Podcast
Questions and Answers
Which of the following is NOT a perceived benefit of applying intelligent supply chain management?
Which of the following is NOT a perceived benefit of applying intelligent supply chain management?
Why is agility important in supply chain management?
Why is agility important in supply chain management?
Which of the following is NOT one of the Warehouse Management Systems' provisions for real-time inventory details?
Which of the following is NOT one of the Warehouse Management Systems' provisions for real-time inventory details?
What makes inventory procedures traceable?
What makes inventory procedures traceable?
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Which of the following refers to the creation of products, customers, production, suppliers, and the logistics sector?
Which of the following refers to the creation of products, customers, production, suppliers, and the logistics sector?
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Which devices have emerged as essential resources for logistics and transportation practitioners?
Which devices have emerged as essential resources for logistics and transportation practitioners?
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What term refers to the process of payments and prints through a Bluetooth printer linked to a wireless local area network?
What term refers to the process of payments and prints through a Bluetooth printer linked to a wireless local area network?
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What does RFID stand for in the context of supply chain technology?
What does RFID stand for in the context of supply chain technology?
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What is the primary reason for maintaining adequate supply?
What is the primary reason for maintaining adequate supply?
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What is the purpose of budgeting in purchasing activities?
What is the purpose of budgeting in purchasing activities?
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What method is based on a cause-and-effect relationship between inputs and outputs?
What method is based on a cause-and-effect relationship between inputs and outputs?
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Which schedule determines the time of goods arrival?
Which schedule determines the time of goods arrival?
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What assesses a supplier’s production capacity?
What assesses a supplier’s production capacity?
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What measures a supply chain's ability to meet client demands?
What measures a supply chain's ability to meet client demands?
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Which performance category evaluates responsiveness to product demand changes?
Which performance category evaluates responsiveness to product demand changes?
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What is used to assess the effectiveness of a supply chain process?
What is used to assess the effectiveness of a supply chain process?
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Study Notes
### Intelligent Supply Chain Management
- Not a perceived benefit of intelligent supply chain management: Reduced need for human intervention.
### Industry 4.0
- Foundation of Industry 4.0: Intelligent Supply Chain Management.
Agile Supply Chain Management
- Agile supply chain management is crucial for avoiding obstacles in product delivery to customers.
Cloud System Improvement
- Interprets warehouse inventory systems.
Warehouse Management Systems
- Warehouse Management Systems track inventory levels in real-time.
- WMS do not typically provide real-time assistance with tracking.
Inventory Procedures
- Inventory procedures can be made traceable through cloud systems.
Operational Level
- The operational level involves the creation of products, customers, production, suppliers, and logistics.
Logistics and Transportation Resources
- New technological devices and applications have emerged as go-to resources for logistics and transportation practitioners.
Vendor Partnerships
- Sustaining partnerships with vendors is important for increasing customer service quality.
Smartphone and Application Use in Delivery
- Smartphones and applications are becoming essential in delivery because they are mobile and cost-effective.
Supply Chain Management's Core Field
- Knowledge has become a central concern for supply chain management participants (according to Galii and Pilepi, 2007).
Delivery Vehicle Tracking
- RFID and GPS are mounted on delivery vehicles for continuous tracking of goods' current state.
Shop Floor System
- A shop floor system is used to track, schedule, and report on work progress in a manufacturing plant.
Warehouse Access Control
- RFID is installed at warehouse entrances and exits to check incoming and outgoing items.
Mobile Point of Sales
- Mobile points of sale process payments and print receipts through Bluetooth printers linked to the wireless local area network.
RFID Definition
- RFID stands for Radio-Frequency Identification.
Strategic Supply Chain Management
- Strategic management must be considered in company supply chain plans for vendors to align with overall company goals.
Logistics and Order Distribution
- Logistics includes order delivery and distribution networks.
Customer-Driven Development Strategy
- Development strategies should be based on customer requirements.
Operational Risks
- Operational risks, according to Dittman (2023), include:
- Asset and tool ownership
- Product quality and safety
Forecasting Techniques
- Recent cycles are the best predictors of future cycles (naive forecasting).
Par Level Forecasting
- The Par level forecasting technique adds 25 to 50 percent on top of working stock.
Supply Risks
- Supply risks, according to Dittman (2023), include:
- Supplier opportunism
- Inbound product quality
- Risks affecting suppliers
Adequate Supply Maintenance
- Maintaining an adequate supply prevents products from selling out between deliveries.
Minimizing Investment
- Business owners minimize investments to avoid trade-offs between expenditure and running out of stock.
Purchasing Priorities
- Companies consider planning in the early stages to set priorities and aims for the buying/purchasing function.
Purchasing Budget
- Budgeting creates dedicated spending for purchasing activities.
Purchasing Communication
- To avoid communication mishaps in purchasing, purchasing programs act as a bridge between vendors and customers to facilitate communication.
Linear Regression Forecasting
- The linear regression forecasting method assumes a cause-and-effect relationship between a system's input and output.
Multiple Linear Regression
- Multiple linear regression focuses on cause-and-effect interactions between several inputs to adevice and its performance.
Supplier Delivery Schedule
- Supplier delivery schedules determine the arrival times of ordered goods.
Supplier Selection Criteria
- Supplier selection criteria have a substantial impact on customer satisfaction during cycles when they contact delivery facilities.
Hotel Supply Development Stages
- Feasibility study and announcement are involved in the planning stage of hotel supply development.
Construction Approval Stage
- Government approvals for construction documents occur during the final planning stage.
Financial Assessment of Business Partners
- Financial conditions and cost structure assess cost ratios to determine business partner spending on financial requirements.
Supplier Production Capacity Evaluation
- Process and design capabilities evaluate the supplier's production capacity.
Planning and Control Systems
- Planning and control systems release, coordinate, and track the flow of work within an organisation and its external parties.
Customer Service Evaluation
- Customer service measures a supply chain's ability to meet customer demands.
Demand Flexibility Evaluation
- Demand flexibility evaluates a company's ability to react to changes in product demand.
Product Development Capability
- Product development refers to a company's or supply chain's ability to expand in line with the markets they serve.
Supply Chain Performance Metrics
- Performance metrics assess the effectiveness of supply chain processes.
Internal Efficiency Evaluation
- Internal efficiency refers to a company's or supply chain's ability to generate profits.
Provider Identification
- The text does not mention the process for identifying providers.
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Description
Test your knowledge about Intelligent Supply Chain Management and its impact on Industry 4.0, agile methodologies, and inventory systems. This quiz covers the key concepts and technologies involved in modern supply chain operations. See how well you understand the evolution and application of these systems.
