QUESTION 6 POS data can give a company visibility on the market customers suppli

Question

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

the market

customers

suppliers

all of the above

Explanation / Answer

6 D All of the above

POS facilitates by provide the buying trends of customers, which product of which supplier is in demand etc.

7 C Be more Agile

Volatility in demand means customers has several of demand and it is increasing hence th companies has to be quick in their offerings.

8 D All of the above.

Big data can help the company in all above mentioned aspects. The companies have better relationship with the customers, when they forecast accurately then they will manufacture the product accordingly. Hence the big data will be helpful in al mentioned aspects.

9 D functional awareness

The customers demand is increasing rapidly hence to utilize it the companies prioritizing customer needs across functional teams

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