Exam 15: Strategic Challenges and Change for Supply Chains

Google smart glasses are voice-controlled devices/computers equipped with GPS and motion sensors that interact with the Internet. A supply chain professional could use the built-in camera on the glasses to stream images to Google computers or to receive information in response to specific queries. This is an example of which major trend in digitization?

Predictive analytics is the level that incorporates available data to answer questions such as what, where, and when certain supply chain activities, processes, or events are happening.

The Internet of Things (IoT) allows devices to communicate and interact with other devices over the Internet. Supply chain analytic devices and other applications are not yet connected to the IoT, but supply chain professionals may find opportunities to do so in the future.

Although "omni-channel" supply chains have developed in response to a continually increasing range of customer needs and preferences, this concept has had relatively little effect on logistics and supply chain networks.

Experts recognize three "mega" themes among the game-changing supply chain technologies on the horizon: mobility, digitization, and artificial intelligence.

IBM Watson is a prescriptive analytics system that can help to understand data, learn from it, and reason through it.

Which one of the choices below is not one of the various stages and levels of sophistication and robustness that is associated with supply chain analytics?

Identify the top five workforce issues facing the supply chain industry. Provide recommendations for resolving at least one of these issues.

To what extent have the seven principles of supply chain management remained current? What are some of the major changes that have occurred since they were first developed?

A closed-loop system manages:

Central to an understanding of supply chain analytics is to recognize that one of the highest priorities at many organizations today is to take a giant leap from data to information, and then from information to understanding.

Reverse flows in logistics have decreased.

While reverse flows were traditionally thought to incur extra, non-value-added cost, they are now widely viewed as creating opportunities for sustainability and even added service to customers.

Companies have discovered that there are no revenue opportunities to offset the costs in sustainability practices.