Information and Transparency in SC

Question 1

Why is accurate and real-time information sharing critical in Supply Chains?
A. To reduce communication costs between partners
B. To ensure customer satisfaction with order fulfillment
C. To simplify warehouse storage and retrieval processes
D. For all of the above

Answer 1

A. To reduce communication costs between partners
B. To ensure customer satisfaction with order fulfillment
C. To simplify warehouse storage and retrieval processes
D. For all of the above

Question 2

Which of the following is NOT a typical day-to-day information requirement within a supply chain?
A. Customer order details
B. Delivery status updates
C. Market research reports
D. Inventory stock levels

Answer 2

A. Customer order details
B. Delivery status updates
C. Market research reports
D. Inventory stock levels

Question 3

How many types of Information Requirements are there?
A. 1
B. 2
C. 3
D. 4

Answer 3

A. 1
B. 2
C. 3
D. 4

Question 4

What are usually included in the Day-to-day Tasks?
A. Demand Visibility, Customer Orders, Delivery Status, Stock Levels
B. Situational risk assements, Delivery Status, Customer Orders, Mitigation Response
C. Demand Visibility, Decision Making, Mitigation Response, Stock Levels
D. Situational Risk Assessments, Mitigation Response, Decision-Making

Answer 4

A. Demand Visibility, Customer Orders, Delivery Status, Stock Levels
B. Situational risk assements, Delivery Status, Customer Orders, Mitigation Response
C. Demand Visibility, Decision Making, Mitigation Response, Stock Levels
D. Situational Risk Assessments, Mitigation Response, Decision-Making

Question 5

Which are usually included in the Day-to-day Tasks (Internal)?
A. Mitigation Response
B. Decison-Making
C. Stock-Levels
D. Customer Orders
E. Situational Risk Assessments
F. Demand Visibility
G. Delivery Status

Answer 5

A. Mitigation Response
B. Decison-Making
C. Stock-Levels
D. Customer Orders
E. Situational Risk Assessments
F. Demand Visibility
G. Delivery Status

Question 6

Which are usually included in the Strategic/ Uncertain (External)?
A. Mitigation Response
B. Decison-Making
C. Stock-Levels
D. Customer Orders
E. Situational Risk Assessments
F. Demand Visibility
G. Delivery Status

Answer 6

A. Mitigation Response
B. Decison-Making
C. Stock-Levels
D. Customer Orders
E. Situational Risk Assessments
F. Demand Visibility
G. Delivery Status

Question 7

How many characteristics are there for Quality Information?

Answer 7

5

Question 8

Name the characteristics of Quality Information?

Answer 8

Accessible, Relevant, Accurate, Timely, Transferable

Question 9

Information must be available to supply chain managers
who have a legitimate need for it, regardless of their location or
employer. This statement describes which characteristic of Quality Information?

Answer 9

Accessible

Question 10

Supply chain managers must have pertinent information to
make decisions. They must know what information is needed and be
able to quickly acquire only that which is applicable to their current
situation. This statement describes which characteristic of Quality Information?

Answer 10

Relevant

Question 11

The information must be correct and depict reality; otherwise, it will be difficult to make appropriate decisions. Information inaccuracies can lead to inventory shortages,
transportation delays, governmental penalties, and dissatisfied
customers. This statement describes which characteristic of Quality Information?

Answer 11

Accurate

Question 12

The information must be up to date and available in a reasonable timeframe. This statement describes which characteristic of Quality Information?

Answer 12

Timely

Question 13

The final characteristic of information has multiple meanings. Supply chain managers need the ability to transfer supply chain data from one format to another to make it understandable
and useful. This statement describes which characteristic of Quality Information?

Answer 13

Transferable