DPL40063: Logistics & Supply Chain IT Chapter 1 Quiz
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Questions and Answers

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?

  • 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  • Having outdated information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?

  • 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?

    <p>IT can build barriers to entry (C)</p> Signup and view all the answers

    What can effective logistics and supply chain planning do to business operations according to the text?

    <p>Transform business operations (B)</p> Signup and view all the answers

    What is an important aspect of information flow that IT can facilitate throughout the supply chain?

    <p>Enabling good decision-making (C)</p> Signup and view all the answers

    Which type of planning has a time horizon longer than one year?

    <p>Strategic Planning (B)</p> Signup and view all the answers

    What does Corporate Strategy involve?

    <p>Coordinating unit strategies (B)</p> Signup and view all the answers

    Which planning involves decision making on an hourly or daily basis?

    <p>Operational Planning (A)</p> Signup and view all the answers

    What is the time horizon for Tactical Planning?

    <p>Less than one year (C)</p> Signup and view all the answers

    In Logistics & Supply Chain Strategy, what does the Proper Channel Strategy refer to?

    <p>Long-term goal setting (A)</p> Signup and view all the answers

    What is the primary focus of Operational Planning?

    <p>Short-term decision making (D)</p> Signup and view all the answers

    What does channel strategy aim to achieve?

    <p>Maximizing exposure to potential customers (B)</p> Signup and view all the answers

    Which strategy focuses on having products readily available in stock?

    <p>Supply-to-Stock Strategy (A)</p> Signup and view all the answers

    What is the main effect of Information Technology (IT) on supply chain management?

    <p>Offering numerous opportunities for improvement and efficiency (A)</p> Signup and view all the answers

    According to Porter's Five Forces, which force involves the power of customers to negotiate prices and terms?

    <p>Bargaining Power of Buyers (B)</p> Signup and view all the answers

    What do strategic tradeoffs involve?

    <p>Balancing between conflicting strategies (D)</p> Signup and view all the answers

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