QUESTION 21 POS data can give a company visibility on the market customers suppl
ID: 360651 • Letter: Q
Question
QUESTION 21
POS data can give a company visibility on
the market
customers
suppliers
all of the above
3 points
QUESTION 22
To be Lean means
to do the same things as Agile but modified just a bit
to decrease economies of scale
to be able to move quickly without significant penalty
to reduce or eliminate waste from the system
3 points
QUESTION 23
Data can only be useful if it is
a) used immediately
put into the hands of trained statisticians
from a member of your supply chain
tagged and categorized
3 points
QUESTION 24
Supply chain visibility can be derived from
the market
customers
suppliers
all of the above
a)the market
b)customers
c)suppliers
d)all of the above
Explanation / Answer
QUESTION 21. POS data can give a company visibility on
ANSWER:- (c) suppliers
POS stands for point of sale. It is the data pertaining to what actually sold at the store. Most of the retailers are now provide POS data to their suppliers. It is just like as the benchmark of visibility for suppliers.
QUESTION 22. To be Lean means
ANSWER:- (d) to reduce or eliminate waste from the system.
The ultimate goal of lean process is to provide perfect value to the customer through a perfect value creation process that has zero waste.
QUESTION 23. Data can only be useful if it is
ANSWER:- (d) tagged and categorized
A catagorized data can be used as per the category needs. We can easily find outthe exact information from the catagorized data.
QUESTION 24. Supply chain visibility can be derived from
ANSWER:- (d) All of the above.
The visibility can only be enhanced when there is a definite market for the supply chain network to settle in as well as customers and suppliers to make the visibility evidence.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.