16.5 Chapter 16 Assessment

Conceptual Questions

1. Section 16.1 Introduction:
   • Question: How do reactive and proactive approaches to deploying technology in supply chain management differ, and what impact do they have on business processes?
2. Section 16.2 Enterprise Resource Planning (ERP):
   • Question: What are the key differences between all-in-one ERP solutions and best-of-breed ERP solutions?
3. Section 16.2.2 On-premise vs Cloud Hosting:
   • Question: What are the primary considerations for a company when choosing between an on-premise ERP system and a cloud-based ERP system?
4. Section 16.3 Identification Technologies:
   • Question: How do barcodes and RFID technologies differ in terms of application and limitations in supply chain management?
5. Section 16.4 Machine Learning and Artificial Intelligence in Supply Chain Management:
   • Question: What are the primary benefits of using Machine Learning (ML) and Artificial Intelligence (AI) in supply chain management?

Situational Questions

1. Situation: A mid-sized manufacturing company is considering implementing an ERP system but is concerned about the initial cost and the complexity of managing the system. They are unsure whether to choose an on-premise or cloud-based solution. What factors should they consider, and what would you recommend?
2. Situation: A retail company is experiencing frequent stockouts and overstock situations due to inaccurate demand forecasting. They are considering using Machine Learning (ML) to improve their demand forecasting accuracy. How could ML help address their issues, and what challenges might they face in implementing it?