Term
Which of the following statements are NOT correct regarding agile business systems?
A)Agile business systems result in the timely offering of goods desired by customers in the appropriate styles, quantities, and qualities.
B)Agile business systems require flexible supply and distribution systems.
C)Agile business systems do not involve any information technology.
D)Agile business systems are associated with concepts of just-in-time inventory management. |
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Definition
| B)Agile business systems require flexible supply and distribution systems |
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Term
| (T/F) Training is a relatively short-term activity, in which employees are taught how to do specific tasks. In contrast, learning is the result of educating for longer- term outcomes. |
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Definition
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Term
| (T/F)An effective supply chain system can help organizations to increase their competitive advantages. |
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Definition
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Term
The goals of merchandising technology include which of the following?
A. Time savings
B. Increasing accuracy of information
C. Lowering levels of inventory and deduce carrying costs
D. All of the above |
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Definition
D)
A. Time savings
B. Increasing accuracy of information
C. Lowering levels of inventory and deduce carrying costs |
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Term
| (T/F)According to the notes of this chapter, merchandising technology is defined as "systematic application of information, knowledge, and techniques to merchandising in ways that reflect social and cultural value.” |
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Definition
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Term
| (T/F)When a customer makes a purchase at a retail store, a POS system can be used to record the sale. |
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Definition
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Term
Goals of supply chain management include which of the followings?
A. To increase the speed with which merchandise gets to customer
B. To assist knowledgesharing among companies
C. To assist product production and distribution
D. All of the above |
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Definition
D)
A. To increase the speed with which merchandise gets to customer
B. To assist knowledgesharing among companies
C. To assist product production and distribution |
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Term
Which of the following statements are correct regarding data integrity?
A. Data integrity does not involve any information technology
B. Data integrity is very easy to maintain
C. Data integrity is achieved when merchandise reality is accurately presented, e.g., when every activity relative to a product is correctly recorded
D. All of the above are correct |
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Definition
| C)Data integrity is achieved when merchandise reality is accurately presented, e.g., when every activity relative to a product is correctly recorded |
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Term
RFID tags can:
A. Increase speed sales
B. Replace bar codes and EDI
C. Both a and b
D. None of the above |
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Definition
C)
A. Increase speed sales
B. Replace bar codes and EDI |
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Term
Roger outlines two stages for the adoption of innovations within an organization, including:
A. Invention and initiation
B. Initiation and implementation
C. Invention and implementation
D. Invention and diffusion |
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Definition
| B. Initiation and implementation |
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Term
| Executive, Merchandising, Marketing, Operations, Finance, Quick Response/Supply Chain |
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Definition
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Term
| Share holders, community members(groups), suppliers, employee groups, customers, retail outlets |
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Definition
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Term
| requires paradigm shift, management style, thinking. a competitive strategy. increased resource investment. |
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Definition
| Quick Response(QR)/Supply Chain |
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Term
| Any tool, technique, product, process, equipment or method that extends human capability. |
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Definition
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Term
| Systematic application of INFORMATION, KNOWLEDGE, AND TECHNIQUES to merchandising in ways that reflect social and cultural value. |
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Definition
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Term
| Reduction in inventory, small lot orders, EDI confirmation, shade sorting of fabric lots, reduced wait time, eliminate redundant quality testing. |
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Definition
Apparel Industry: Common Supply Chain Strategies:
Textile to Apparel Manufacturers |
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Term
| Flexible manufacturing, automation of sewing, production processes, bar coding of fabric, garment section groups, garment handling and transport, garment dying of products |
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Definition
Apparel Industry: Common Supply Chain Strategies:
Production Processes |
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Term
| Garment design (CAD). Bar coding of finished garments. product information, labeling. EDI order confirmation. Receive POS information. Forecasting with retailer. |
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Definition
Apparel Industry: Common Supply Chain Strategies:
Apparel Manufacturers to Retailers |
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Term
| Quick Response (QR) or supply chain |
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Definition
A comprehensive business strategy:
-Time based competition
-Agility
-Alliances (partnering) supply and distribution
-Customer Service
-Information Sharing
-Accuracy |
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