QUESTION 21 POS data can give a company visibility on the market customers suppl

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

the market

customers

suppliers

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.

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