What is the frozen time fence in the process of scheduling and managing the execution of activities required to create a product?

• A.A barrier that prevents any changes from being made without senior management approval
• B.A timeline that outlines when certain parts or product formulations need to be produced
• C.A standard for setup and run in the factory layout
• D.A metric used to measure the effectiveness of intermediate production or value-adding activities

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Which type of scorecard gap analysis is used to calculate the competitive gap by subtracting the actual performance from the parity or competitive benchmark?

• A.Pareto analysis
• B.Top-down process
• C.SWOT analysis
• D.Bottom-up process

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A company undergoing a supply chain transformation is working on developing enhanced metrics to measure digital supply chain performance. Which of the following criteria best illustrates the evolution of traditional metrics?

• A.Deployment of perfect order metrics across the extended supply chain by capturing customer performance data
• B.Measuring average operating margin per employee by product line
• C.On-hand inventory at greater risk of obsolescence as indicated by predictive modeling tools
• D.Increase in profitability per employee due to continuous improvement projects

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The most prominent characteristic of a digital supply chain is:

• A.orientation towards perfect order fulfillment.
• B.focus on demand simulation while managing costs.
• C.optimal lot-sizing during replenishment.
• D.access to latest point-of-sale (POS) data across the network.

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Which of the following examples represents a risk avoidance strategy?

• A.Postponed product differentiation
• B.Hedging procurement of raw materials
• C.Mitigation of uncertain market events
• D.Delay of entry into a market or market segment

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