Podcast
Questions and Answers
What is a critical role of information in a supply chain?
What is a critical role of information in a supply chain?
- Being inaccurate
- Being inaccessible in a timely manner
- Being irrelevant
- Being accurate (correct)
Which of the following is emphasized as important regarding information in a supply chain?
Which of the following is emphasized as important regarding information in a supply chain?
- Having accessible information in a timely manner (correct)
- Having irrelevant information
- Having outdated information
- Having encrypted information
What does ICT enable in the context of the warehouse and information flow?
What does ICT enable in the context of the warehouse and information flow?
- Preventing the transfer of information
- Preventing good decision-making
- Preventing data analysis
- Collection, analysis, and evaluation of data (correct)
How does IT affect its strategy and competitive advantage according to the text?
How does IT affect its strategy and competitive advantage according to the text?
What can effective logistics and supply chain planning do to business operations according to the text?
What can effective logistics and supply chain planning do to business operations according to the text?
What is an important aspect of information flow that IT can facilitate throughout the supply chain?
What is an important aspect of information flow that IT can facilitate throughout the supply chain?
Which type of planning has a time horizon longer than one year?
Which type of planning has a time horizon longer than one year?
What does Corporate Strategy involve?
What does Corporate Strategy involve?
Which planning involves decision making on an hourly or daily basis?
Which planning involves decision making on an hourly or daily basis?
What is the time horizon for Tactical Planning?
What is the time horizon for Tactical Planning?
In Logistics & Supply Chain Strategy, what does the Proper Channel Strategy refer to?
In Logistics & Supply Chain Strategy, what does the Proper Channel Strategy refer to?
What is the primary focus of Operational Planning?
What is the primary focus of Operational Planning?
What does channel strategy aim to achieve?
What does channel strategy aim to achieve?
Which strategy focuses on having products readily available in stock?
Which strategy focuses on having products readily available in stock?
What is the main effect of Information Technology (IT) on supply chain management?
What is the main effect of Information Technology (IT) on supply chain management?
According to Porter's Five Forces, which force involves the power of customers to negotiate prices and terms?
According to Porter's Five Forces, which force involves the power of customers to negotiate prices and terms?
What do strategic tradeoffs involve?
What do strategic tradeoffs involve?
