1. An example of an industry that would benefit from being Agile would be
A. the fashion industry
B. steel mills
C. the automotive industry
D. companies in industries that see low volatility in demand and a small variation in their product offerings.
2. Sense refers to the ability to
A. tell when a bottleneck is about to form in production
B. understand shortcomings in the supply chain
C. see changes in the market place before it's too late
D. predict service failures
3. High ranking professionals with the training and curiosity to make discoveries in the world of Bid Data are referred to as
A. executive statisticians
B. data managers
C. data scientists
D. supply chain managers
4. Information on inventory levels can give a company visibility on
A. the market
B. customers
C. suppliers
D. all of the above
5. There are four different types of response flexibility. Which one represents how quickly and efficiently the supply chain can alter products and service features to the needs of particular customers?
A. Volume
B. Variety
C. Customization
D. New Product