Digital Transformation Basics
What do we call the process of rebuilding supply chains using data and technology?
Correct Answer: Digital transformation
What do customers expect today regarding order information? Correct Answer: Real-time order visibility
Correct Answer: Real-time order visibility
Which system integrates procurement, inventory, and finance?
Correct Answer: ERP
What do we call a central system that shows end-to-end supply chain visibility?
Correct Answer: Control tower
What human-related challenge often slows digital transformation?
Correct Answer: Resistance to change
Digital transformation changes supply chains from reactive to what type?
Correct Answer: Predictive and prescriptive
Events like pandemics showed that traditional supply chains lack what?
Correct Answer: Resilience
Which technology uses sensors to track location and temperature of goods?
Correct Answer: Internet of Things (IoT)
What is the virtual copy of a real supply chain called?
Correct Answer: Digital twin
What problem occurs when new systems must work with old IT systems?
Correct Answer: Legacy system integration issues
What digital tool allows managers to see inventory and deliveries instantly?
Correct Answer: Real-time dashboards / real-time visibility
What do we call companies that start with digital tools from the beginning?
Correct Answer: Digital-native companies
Which technology creates secure and tamper-proof records?
Correct Answer: Blockchain
Which type of analytics focuses on past performance?
Correct Answer: Descriptive analytics
What protects supply chain data from cyber attacks?
Correct Answer: Cybersecurity
Besides technology, what organizational factor must change for digital transformation to succeed?
Correct Answer: Organizational culture and mindset
What capability allows partners to share information instantly?
Correct Answer: Real-time data sharing
Which technology helps forecast demand and optimize decisions?
Correct Answer: Artificial Intelligence (AI)
Which analytics type predicts future demand and disruptions?
Correct Answer: Predictive analytics
Misalignment between employees and digital goals is called what?
Correct Answer: Cultural misalignment
Buying new software only, without changing processes, is called what?
Correct Answer: Digital adoption
For many firms, digital transformation is necessary for what reason?
Correct Answer: Business survival
Which technology provides scalable access to data anytime and anywhere?
Correct Answer: Cloud computing
Which analytics type recommends the best decision to take?
Correct Answer: Prescriptive analytics
Strong leadership is needed to successfully manage what process?
Correct Answer: Digital transformation implementation