SCMN 2150: SUPPLY CHAIN TECHNOLOGY STUDY
GUIDE
supply chain managers can only derive valuable insights from data that is: - Answers - -
accurate
-accessible
-relevant
-timely
-transferable
-reliable
-usable
connectivity - Answers - -standardize applications and platforms
-foster many-to-may relationships
-enable trade exchanges
collaboration - Answers - -share real-time data with partners
-align individuals & organizations
-standardize processes and practices
execution - Answers - -improve transportation, distribution, inventory, & order
management
-expedite financial settlements
=measure performance results
optimization - Answers - -implement new tools & processes
-eliminate inefficiencies
-leverage cost savings across communities
visibility - Answers - -track inventory flow
-update order statues in real time
-manage incidents
speed - Answers - -increase responsiveness
-improve adaptability
-access information in real time
supply chain planning solutions - Answers - support the forward-looking process of
coordinating assets to optimize the delivery of goods, services and information from
supplier to customer, balancing supply and demand. SCP software sits on top of a
transactional system to provide planning, what-if scenario analysis capabilities and real-
time demand commitments, considering constraints.
GUIDE
supply chain managers can only derive valuable insights from data that is: - Answers - -
accurate
-accessible
-relevant
-timely
-transferable
-reliable
-usable
connectivity - Answers - -standardize applications and platforms
-foster many-to-may relationships
-enable trade exchanges
collaboration - Answers - -share real-time data with partners
-align individuals & organizations
-standardize processes and practices
execution - Answers - -improve transportation, distribution, inventory, & order
management
-expedite financial settlements
=measure performance results
optimization - Answers - -implement new tools & processes
-eliminate inefficiencies
-leverage cost savings across communities
visibility - Answers - -track inventory flow
-update order statues in real time
-manage incidents
speed - Answers - -increase responsiveness
-improve adaptability
-access information in real time
supply chain planning solutions - Answers - support the forward-looking process of
coordinating assets to optimize the delivery of goods, services and information from
supplier to customer, balancing supply and demand. SCP software sits on top of a
transactional system to provide planning, what-if scenario analysis capabilities and real-
time demand commitments, considering constraints.
