QUESTION 1 The capability that results from a set of interconnected systems and

Question

QUESTION 1

The capability that results from a set of interconnected systems and processes that facilitates the decision-making process is known as

planning integration

information exchange integration

functional awareness

internal integration

QUESTION 2

Agile works best in

all markets

low volume/high variety environments

markets with low demand volatility

high volume/low variety environments

QUESTION 3

There are four different types of response flexibility. Which one represents how quickly and efficiently the supply chain can alter products and service features to the needs of particular customers?

Volume

New Product

Customization

Variety

QUESTION 4

An example of an industry that would benefit from being Agile would be

steel mills

the fashion industry

companies in industries that see low volatility in demand and a small variation in their product offerings.

the automotive industry

QUESTION 5

There are four different types of response flexibility. Which one represents how quickly the supply chain can change output levels without significant cost in time, effort, or performance?

Customization

Variety

Volume

New Product

QUESTION 6

POS data can give a company visibility on

the market

customers

suppliers

all of the above

QUESTION 7

The increased volatility of customer demand is leading companies to

run leaner

increase economies of scale

be more agile

cut back the number of product variants offered

QUESTION 8

Which of the below do companies believe Big Data can help them with?

Customer Relationship Management

Forecasting/Demand Management

Manufacturing

All of the above

QUESTION 9

When working on integrating data and IT, the process of prioritizing customer needs across functional teams is known as

planning integration

information exchange integration

internal integration

functional awareness

QUESTION 10

To be Lean means

to decrease economies of scale

to reduce or eliminate waste from the system

to be able to move quickly without significant penalty

to do the same things as Agile but modified just a bit

QUESTION 11

Lean works best in

low volume/high variety environments

all markets

high volume/low variety environments

markets with high demand volatility

QUESTION 12

There are four different types of response flexibility. Which one represents how quickly and efficiently the supply chain can get a new product to market?

Volume

New Product

Customization

Variety

QUESTION 13

Sense refers to the ability to

see changes in the market place before it's too late

understand shortcomings in the supply chain

tell when a bottleneck is about to form in production

predict service failures

QUESTION 14

An example of an industry that would benefit from being Lean would be

software manufacturers

the automotive industry

companies in industries that see high volativlity in demand and a large variation in their product offerings

the fashion industry

QUESTION 15

Respond refers to the ability to

see changes in market demand before it happens

quickly adjust the supply chain to meet the changing demands of the market

instantly quote prices to potential customers

reply quickly to customer questions

planning integration

information exchange integration

functional awareness

internal integration

Explanation / Answer

internal integration

internal integration supports the decsion making process.

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low volume/high variety environments

agile methodology is used when the demand is volatile and there is high variety in the environments.

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3 customization- by this companies change the products according to the needs of the custoomer

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4 companies in industries that see low volatility in demand and a small variation in their product offerings.

since we know agile is used for volatile demand.

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5

Volume- it is the range of the output levels a company can produce.

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