Question: If you mark a statement as False, write in the correction for full marks. Statement True or False? (If False, what is the corrected answer?)

If you mark a statement as False, write in the correction for full marks.

Statement

True or False? (If False, what is the corrected answer?)

1. Pull systems are most applicable under conditions of low uncertainty, long lead times and where economies of scale are important.

2. Big data analytics is the analysis of data originating from different sources to identify patterns and trends, according to which managers could make informed decisions.

3. Capacity Utilization measures the degree to which resources are converted into work versus their potential to do so.

4. Insight evolves from a unique understanding of the relationships between factors that create value revealed through previously undiscovered patterns of data.

5. The singular key distinction between Derivative and Platform projects is that in one case the market perceives the product as having improved benefits while in the other case the perception is new benefits.

6. Data management Systems such as EMI leverage the declining cost of digital storage and ubiquity of digital capture devices that have resulted in exponential growth of unstructured external data.

7. Cycle view of the supply chain shows the processes in a supply chain divided in a series of cycles, each performed at the interface between two successive stages of the supply chain.

8. Resource pooling is an important strategy in managing efficient supply chains.

9. Big data analytics differed from conventional analytical approaches such as business intelligence in four ways: volume, variety, velocity, and variability.

10. Customer order entry point characterizes the operation of the supply chain in terms of a push/pull system.

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