LSCM 3960 Ch 15 Exam Graded A+
The Internet of Things (IoT) allows devices to communicate and interact with other
devices over the Internet. Supply chain analytic devices and other applications are not
yet connected to the IoT, but supply chain professionals may find opportunities to do so
in the future. T/F - Answer- F
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 from information to understanding. T/F - Answer- F
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.
T/F - Answer- F
The seven principles of supply chain management have stood the test of time very well.
T/F - Answer- T
The first principle of supply chain management is to segment customers based on profit.
T/F - Answer- F
The fourth principle of supply chain management is to differentiate products closer to
the customer. T/F - Answer- T
IBM Watson is a prescriptive analytics system that can help to understand data, learn
from it, and reason through it.
T/F - Answer- F
Shippers see more strategic and IT-based processes such as supply chain planning
and network modeling and optimization as great areas of opportunity to leverage big
data.
T/F - Answer- T
Although "omni-channel" supply chains have developed in response to a continually
increasing range of customer needs and preferences, this concept has had relatively
little effect on logistics and supply chain networks. T/F - Answer- F
Companies have discovered that there are no revenue opportunities to offset the costs
in sustainability practices.
T/F - Answer- F
Both reverse and closed-loop systems are important strategies that impact sustainability
in a positive manner. T/F - Answer- T
The Internet of Things (IoT) allows devices to communicate and interact with other
devices over the Internet. Supply chain analytic devices and other applications are not
yet connected to the IoT, but supply chain professionals may find opportunities to do so
in the future. T/F - Answer- F
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 from information to understanding. T/F - Answer- F
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.
T/F - Answer- F
The seven principles of supply chain management have stood the test of time very well.
T/F - Answer- T
The first principle of supply chain management is to segment customers based on profit.
T/F - Answer- F
The fourth principle of supply chain management is to differentiate products closer to
the customer. T/F - Answer- T
IBM Watson is a prescriptive analytics system that can help to understand data, learn
from it, and reason through it.
T/F - Answer- F
Shippers see more strategic and IT-based processes such as supply chain planning
and network modeling and optimization as great areas of opportunity to leverage big
data.
T/F - Answer- T
Although "omni-channel" supply chains have developed in response to a continually
increasing range of customer needs and preferences, this concept has had relatively
little effect on logistics and supply chain networks. T/F - Answer- F
Companies have discovered that there are no revenue opportunities to offset the costs
in sustainability practices.
T/F - Answer- F
Both reverse and closed-loop systems are important strategies that impact sustainability
in a positive manner. T/F - Answer- T
