SCMT 2103 KENT EXAM 2 UARK
QUESTIONS AND ANSWERS
Which supply chain strategy is needed in less predictable environments? - Correct
Answers -Agile
Which type of flexibility refers to the ability to scale output up and down without
significant penalty? - Correct Answers -Volume Flexibility
The increasing volatility shown by the Supply Chain Volatility index indicates which
strategy will become increasingly important? - Correct Answers -Agile
Which is a key outcome of a lean strategy? - Correct Answers -Reduced waste
Which supply chain strategy works best in high volume, low variety and predictable
environments? - Correct Answers -Lean
The emergence of omnichannel retailing makes the need for which type of flexibility
particularly important? - Correct Answers -Variety
As products move through their lifecycles more quickly, which type of flexibility becomes
more important? - Correct Answers -New Product
The maker movement will ____________ the speed to markets of new products. -
Correct Answers -Increase
The ability to vary production dramatically is _________________ flexibility. - Correct
Answers -Volume
In the past two years, what percentage of all recorded data has been recorded? -
Correct Answers -90%
The number of devices connected to the internet is how many times greater than one
year ago? - Correct Answers -200 times
Which organizational factors are needed to leverage supply chain visibility and big
data? - Correct Answers -Clear business case for using the data
Which are fundamental characteristics of firms with high internal integration? - Correct
Answers -They integrate planning activities.
They ensure functional awareness.
, They facilitate information exchange across functional areas
Which is a new way to accomplish business process re-engineering? - Correct Answers
-Using big data and predictive analysis
For a data scientist to be most effective, he or she should have
_________________________. - Correct Answers -Broad analytical skills and high
domain knowledge
Data that is captured at retail checkout is referred to as __________________ data. -
Correct Answers -Point-Of-Scale
How specific is point-of-sale data? - Correct Answers -SKU-time-location specific
Which companies collaboratively pioneered the sharing of POS data? - Correct
Answers -Walmart and P&G
Syndicated data purchased from AC Nielsen is an example of
_______________________. - Correct Answers -Market-level demand information
Big data is " bigger" because of which factor? - Correct Answers -More Volume
More Variety
More Velocity
Which type of inventory is the amount of the expected amount of inventory on-hand
when the next replenishment arrives? - Correct Answers -Safety Stock
Which type of inventory is the amount of inventory that is expected to sell during a
replenishment period? - Correct Answers -Cycle Stock
A bottleneck is the ______________ part of a process. - Correct Answers -Slowest
Which form of inventory is the most expensive to hold? - Correct Answers -Finished
goods
Which type of inventory is in a transportation unit? - Correct Answers -In-transit
inventory
Which is a clear sign of a bottleneck in a manufacturing process? - Correct Answers -
Work-in-process inventory is building behind
Which type of inventory is used as a buffer against uncertainty in demand and lead
time? - Correct Answers -Safety stock
Safety stock increases which aspect of a continuous review policy? - Correct Answers -
Reorder point
QUESTIONS AND ANSWERS
Which supply chain strategy is needed in less predictable environments? - Correct
Answers -Agile
Which type of flexibility refers to the ability to scale output up and down without
significant penalty? - Correct Answers -Volume Flexibility
The increasing volatility shown by the Supply Chain Volatility index indicates which
strategy will become increasingly important? - Correct Answers -Agile
Which is a key outcome of a lean strategy? - Correct Answers -Reduced waste
Which supply chain strategy works best in high volume, low variety and predictable
environments? - Correct Answers -Lean
The emergence of omnichannel retailing makes the need for which type of flexibility
particularly important? - Correct Answers -Variety
As products move through their lifecycles more quickly, which type of flexibility becomes
more important? - Correct Answers -New Product
The maker movement will ____________ the speed to markets of new products. -
Correct Answers -Increase
The ability to vary production dramatically is _________________ flexibility. - Correct
Answers -Volume
In the past two years, what percentage of all recorded data has been recorded? -
Correct Answers -90%
The number of devices connected to the internet is how many times greater than one
year ago? - Correct Answers -200 times
Which organizational factors are needed to leverage supply chain visibility and big
data? - Correct Answers -Clear business case for using the data
Which are fundamental characteristics of firms with high internal integration? - Correct
Answers -They integrate planning activities.
They ensure functional awareness.
, They facilitate information exchange across functional areas
Which is a new way to accomplish business process re-engineering? - Correct Answers
-Using big data and predictive analysis
For a data scientist to be most effective, he or she should have
_________________________. - Correct Answers -Broad analytical skills and high
domain knowledge
Data that is captured at retail checkout is referred to as __________________ data. -
Correct Answers -Point-Of-Scale
How specific is point-of-sale data? - Correct Answers -SKU-time-location specific
Which companies collaboratively pioneered the sharing of POS data? - Correct
Answers -Walmart and P&G
Syndicated data purchased from AC Nielsen is an example of
_______________________. - Correct Answers -Market-level demand information
Big data is " bigger" because of which factor? - Correct Answers -More Volume
More Variety
More Velocity
Which type of inventory is the amount of the expected amount of inventory on-hand
when the next replenishment arrives? - Correct Answers -Safety Stock
Which type of inventory is the amount of inventory that is expected to sell during a
replenishment period? - Correct Answers -Cycle Stock
A bottleneck is the ______________ part of a process. - Correct Answers -Slowest
Which form of inventory is the most expensive to hold? - Correct Answers -Finished
goods
Which type of inventory is in a transportation unit? - Correct Answers -In-transit
inventory
Which is a clear sign of a bottleneck in a manufacturing process? - Correct Answers -
Work-in-process inventory is building behind
Which type of inventory is used as a buffer against uncertainty in demand and lead
time? - Correct Answers -Safety stock
Safety stock increases which aspect of a continuous review policy? - Correct Answers -
Reorder point
