chapter 14 + 15
Supply Chain software includes technologies that
All of these answers
Which of the following trends is the driving force in the growth of information technology in supply chain management?
All of these answers
Disruptive innovation refers to the belief that many emerging and developing markets (Brazil, India, China, and others) are driving innovation of simple, no-sense products and services that replicate more complex offerings available in the developed markets
False
Experts recognize three "mega" themes among the game-changing supply chain technologies on the horizon: mobility, digitization, and artificial intelligence.
False
IBM Watson is a prescriptive analytics system that can help to understand data, learn from it, and reason through it.
False
Nike uses active sensors in high-value merchandise that send out telemetry data, tracking the package's traveling speed and conditions. Applying analytics to this data has the potential to largely reduce supply chain reaction times to avoid delays in shipments.
False
Predictive analytics is the level that incorporates available data to answer questions such as what, where, and when certain supply chain activities, processes, or events are happening.
False
RFID tags are growing in popularity in retail stores as a means of tracking inventory and point-of-sale activities.
False
Reverse flows in logistics have decreased
False
SCIS software selection is relatively straightforward as the choices have been simplified.
False
Spreadsheets and database software no longer have a place in SCIS as newer tools have supplanted them.
False
Thanks to recent advantages in technology, there are many solutions available that will fix flawed supply chain processes and make effective use of even poor quality data.
False
Which one of the various stages of sophistication and robustness associated with supply chain analytics focuses on questions such as what is likely to happen, what are the likely trends, and what are the results if certain events occur?
Predictive
ERP systems:
Provide a single, unified solution that spans an enterprise.
Which of the following is not a part of the seven "rights" of logistics
Quality
Both reverse and closed-loop systems are important strategies that impact sustainability in a positive manner.
True
Central to an understanding of supply chain analytics is to recognize that one of the highest priorities at many organizations today is to take a giant leap from data to information, and then from information to understanding.
True
Event management systems monitor the supply chain for events that are problems or exceptions, such as a shortage of parts at a manufacturing location or the breakdown of a truck delivering an important order
True
Some SCM positions are evolving and taking on more importance. For example, the chief supply chain officer and other functional leaders are being required to act as strategists now more than ever.
True
The seven principles of supply chain management have stood the test of time very well
True
There are three principle supply chain information requirements that support effective decision-making. First, the information in a system must meet quality standards to support fact-based decision making. Second, the information must readily flow within and between organizations. Third, the information must support multiple types of supply chain decisions.
True
While reverse flows were traditionally thought to incur extra, non-value-added cost, they are now widely viewed as creating opportunities for sustainability and even added service to customers.
True
Now that Henderson Air, a manufacturer of heating and air conditioning units, has moved to a just-in-time production process, the firm expects its suppliers to provide inventory replenishment orders within 24 hours. This is an example of which quality that enables process excellence?
Velocity
The first principle of supply chain management is to segment customers based on profit
Conducive
Which one is not one of the four requirements for cognitive systems?
Conducive
Like many organizations, Acme Fasteners & Tools has purchased various components of its supply chain management system on at a time, bit by bit over the years. Some of these components communicate well among themselves, while other components have never been fully integrated into the system. Which of the following best describes this common issue in SCM?
Creating gaps in the technology system
A significant challenge in SCIS management is the integration of various applications created by different vendors, a problem that is exacerbated by the fact that these competing vendors refuse to address integration issues or to foster better synchronization
False
Although "omni-channel" supply chains have developed in response to a continually increasing range of customer needs and preferences, this concept has had relatively little effect on logistics and supply chain networks.
False
Companies have discovered that there are no revenue opportunities to offset the costs in sustainability practices
False
Companies with highly digitized supply chains and operations can expect efficiency gains of 6.2 percent annually, while boosting revenue by 4.9 percent a year
False
There are three principle supply chain information requirements that support effective decision-making. Which of the following is not one of the three?
Information must be in the form of real-time data
TransNational Shipping is preparing to invest more than $1 million in a new system that applies machine learning, AI, and analytics to create and automate rules for shipping, sourcing, and logistics. This is an example of which type of technology expected to emerge in the future.
Intelligent order management
A supply chain information (SCIS) allows managers to monitor supply chain conditions and respond quickly with corrective actions to avoid problem escalation
True
When supply chain partners have access to the same real-time information and use it to gain consistent insights and drive collaborative decisions, it is called:
synchronization
