Describe the four changes resulting from advances in IT that are driving supply chains.
What will be an ideal response?
(1) Visibility - More visible models of different ways to do things in the supply chain have emerged. High
visibility in the supply chain is changing industries, as Wal-Mart demonstrated. (2) Consumer behavior -
Companies must respond to demanding customer through supply chain enhancements. (3) Competition -
Increased competition makes any organization that is ignoring its supply chain at risk of being obsolete.
(4) Speed - As the pace of business increases through electronic media, an organization's supply chain
must respond efficiently, accurately and quickly.
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Organizations that are less organic and more bureaucratic are usually ________ organizations.
A. small B. nonbureaucratic C. flat D. large E. medium-sized
A quasi-custom product:
A) gets its apparent customization from the combinations available from a small number of modules. B) is often the output of repetitive focus facilities. C) is a valid description of a fast food sandwich. D) only applies in services. E) All but D are true.
Rights to receive funds can be assigned
Indicate whether the statement is true or false
Explanatory analytics uses predictive analytics as a stepping stone to create explanatory models
a. True b. False Indicate whether the statement is true or false