Supply Chain Analytics Essentials Quiz

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”

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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

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

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

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

5.
Question 5
What types of analytics are applicable to supply chain management?

1 point

  • Prescriptive analytics
  • Descriptive analytics
  • Diagnostics analytics
  • Predictive analytics

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?

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

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

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

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

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

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

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

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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