Podcast
Questions and Answers
RFID technology is used to wirelessly interact with a terminal computer near the driver.
RFID technology is used to wirelessly interact with a terminal computer near the driver.
True
Shop floor systems are designed solely for scheduling manufacturing tasks.
Shop floor systems are designed solely for scheduling manufacturing tasks.
False
RFID readers in shelf management detect the presence of items on the shelf.
RFID readers in shelf management detect the presence of items on the shelf.
True
Order tracking systems only benefit the manufacturers and do not affect consumers.
Order tracking systems only benefit the manufacturers and do not affect consumers.
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The detection and eradication of off-the-shelf conditions is part of shop floor system functionality.
The detection and eradication of off-the-shelf conditions is part of shop floor system functionality.
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Consumers can only track their orders, but cannot customize delivery options.
Consumers can only track their orders, but cannot customize delivery options.
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Shelf management is primarily concerned with improving retail fraud prevention.
Shelf management is primarily concerned with improving retail fraud prevention.
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Real-time tracking provided by RFID technology enhances customer service systems.
Real-time tracking provided by RFID technology enhances customer service systems.
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E-environment is gradually replacing traditional business operations.
E-environment is gradually replacing traditional business operations.
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RFID technology is only utilized in retail distribution systems.
RFID technology is only utilized in retail distribution systems.
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One perceived benefit of RFID systems is the proof of delivery automation.
One perceived benefit of RFID systems is the proof of delivery automation.
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Stock verification is enhanced by labor-intensive methods in modern business practices.
Stock verification is enhanced by labor-intensive methods in modern business practices.
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GPS technology is primarily used in warehouse management systems.
GPS technology is primarily used in warehouse management systems.
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Real-time details provided by RFID readers can lead to lower labor rates.
Real-time details provided by RFID readers can lead to lower labor rates.
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Mobile technology is decreasing the presence of business practices on smartphones.
Mobile technology is decreasing the presence of business practices on smartphones.
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Constant tracking of goods' states is made possible by GPS technology.
Constant tracking of goods' states is made possible by GPS technology.
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Location-based services (LBS) are solely used in the healthcare sector.
Location-based services (LBS) are solely used in the healthcare sector.
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Mobile supply chain management (mSCM) leverages mobile apps to improve supply chain operations.
Mobile supply chain management (mSCM) leverages mobile apps to improve supply chain operations.
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The global positioning system (GPS) can only provide location details and cannot assist with monitoring vehicles.
The global positioning system (GPS) can only provide location details and cannot assist with monitoring vehicles.
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The ease of usage of mobile devices has reduced the ability of businesses to reach clients.
The ease of usage of mobile devices has reduced the ability of businesses to reach clients.
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Smartphone apps are only useful in entertainment and have no application in shipping and distribution.
Smartphone apps are only useful in entertainment and have no application in shipping and distribution.
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The proliferation of mobile apps allows for real-time contact with organizational information systems.
The proliferation of mobile apps allows for real-time contact with organizational information systems.
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Competitive analysis focuses solely on key performance data of rivals.
Competitive analysis focuses solely on key performance data of rivals.
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Cost savings and supply chain responsiveness can be achieved through the implementation of mobile SCM.
Cost savings and supply chain responsiveness can be achieved through the implementation of mobile SCM.
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Establishing technology that aligns with consumer requirements is essential for supply chain innovation.
Establishing technology that aligns with consumer requirements is essential for supply chain innovation.
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The concept of mobile supply chain management has been static and did not adapt to emerging patterns.
The concept of mobile supply chain management has been static and did not adapt to emerging patterns.
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Risk assessment is often prioritized in supply chain management.
Risk assessment is often prioritized in supply chain management.
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Talent preparation should be a component of strategic technology in supply chains.
Talent preparation should be a component of strategic technology in supply chains.
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A systemic danger appreciation in supply chains decreases when a company operates internationally.
A systemic danger appreciation in supply chains decreases when a company operates internationally.
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Businesses typically rely on internal data only for competitive analysis.
Businesses typically rely on internal data only for competitive analysis.
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Supply chain risk factors can be categorized into three groups.
Supply chain risk factors can be categorized into three groups.
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The strategic decisions of a company are often influenced by their understanding of competitors’ inventory turns.
The strategic decisions of a company are often influenced by their understanding of competitors’ inventory turns.
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An operator should aim to maximize total inventory amounts as the closing date approaches.
An operator should aim to maximize total inventory amounts as the closing date approaches.
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A single menu item shortage can be critical for large food service operations.
A single menu item shortage can be critical for large food service operations.
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The NAIVE forecasting method relies on the assumption that future cycles will differ significantly from recent cycles.
The NAIVE forecasting method relies on the assumption that future cycles will differ significantly from recent cycles.
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Exponential smoothing provides equal weight to all historical data points.
Exponential smoothing provides equal weight to all historical data points.
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The moving average method is best suited for products with erratic demand.
The moving average method is best suited for products with erratic demand.
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Linear regression assumes there is no relationship between input and output indicators.
Linear regression assumes there is no relationship between input and output indicators.
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Forecast preparation costs and accuracy should be analyzed for optimal outcomes.
Forecast preparation costs and accuracy should be analyzed for optimal outcomes.
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The required inventory amount can be achieved without understanding the aspects of outages.
The required inventory amount can be achieved without understanding the aspects of outages.
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Study Notes
Mobile Supply Chain Management
- Traditional business operations are being replaced by e-commerce due to the growth of smartphones and internet connectivity.
- Mobile Supply Chain Management (mSCM) involves using mobile apps and computers to execute supply chain operations.
- mSCM helps businesses achieve cost savings, improve supply chain responsiveness, and gain a competitive edge.
Benefits of Mobile Apps
- Mobile applications provide real-time access to organizational information systems, including inventory levels, order tracking, and customer service.
- Location-based services (LBS) use mobile devices to provide information based on a user's geographical location.
- Global Positioning System (GPS) is used to determine a user's location and track goods and services.
Warehouse Management Systems
- Warehouse management systems use RFID readers at entrances and exits to track items entering and leaving the warehouse.
- Benefits include:
- Real-time inventory details
- Lower labor costs
- Automation of proof of delivery
- Reduced need for stock verification
- Real-time brand monitoring
Retail Distribution Systems
- RFID readers and GPS technology are used to track goods in transit.
- Benefits include:
- Real-time details on goods in transit
- Real-time asset tracking
Shop Floor Systems
- Shop floor systems are used to track, schedule, and report on work progress in a manufacturing plant.
- Benefit: Detection and elimination of off-the-shelf conditions.
Shelf Management Systems
- RFID readers embedded in shelves track the amount of items on each shelf.
- Benefits:
- Fraud warnings
- Waste reduction management
Consumer Service Systems
- Order tracking systems provide transparency and improve customer satisfaction by allowing consumers to track their orders and customize delivery options.
Competitive Analysis
- Companies should analyze their market and competitors to make strategic decisions.
- It's important to understand the systems, technologies, and network capabilities of competitors.
Supply Chain Technology
- Technological advancements enable businesses to implement supply chain strategies and support innovative processes and capabilities.
- Companies should analyze emerging technologies to meet evolving customer needs and build additional capacity for their supply chains.
- Employee recruitment and training should be part of every strategic technology initiative to ensure staff can successfully adopt and use new technologies.
Risk Assessment in Supply Chain
- A robust risk identification, prioritization, management, and mitigation mechanism is essential for supply chain security.
- International expansion and extended supply chains increase the importance of risk assessment.
- Risk planning should remain a priority, especially in the face of potential disruptions.
Relative Importance of Stock Outages
- The impact of stock outages varies across different food service operations.
- Minor ingredient outages might be easily addressed by smaller operators, but for larger venues, such situations could lead to revenue loss and damage to customer goodwill.
- Effective inventory management is crucial to minimize the risk of running out of key ingredients and menu items, regardless of an operation's size.
Forecasting Techniques
- Forecasting methods are chosen based on the cost of preparation and the required accuracy.
- A cost-benefit analysis is crucial to find the optimal balance between forecasting costs and accuracy.
- Forecasting techniques include:
- Naive: Based on the assumption that past trends predict future trends.
- Moving Average: Smooths data by averaging past values to reduce volatility.
- Exponential Smoothing: Similar to moving average but weighs recent data more heavily.
- Linear Regression: Assumes a cause-and-effect relationship between input and output.
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Description
This quiz covers the essentials of Mobile Supply Chain Management (mSCM) and its benefits to businesses. It delves into how mobile apps enhance operations, including real-time access to inventory and order tracking, as well as the role of RFID in warehouse management systems. Test your knowledge on the impact of mobile technology in supply chains!
