DPL40063: Logistics & Supply Chain IT Chapter 1 Quiz

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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Having outdated information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?

IT can build barriers to entry Signup and view all the answers

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

Transform business operations Signup and view all the answers

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

Enabling good decision-making Signup and view all the answers

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

Strategic Planning Signup and view all the answers

What does Corporate Strategy involve?

Coordinating unit strategies Signup and view all the answers

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

Operational Planning Signup and view all the answers

What is the time horizon for Tactical Planning?

Less than one year Signup and view all the answers

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

Long-term goal setting Signup and view all the answers

What is the primary focus of Operational Planning?

Short-term decision making Signup and view all the answers

What does channel strategy aim to achieve?

Maximizing exposure to potential customers Signup and view all the answers

Which strategy focuses on having products readily available in stock?

Supply-to-Stock Strategy Signup and view all the answers

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

Offering numerous opportunities for improvement and efficiency Signup and view all the answers

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

Bargaining Power of Buyers Signup and view all the answers

What do strategic tradeoffs involve?

Balancing between conflicting strategies Signup and view all the answers