed to leverage supply chain visibility and big data?
Clear business case for using the data
For a data scientist to be more effective, he or she should have ________________.
Broad analytical skills and high domain knowledge
Which is a new way to accomplish business process re-engineering?
Using big data and predictive analytics
Which type of flexibility refers to the ability to manage transitions in production and delivery
across heterogeneous products?
Variety flexibility
Which company is most likely to be historically considered to be a lean company?
Walmart
Which type of flexibility refers to taking core products and making changes to them?
Customization flexibility
Which is a key outcome of an agile strategy?
Satisfied customers
The increasing volatility shown by the Supply Chain Volatility index indicates which strategy
will become increasingly important?
Agile
Which supply chain strategy works best in high volume, low variety and predictable
environments?
Lean
Which company was an early pioneer in customization flexibility of personal computers?
Dell
, The maker movement will ____________ the speed to markets of new products.
Increase
The emergence of omnichannel retailing makes the need for which type of flexibility particularly
important?
Variety
The ability to vary production dramatically is _________________ flexibility.
Volume
Which of the following about the future of data is most likely true?
Both the digital universe and the amount of tagged data will increase over the next five years.
Big data is " bigger" because of which factor?
All of the above
More volume
More variety
More velocity
The number of devices connected to the internet is how many times greater than one year ago?
200 times
A bottleneck is the ______________ part of a process.
Slowest
Which type of inventory is the amount of inventory that is expected to sell during a
replenishment period?
Cycle stock
Which type of inventory allows a company to take advantage of transportation utilization?
Cycle stock
Which type of inventory is used as a buffer against uncertainty in demand and lead time?
Safety stock
Which of the following is/are a form of inventory?
Raw materials
Work-in-process
Finished goods
Which form of inventory is the most expensive to hold?
Finished goods
Which form of inventory is being transformed into a final product?
Work-in-process
Which type of inventory is in a transportation unit?
In-transit inventory
Which type of inventory is the amount of the expected amount of inventory on-hand when the
next replenishment arrives?
Safety stock
Which is a clear sign of a bottleneck in a manufacturing process?
Work-in-process inventory is building behind.
For which type of product is a shipper likely to be least concerned about transportation?
Product with low carrying cost
