Supply Chain Basics
The abbreviation stands for SCM
What is Supply Chain Management?
What does IT stand for?
What is Information technologies?
The abbreviation is ERP
What is Enterprise Resource Planning?
This is when a company moves its processes overseas to reduce costs.
What is off-shoring?
The abbreviation is KPI
What is Key Performance Indicators?
This effect is visualized in the "Beer game" exercise
What is the bull-whip effect?
This is the Chip with a unique id you can scan, used in many supply chains
What is RFID chip?
These are some examples on what is recommended for integrating ERP system in larger corporation. Mention 1.
What are:
- Top management support?
- Clear objectives?
- Effective change management?
This refers to businesses that integrate their physical stores with their online presence.
What is Brick-and-click?
Responsiveness is closely connected to this term
What is cost?
All stages involved, directly or inderectly in fulfilling a customer request
What is a Supply Chain?
These are the three types of integration in a Supply Chain. Mention two of them.
What is Internal, External and full integration?
This is the evolution of the traditional ERP systems, which focus on both internal and external processes with multiple organizations dealing with data in real time.
What is ERP 2?
This is the process of calculating risk to the global supply management.
What is Risk management?
poor communication between silos, misaligned strategies, and information overload
What are some of the reasons why companies rarely achieve full internal collaboration?
Mention at least 3 out of the 4 performance Metrics in SCM.
What is Efficiency, Effectiveness, Responsiveness, and Resilience?
This is the IT system that connects the entire company, including the supply chain, together.
What ERP system?
This is a bespoke integration solutions.
What is a type of integration solution is custom-built to connect different systems in a supply chain, tailored specifically to an organization’s unique processes and requirements.
Give me 5 examples of companies which make use of seasonal pricing.
Up to the verdict...
When you combine different pieces from different locations into one single delivery with no inventory at retailer.
What is In Transit Merge Network?
This is how often supply chain operations decisions are made compared to strategy and design
How long is Daily/weekly?
This is Structured data, which is a agreed message standard, is transferred from one computer to another, by electronic means.
What is Electronic Data Interchange?
This technology is used because it provides a secure, transparent, and immutable way of tracking and verifying transactions.
What is blockchain?
This is the term that is used in ecommerce and retail to describe a business strategy that aims to provide a seamless shopping experience across all channels, including store, mobile, and online.
What is Omnichannel?
You are at the exam and asked what is the challenges of collaboration in a supply chain? GO!!
Verdict