THOMAS QUESTIONS AND
ANSWERS 100% CORRECT
Cloud computing - ANSWER--the result of combining internet, web browsers, server
virtualization, and open source software.
3 characteristics of cloud computing - ANSWER-1. practically unlimited computing
resources
2. no long-term commitments
3. Pay-as-you-go cost structure
Data Transmission - ANSWER-first used Electronic data interchange (EDI) to
transmit common type of data between companies. Now uses extensible markup
language (XML) to transmit flexible data between computers and people.
real-time updating - ANSWER-database transactions that are recorded as soon as
they happen
batch updating - ANSWER-database transactions that are recorded on a periodic
basis
application systems - ANSWER-created by processing logic to to manipulate and
display data with technology required to capture, communicate, store, and retrieve
that data
ERP - ANSWER-(Enterprise Resource Planning) gather data from multiple functions
in a company. monitor orders, production schedules, raw material purchases,
inventory.
- carryout and monitor daily transactions
-lack analytical capabilities.
CRM - ANSWER-(customer relationship management) automate many tasks relating
servicing existing customers. Track buying patterns. Consolidate customer related
data.
WMS - ANSWER-(Warehouse Management System) efficiently run the ongoing
operations of warehouse. Support activities needed to pick, pack, and ship products
to fill customer orders.
New technologies - ANSWER-1. industrial robots
2. drones and driverless vehicles
3. artificial intelligence
4. internet of things and big data
5. Real-time product information
6. 3D printing and additive manufacturing
, 7. Simulation modeling
4 dimensions of impact of e-buisness on supply chain integration - ANSWER-1.
information integration
2. Planning synchronization
3. Workflow coordination
4. New business models
information integration - ANSWER-is the ability to share relevant information and
data in real time among companies in a supply chain.
planning synchronization - ANSWER-the joint participation of companies in a supply
chain in demand forecasting and inventory replenishment.
smart factory - ANSWER-factories with fully digitized production processes and IoT
sensors that communicate data with AI to create models for optimization. The
workers use the info to make tactical and strategic actions to optimize throughput.
Predictive maintenance, detect anomalies.
simulations - ANSWER-A tool used to build mathematical model of current sites to
test the site and find problems in capacity, inventory, safety stock. Used for tactical
planning (1 month to 1 year) and operations planning. It find new ways to tailor the
supply chain to business strategy.
big data learning feedback loop - ANSWER-A supply chain strategy created by
Microsoft that uses big data and machine learning to transform their supply chain to
more analytics. Innovation = evolution through Rapid iteration
-Plan, build, run
the 4 market types - ANSWER-important to understand which market the supply
chain serves and the supply and demand. identifying the market allows us to identify
the requirements and opportunities.
(developing, growth, steady, mature)
developing - ANSWER-Relatively low supply and demand is low and uncertain.
created by technology or social or economic trends. Partnering with other players in
the supply chains brings opportunities.
Performance requirements
-customer service
-product development
growth - ANSWER-Demand is higher than the supply, which is often uncertain. If the
market takes off there can be a surge of demand and the supply can't keep up.
-customer service
BTO - ANSWER-customized products order by customer.
-quoted customer response time and on-time completion rate
-on-time delivery rate
- value of late orders and number of late orders