Supply Chain Analytics Essentials Quiz Answer. In this post you will get Quiz & Assignment Answer Of Supply Chain Analytics Essentials
Supply Chain Analytics Essentials Quiz
Offered By ”Rutgers the State University of New Jersey”
Week- 2
Peer-graded Assignment: Supply Chain Management Example(s)
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Supply Chain Management and Analytics Basics
1.
Question 1
What is a supply chain?
1 point
- A network of companies that creates, produces and deliver products and services
- The integrated processes of a company that involves sourcing, making and delivery of its products and services
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2.
Question 2
What are the goals of supply chain management?
1 point
- Increase revenue
- Improve customer satisfaction
- Improve productivity and efficiency
- Reduce cost and risk
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3.
Question 3
One goal of supply chain management is cost reduction, what types of cost is included?
1 point
- Operating cost, such as logistics, inventory and warehousing costs.
- The cost of goods sold (COGS), such as procurement and production costs
- The costs associated with financing and investment
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4.
Question 4
How can supply chain management create a long-term competitive advantage for companies?
1 point
- By improving customer satisfaction and reducing cost in the same time
- By improving efficiency and reducing risk
- By improving customer satisfaction through higher operational expenses
- Cheaper, faster and higher quality
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5.
Question 5
What types of analytics are applicable to supply chain management?
1 point
- Prescriptive analytics
- Descriptive analytics
- Diagnostics analytics
- Predictive analytics
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6.
Question 6
What are the purposes of descriptive analytics?
1 point
- To assess the current status of the system
- To quantify the system performance quantiatively
- To answer the question of how well (poorly) we are doing?
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7.
Question 7
What are the purposes of diagnostics analytics?
1 point
- To identify the driving force(s) of the performance
- Link performance to root cause(s)
- To quantify the impact of various factors on the performance
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8.
Question 8
What are the purposes of predictive analytics?
1 point
- To predict the outcome of the system for various likely scenarios
- To estimate the consequences of certain actions
- To predict what will happen in the future
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9.
Question 9
What are the purposes of prescriptive analytics?
1 point
- To improve the performance of the system by making optimized decisions
- To balance the trade-offs among conflicting forces so as to improve the net outcome
- To make decisions automatically for the system
- To provide decision support for a better system performance
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10.
Question 10
Why is analytics critical to supply chain management?
1 point
- Analytics can integrate data from multiple sources to link performance to causes
- Analytics can tell which strategy is better, by how much and under what assumptions
- Analytics provides quantitative insights (rather than qualitative guesswork) on a supply chain’s performance
Domains In a Supply Chain
1.
Question 1
What are the domains (functional areas) in a supply chain in manufacturing/trade industries?
1 point
Move or distribution / logistics
Make or production
Sell or selling
Source or sourcing
Services
Week- 3
Sell Analytics
1.
Question 1
What are the key performance indicators of Sell Analytics?
1 point
Cost
Customer satisfaction
Revenue
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2.
Question 2
What is the objective of sell analytics?
1 point
Sell faster and more
improve quality of the products and services
increasing sales and reduce cost
Logistics Analytics
1.
Question 1
What are the key performance indicators of logistics?
1 point
Quality of products
Time, such as fulfillment time and on-time delivery performance
Logistics costs, such as shipping cost, inventory cost and warehousing cost
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2.
Question 2
What is the objective of move (logistics) analytics?
1 point
Fulfill demand timely and cost efficiently
Improve service levels and reduce cost
Make Analytics
1.
Question 1
What are the key performance indicators for production systems?
1 point
Product variety
Quality or defects
Production cost
Cycle Time
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2.
Question 2
What is the objective of make analytics?
1 point
To increase the quality and reduce cost while meeting all customer demand
Manage machines, workforce & materials to meet the demand in the most productive way
Source Analytics
1.
Question 1
What are the key performance indicators for sourcing and procurement?
1 point
Flexibility in delivery
Purchasing cost
Product quality
Delivery lead time
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2.
Question 2
What is the objective of source analytics?
1 point
To track where the money is spent and with whom
To ensure consistent performance of suppliers
Maximize the value and minimize the risk of supply
Week- 4
Supply Chain Analytics Jobs
1.
Question 1
What is needed to prepare for a supply chain analytics job?
1 point
Real life examples and / or projects
Application of analytics to supply chains
Data analytics skills
Team leadership skills
Peer-graded Assignment: Define Your Dream Jobs by Region, Industry and Company
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