4390 SCM Midterm Quiz 1 & 2

What will be the new technology evolution in Supply Chain world?

INDUSTRY 5.0

1. Dell company falls under which category:

a. Stable Demand, Volatile Supply

. Configuration and downstream should be considered under

. Agile Supply Chain

Supply and demand stability is the main feature of?

. Continuous Supply Chain

. The main purpose behind article 3 is?

. Linking strategy and supply chain

. In the TFC simulation, Fressie orange PET has _____ number per pallet layer.

288

1. Which of the following helped H&M, Mango and ZARA to become Europe's most profitable apparel brand?

AGILITY

Which of the following tools helps in improving decision making (select the correct options)

Artificial Intelligence Machine Learning

Visibility helps in achieving the following: - (select the correct options

B.Capture new market c. Customer satisfaction d. Transformation

How can full traceability across value chain from farm to factory, to transportation and distribution to final delivery be traced?

BLOCKCHAIN

During demand variability customer move to opportunistic approach by looking for product with:

Best price

Supply Chain decisions affect company structure in terms of: (select the correct options)

Centralization Employee autonomy

What is affecting warehouse getting jampacked and demands for new approach in supply chain by organization? (select the correct options)

E-commerce . Omnichannel Fulfillment

"One supply chain fits all." Is this statement correct?

FALSE

. Lack of alignment causes failure of supply chain practices

FALSE

5. Agile supply chains are those that do not react quickly to changes, delays, and unexpected events to meet customer expectations, outpace the competition and drive growth

FALSE

Demand variation or demand profile, does not influence the stability and consistency of manufacturing assets.

FALSE

In the TFC simulation, a contract index of 0.95 means that you will pay a premium of 5% over and above the basic price.

FALSE

. In the TFC simulation, packaging is delivered in which trade unit?

PALLET

. A new product fits into which of the category

Product Leadership

Developing and application of new ideas fall into which of the below category

Product Leadership

. Diffusion of best practices should not be limited from the private to public sector.

TRUE

. Gross Margin is the difference between revenue and cost of good.

TRUE

. In the TFC simulation, purchase value includes price of components including transport costs.

TRUE

. Longer supply chains are vulnerable to disruption by external shocks

TRUE

. SMED stands for, "Single minute exchange of die"

TRUE

. Sourcing with distant suppliers may become the exception rather than a rule in the future.

TRUE

. Stocks that are not delivered within its shelf life are called Obsolete.

TRUE

. Supply Chains need to be able to quickly detect, respond to, and recover from changed conditions

TRUE

1. Companies that adapt supply chains when they modify strategies often succeed in launching new products or breaking into new markets.

TRUE

1. Efficient supply chains often become uncompetitive because they don't adapt to changes in the structures of markets.

TRUE

1. Is Supply chain talent critical to support ongoing industry advances, solutions and frameworks?

TRUE

Commercial supply chains must learn from military logistics how to best deliver vaccines in the event of a future pandemic

TRUE

Customers can program the company's integrated circuits via the Internet for different applications after purchasing the basic product.

TRUE

Digital assistants and connected household device help customer place order, track orders, and coordinate returns from any location.

TRUE

Indirect expenses are counted as overhead cost.

TRUE

New information and manufacturing technologies provide great potential for improving resiliency and productivity in response to real-time demand analysis.

TRUE

Successful digitizing supply chain requires large scale sensor implementation.

TRUE

The increase in customer expectations is driving the development of the business-to-business(B2B) e-commerce market?

TRUE

Wearable devices transmit data indicating customer usage, location, and frequency.

TRUE

When is minimum order size policy of full truck load recommended?

Transportation cost is high

1. Within the industry framework, there are four main drivers affecting supply chain design, please identify all incorrect choices below.

Transportation time

Standardizing of raw material and limiting variety reduces sourcing complexity

True

. In the TFC simulation, what is the capacity of a tank truck?

a. 30,000 litres

. BRI has attracted criticism for lacking (select correct options

a. Accountability b. Transparency

Rather than low cost, which concept is advocated as a core competency for manufacturers in the article "Outlook 2022: Overcoming supply chain Bottlenecks

a. Agility

1. Seven-Eleven Japan (SEJ) is an example of a company that builds its supply chain on, _____ stays ahead of its rivals, please identify the correct choice below.

a. Agility b. Adaptability c. Alignment d. All options are correct

To achieve sustainable competitive advantage, supply chain needs the following

a. Agility b. Adaptability c. Alignment d. All the above

1. Which two trends are foundational to integrating people, processes and systems in a wide array of operational environments? select the correct options)

a. Artificial intelligence b. Machine Learning

Agility is founded on

a. Capable processes b. strong culture of teamwork and collaboration c. High involvement problem solving d. bottom up decision making e. All options are correct

1. Which organizational structure is best suited for "Operational Excellence"?

a. Centralization

For reshaping the supply chain around customer needs, which of the following are important factors? (select correct options

a. Company's operating model b. Infrastructure c. Digital ecosystem

. Within Industry Framework, which of the following drivers does not affect the supply chain design?

a. Demand variation b. Relevance of the cost of assets c. Market meditation costs d. Product lifecycle e. None of the options are correct

1. Key strategies to keep a supply chain resilient include? (select the correct option)

a. Diversification of suppliers, production capabilities b. Nontraditional partnerships c. Diversification of transportation processes d. Finding alternative materials e. All options are correct

On what companies rely on entirely to fulfil demand from segments that cannot be handled effectively on its own?

a. Ecosystem Partners

1. Product leadership is best displayed by which supply chains? (Select correct options)

a. Fast, continuous portfolio renewal b. Long development, rapid deployment

Which type of product with long life cycles and relatively small demand variability require cost efficient supply chain that can be offshored.

a. Functional Product

Companies bringing up new products and services into the market and continually attracting the customer is which characteristics

a. Innovative

Ikea, Amazon, Walmart, etc. supply chains are __________ dominant

a. Logistics & procurement

Which of the following Digital Technology platforms help support a tailored supply chain?

a. Network Optimization b. Analytics c. Artificial Intelligence d. Machine learning e. All options are correct

Inbound order lines indicate?

a. Number of order lines received

Measure for the level of availability of finished product on the retailer shelf is referred to as?

a. On Shelf Availability

What are the type of flavours TFC offers

a. Orange b. Orange C-Power c. Orange/Mango d. All options are correct

Machine learning and artificial intelligence play a key role in providing (select correct options)

a. Personalized last mile delivery b. Direct- to consumer offering

Clock-speed refers to the speed of an industry at which it introduces new?

a. Processes and organizational structures b. Products c. Government and regulatory processes d. Manufacturing operations for repair and maintenance e. All options are correct

The way supply chains are managed strongly affects an organizations competitiveness in areas such as:

a. Product cost b. Working capital requirements c. Speed of market d. Service perception All options are correct

Real-time demand data can be used to determine transhipment decisions of?

a. Raw-material b. Work-in progress c. Finished Product All options are correct

Supply chain resilience refers to the ability of a given supply chain to? (select the incorrect option)

a. Recover slowly from its disruption state to a more desirable state

Which major factors affect ROI?

a. Revenue b. Cost c. Investments d. All options are correct

Companies align their partners' interests with their own is by redefining the terms of their relationships so that firms share which of the following

a. Risks b. Cost c. Rewards d. All the above

1. Companies can align their partners interests with their own by redefining the terms of their relationships so that firms can share, please identify all correct choices below.

a. Risks b. Costs c. Rewards equitably d. All options are correct

Management should focus on promoting continuous renewal which is supported by three main capabilities: (select the correct options)

a. Short time from idea to market b. End-to-end efficiency to ensure affordable costs for customers c. Maximum levels of forecast accuracy in order to reduce market mediation cost

. Internal processes, provides an orientation that ensure a proper connection and combination within the supply chain activities that fall under the categories of

a. Source, make and deliver

Building an adaptable supply chain requires the following key components (select the correct options)

a. Spot new trends d. Capability to change supply networks

The ability of supply chain to detect, respond and recover from changed condition refers to________

a. Supply Chain Resilience

Complete the sentence, "Greater the length of a supply chain, _________________".

a. The higher the risk of supply chain disruption

. Supply chain mapping provides visibility of ______

a. The supplier's supplier

Four key characteristics that make up a customer-centric supply chain? (select correct options)

a. Trustworthy relations b. Agile Operations c. Focus on innovation d. Tailored Fulfillment

1. According to the article "10 Supply Chain Trends to Watch for in 2022", digital supply chains will continue to be essential elements of which of the following trends? (select the correct options)

a. Visibility b. Resilience c. Agility