VSCC - Supply Chain Innovation

IoT desribes objects with sensors and actuators communicate with computing systems through networks.

• True

• False

Which of the following is NOT an example of supply chain automation technology?

• AGVs

• ASRS

• RFID

• NFIS

Which is NOT key factors of Digital Transformation?

• Leadership

• Market Research

• Vision

• Investment

Information is unorganized and unrefined facts while data comprises processed, organized data presented in a meaningful context.

• True

• False

Answer explanation

Data is unorganized and unrefined facts while information comprises processed, organized data presented in a meaningful context.

Which type of analytics focuses on understanding "What happened?" with the company?

• Descriptive Analytics

• Diagnostic Analytics

• Prescriptive Analytics

• Predictive Analytics

Answer explanation

Which of the following is NOT a data analysis tool?

• Power BI

• Power Point

• Python

• SQL

"Why did it happen?" is the central question in which type of analytics?

• 
  Descriptive Analytics

• Prescriptive Analytics

• Diagnostic Analytics

• Predictive Analytics

Answer explanation

Which statement is true?

• Data doesn’t depend on information.

• Data depends on information.

• Information doesn’t depend on data.

• None of the above is true.

Raw data alone is insufficient for decision making while information is sufficient for decision making.

• True

• False

Which of the below is the limitation of a Traditional Supply Chain?

• Limited visibility

• All of the above

• Lack of real-time data updates

• Less responsive to changing market conditions