SCM 308 CH3

Which of the following are among the current supply chain challenges and risks:

• Lack of transparency and sudden changes in demand.

• Lack of currency

• Lack of warehouse management systems

• Lack of inventory management systems

Parameters for an optimal supply chain include the following:

• Warehouse and inventory management systems.

• Transparency, Flexibility, Trust and control.

• Lean and agile supply chain management

• Bloch chain

With blockchain, we need for a trusted third party to guarantee the fidelity and security of a record of data.

• True             

• False

The goal of -------------------- is to allow digital information to be recorded and distributed, but not edited.

• Blockchain

• Internet of Things (IoT)

• Supply chain

• Internet

The ---------------------- describes the network of physical objects—that are embedded with sensors for the purpose of connecting and exchanging data with other devices and systems over the internet.

• Internet of Things (IoT)

• Block chain

• Supply chain

• Technology

Internet of Things (IoT) links physical world to digital world, allowing decisions to be safely made, and behaviors to be effectively adapted.

• True             

• False

IoT acts complementarily to blockchain technology, allowing systems and users to aggregate data, analyze trends and perform preventive monitoring.

• True             

• False

Qualities of blockchain technology are responsible for increasing innovation potential of all major industries.

• True             

• False

 One of the main advantages of IOT and block chain in supply chain is to increase capacity to control and verify flows from suppliers.

• True             

• False

IOT and block chain cannot be used in food industry supply chain.

• True             

• False