UARK SCMT 2103 EXAM 2|| 115
QUESTIONS AND ANSWERS 100%
VERIFIED
Which are important customer-level information types? - ANSWER-All of the above
Point of sale
Forecasts
Inventory levels
Promotional plans
Data that is captured at retail checkout is referred to as __________________ data.
- ANSWER-point-of-sale
Advanced shipment notices (ASNs) is a ___________-level information type. -
ANSWER-supplier
How specific is point-of-sale data? - ANSWER-SKU-time-location specific
Which are fundamental characteristics of firms with high internal integration? -
ANSWER-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? - ANSWER-Clear business case for using the data
For a data scientist to be more effective, he or she should have ________________.
- ANSWER-Broad analytical skills and high domain knowledge
Which is a new way to accomplish business process re-engineering? - ANSWER-
Using big data and predictive analytics
Which type of flexibility refers to the ability to manage transitions in production and
delivery across heterogeneous products? - ANSWER-Variety flexibility
Which company is most likely to be historically considered to be a lean company? -
ANSWER-Walmart
Which type of flexibility refers to taking core products and making changes to them?
- ANSWER-Customization flexibility
Which is a key outcome of an agile strategy? - ANSWER-Satisfied customers
, The increasing volatility shown by the Supply Chain Volatility index indicates which
strategy will become increasingly important? - ANSWER-Agile
Which supply chain strategy works best in high volume, low variety and predictable
environments? - ANSWER-Lean
Which company was an early pioneer in customization flexibility of personal
computers? - ANSWER-Dell
The maker movement will ____________ the speed to markets of new products. -
ANSWER-Increase
The emergence of omnichannel retailing makes the need for which type of flexibility
particularly important? - ANSWER-Variety
The ability to vary production dramatically is _________________ flexibility. -
ANSWER-Volume
Which of the following about the future of data is most likely true? - ANSWER-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? - ANSWER-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? - ANSWER-200 times
A bottleneck is the ______________ part of a process. - ANSWER-Slowest
Which type of inventory is the amount of inventory that is expected to sell during a
replenishment period? - ANSWER-Cycle stock
Which type of inventory allows a company to take advantage of transportation
utilization? - ANSWER-Cycle stock
Which type of inventory is used as a buffer against uncertainty in demand and lead
time? - ANSWER-Safety stock
Which of the following is/are a form of inventory? - ANSWER-Raw materials
Work-in-process
Finished goods
Which form of inventory is the most expensive to hold? - ANSWER-Finished goods
QUESTIONS AND ANSWERS 100%
VERIFIED
Which are important customer-level information types? - ANSWER-All of the above
Point of sale
Forecasts
Inventory levels
Promotional plans
Data that is captured at retail checkout is referred to as __________________ data.
- ANSWER-point-of-sale
Advanced shipment notices (ASNs) is a ___________-level information type. -
ANSWER-supplier
How specific is point-of-sale data? - ANSWER-SKU-time-location specific
Which are fundamental characteristics of firms with high internal integration? -
ANSWER-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? - ANSWER-Clear business case for using the data
For a data scientist to be more effective, he or she should have ________________.
- ANSWER-Broad analytical skills and high domain knowledge
Which is a new way to accomplish business process re-engineering? - ANSWER-
Using big data and predictive analytics
Which type of flexibility refers to the ability to manage transitions in production and
delivery across heterogeneous products? - ANSWER-Variety flexibility
Which company is most likely to be historically considered to be a lean company? -
ANSWER-Walmart
Which type of flexibility refers to taking core products and making changes to them?
- ANSWER-Customization flexibility
Which is a key outcome of an agile strategy? - ANSWER-Satisfied customers
, The increasing volatility shown by the Supply Chain Volatility index indicates which
strategy will become increasingly important? - ANSWER-Agile
Which supply chain strategy works best in high volume, low variety and predictable
environments? - ANSWER-Lean
Which company was an early pioneer in customization flexibility of personal
computers? - ANSWER-Dell
The maker movement will ____________ the speed to markets of new products. -
ANSWER-Increase
The emergence of omnichannel retailing makes the need for which type of flexibility
particularly important? - ANSWER-Variety
The ability to vary production dramatically is _________________ flexibility. -
ANSWER-Volume
Which of the following about the future of data is most likely true? - ANSWER-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? - ANSWER-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? - ANSWER-200 times
A bottleneck is the ______________ part of a process. - ANSWER-Slowest
Which type of inventory is the amount of inventory that is expected to sell during a
replenishment period? - ANSWER-Cycle stock
Which type of inventory allows a company to take advantage of transportation
utilization? - ANSWER-Cycle stock
Which type of inventory is used as a buffer against uncertainty in demand and lead
time? - ANSWER-Safety stock
Which of the following is/are a form of inventory? - ANSWER-Raw materials
Work-in-process
Finished goods
Which form of inventory is the most expensive to hold? - ANSWER-Finished goods
