LSCM 3960 CH 15 EXAM QUESTIONS WITH VERIFIED SOLUTIONS LATEST UPDATE 2026
The seven principles of supply chain management have stood the test of time very well - Answers
True
The first principle of supply chain management is to segment customers based on profit - Answers
False
The fourth principle of supply chain management is to differentiate products closer to the customer -
Answers True
Technology and data are already very well integrated into supply chain management - Answers True
Corporate executives are already well aware of the impact supply chain management can have on
their business - Answers False
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 information to
understanding - Answers True
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 - Answers False
IBM Watson is a prescriptive analytics system that can help to understand data, learn from it, and
reason through it - Answers false
Shippers see more strategic and IT-based process such as supply chain planning and network
modeling and optimization, as great areas of opportunity to leverage big data - Answers True
The reason retailers are so successful with the omni-channel is because the channels provide so many
different views of the customer - Answers False
Companies have discovered that there is no revenue opportunities to offset the costs in sustainability
practices - Answers False
Both reverse and closed-loop systems are important strategies that impact sustainability in a positive
manner - Answers True
Seamless order entry is not that important to the success of omni-channel retailing - Answers False
With all of the new technology and game changing ideas, the future of omni-channel does not look
like it will take off. - Answers False
A successful approach in overcoming organizational resistance is to effectuate collaboration -
Answers True
There is a strong feeling among some supply chain experts that the mitigation of risk is the best driver
of sustainability initiatives - Answers True
An analysis of the benefits of a reverse or return flows program is dependent upon the development
of the true costs associated with such a program and comparing them to a realistic measure of the
benefits - Answers True
Reverse flows in logistics have decreased - Answers 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 - Answers False
For an omni-channel retailer, the critical issue is not where inventory is positioned within the network
but whether it is available to fill an order, regardless of its origin - Answers True
Some European countries have passed green laws, which means that companies doing business in
these countries must be cognizant of regulations and policies regarding sustainability - Answers True
Which of the following does not belong in the list of the seven principles of supply chain management
- Answers Develop Outsourcing Strategy to Maximize Asset Utilization
A closed loop system manages - Answers Both forward and reverse flows
Which one of the choices below is NOT one of the various stages and levels of sophisticated and
robustness that is associated with supply chain analytics - Answers Indicative
Which is not one of the seven principles of supply chain management - Answers Standardize where
feasible
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? - Answers Predictive
When one is not one of the four requirements for cognitive systems - Answers Contextual
What is it called when consumers can place with Amazon for groceries - Answers Amazon Fresh
The seven principles of supply chain management have stood the test of time very well - Answers
True
The first principle of supply chain management is to segment customers based on profit - Answers
False
The fourth principle of supply chain management is to differentiate products closer to the customer -
Answers True
Technology and data are already very well integrated into supply chain management - Answers True
Corporate executives are already well aware of the impact supply chain management can have on
their business - Answers False
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 information to
understanding - Answers True
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 - Answers False
IBM Watson is a prescriptive analytics system that can help to understand data, learn from it, and
reason through it - Answers false
Shippers see more strategic and IT-based process such as supply chain planning and network
modeling and optimization, as great areas of opportunity to leverage big data - Answers True
The reason retailers are so successful with the omni-channel is because the channels provide so many
different views of the customer - Answers False
Companies have discovered that there is no revenue opportunities to offset the costs in sustainability
practices - Answers False
Both reverse and closed-loop systems are important strategies that impact sustainability in a positive
manner - Answers True
Seamless order entry is not that important to the success of omni-channel retailing - Answers False
With all of the new technology and game changing ideas, the future of omni-channel does not look
like it will take off. - Answers False
A successful approach in overcoming organizational resistance is to effectuate collaboration -
Answers True
There is a strong feeling among some supply chain experts that the mitigation of risk is the best driver
of sustainability initiatives - Answers True
An analysis of the benefits of a reverse or return flows program is dependent upon the development
of the true costs associated with such a program and comparing them to a realistic measure of the
benefits - Answers True
Reverse flows in logistics have decreased - Answers 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 - Answers False
For an omni-channel retailer, the critical issue is not where inventory is positioned within the network
but whether it is available to fill an order, regardless of its origin - Answers True
Some European countries have passed green laws, which means that companies doing business in
these countries must be cognizant of regulations and policies regarding sustainability - Answers True
Which of the following does not belong in the list of the seven principles of supply chain management
- Answers Develop Outsourcing Strategy to Maximize Asset Utilization
A closed loop system manages - Answers Both forward and reverse flows
Which one of the choices below is NOT one of the various stages and levels of sophisticated and
robustness that is associated with supply chain analytics - Answers Indicative
Which is not one of the seven principles of supply chain management - Answers Standardize where
feasible
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? - Answers Predictive
When one is not one of the four requirements for cognitive systems - Answers Contextual
What is it called when consumers can place with Amazon for groceries - Answers Amazon Fresh
