SCMN 2150 EXAM 3 (ROBERT STRAW) TEST QUESTION WITH WELL DETAILED
SOLUTIONS
goals of technology
plan, execute, and control SCM activities in real time
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 in a pre-req 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
supply chain planning software
,strategic network design
capacity planning
demand planning and forecasting
procurement planning and scheduling
distribution planning
supply chain execution applications
Facilitate the efficient use of resources to control supply chain costs and achieve the
quality and service requirements
examples of supply chain execution applications
warehouse management systems
transportation management systems
manufacturing execution systems
global trade management tools
distributed order management tools
supply chain event management systems uses
visibility of critical flows and help provide early warning signals of deviations from plans
triggers corrective actions or recovery recommendations based on predefined work-flow
rules
help decision-makers implement the best alternative in terms of cost, time, and customer
service requirements
,business intelligence tools uses
extract data from execution systems across the SC and provide summaries and data
visualization that enable timely identification of anomalies, opportunities and solutions
business analytics
the combination of skills, technologies, applications and processes used by organizations
to gain inside into their business based on data and stats to drive business planning
Enterprise resource planning (ERP)
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
Cloud computing
emerging as a viable option for on demand access to SC software apps and data sharing.
Operates on a pay as you go structure and offers a consistent environment for deployment
improve operational efficiencies
according to gartner, what is the top expected benefit of becoming a digital business?
culture and legacy tech systems
, according to gartner, what are the top 2 roadblocks to making a company a digital
business?
global SCM
focuses on planning, implementing, and controlling the cross border flows of materials,
money and information between companies in different countries
reason global production has grown
access to lower wage rates, access to customers in emerging markets, reduction in
transport and communication costs, reduction in trade barriers
risks of global sourcing and outsourcing
long lead times
exchange rate fluctuations
potential theft or loss
lack of visibility
reasons for a company to consider off shoring or near shoring outsourced operations
increased global comp
pressure to reduce costs
become more competitive
become more innovative
SOLUTIONS
goals of technology
plan, execute, and control SCM activities in real time
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 in a pre-req 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
supply chain planning software
,strategic network design
capacity planning
demand planning and forecasting
procurement planning and scheduling
distribution planning
supply chain execution applications
Facilitate the efficient use of resources to control supply chain costs and achieve the
quality and service requirements
examples of supply chain execution applications
warehouse management systems
transportation management systems
manufacturing execution systems
global trade management tools
distributed order management tools
supply chain event management systems uses
visibility of critical flows and help provide early warning signals of deviations from plans
triggers corrective actions or recovery recommendations based on predefined work-flow
rules
help decision-makers implement the best alternative in terms of cost, time, and customer
service requirements
,business intelligence tools uses
extract data from execution systems across the SC and provide summaries and data
visualization that enable timely identification of anomalies, opportunities and solutions
business analytics
the combination of skills, technologies, applications and processes used by organizations
to gain inside into their business based on data and stats to drive business planning
Enterprise resource planning (ERP)
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
Cloud computing
emerging as a viable option for on demand access to SC software apps and data sharing.
Operates on a pay as you go structure and offers a consistent environment for deployment
improve operational efficiencies
according to gartner, what is the top expected benefit of becoming a digital business?
culture and legacy tech systems
, according to gartner, what are the top 2 roadblocks to making a company a digital
business?
global SCM
focuses on planning, implementing, and controlling the cross border flows of materials,
money and information between companies in different countries
reason global production has grown
access to lower wage rates, access to customers in emerging markets, reduction in
transport and communication costs, reduction in trade barriers
risks of global sourcing and outsourcing
long lead times
exchange rate fluctuations
potential theft or loss
lack of visibility
reasons for a company to consider off shoring or near shoring outsourced operations
increased global comp
pressure to reduce costs
become more competitive
become more innovative
