; changing plans quickly mainly improves flexibility.","points":null},{"id":"52bedaaa-64c1-4cb2-857a-cb56bf770791","cardType":"basic","front":"Which technology gives retailers checkout data on what sold, where and when?","back":"EPOS data.","points":1},{"id":"6af92be6-d41b-4778-a6c0-6b4bb2dd2a89","cardType":"basic","front":"What do barcodes and RFID tags help a business do?","back":"Identify and track products.","points":1},{"id":"b0d4fa61-32ac-445a-852d-3ec9a59610cd","cardType":"basic","front":"How does AI demand forecasting improve inventory decisions?","back":"It uses data patterns to predict future demand.","points":2},{"id":"56c04492-872e-4d82-ac57-e2232b775e5f","cardType":"basic","front":"How can automated re-ordering reduce stock-outs?","back":"It triggers orders when stock reaches a chosen level.","points":2},{"id":"21233d20-643e-46bf-9b90-0bb5e61946f9","cardType":"cloze","front":"A [ ] happens when customers want a product but it is unavailable.","back":"A stock-out happens when customers want a product but it is unavailable.","points":null},{"id":"6a5c509a-4a4a-494f-b9ab-a2d0e8f558f5","cardType":"basic","front":"How can better forecasting reduce waste for a food retailer?","back":"It reduces unsold perishable stock.","points":2},{"id":"ec24b19a-a367-4083-820c-d05e9551bdaa","cardType":"basic","front":"Why is minimum stock not the aim of inventory management?","back":"Too little stock can cause lost sales and damaged loyalty.","points":2},{"id":"72bad753-8526-45d0-b8ed-e8d15674fbd8","cardType":"basic","front":"Overstock falls from 10% to 3% of 2,000 weekly units. How many excess units are removed?","back":"140 units: $2{,}000 \\times 0.07 = 140$.","points":2},{"id":"5bf46082-9c11-4512-af45-29e594e7f60c","cardType":"basic","front":"How do supplier portals improve supply chain coordination?","back":"They share order, delivery and stock information.","points":2},{"id":"0a6e0817-d1e4-45ec-aabe-7a120d512119","cardType":"basic","front":"Which supply chain technologies show where goods are?","back":"Tracking systems, such as GPS and internet-connected sensors.","points":1},{"id":"58342a12-9502-48fb-8eef-ad90b23c0b09","cardType":"cloze","front":"Predictive analytics uses data to predict likely [ ] or [ ] in a supply chain.","back":"Predictive analytics uses data to predict likely delays or shortages in a supply chain.","points":null},{"id":"a97ae4c0-f791-4166-ae6d-aae33d1fe1e8","cardType":"basic","front":"How can AI route optimisation reduce operating costs?","back":"It chooses routes that reduce fuel use.","points":2},{"id":"29968d30-9dd8-4c38-a025-caf7ff1e91fa","cardType":"basic","front":"Why is supply chain visibility not the same as control?","back":"It may show a delay, but not remove it.","points":2},{"id":"3c7ed47a-b528-4d39-91d7-33d6d3bcb228","cardType":"basic","front":"Fuel spend is £18,000/month. AI saves 8% fuel but costs £900/month. What is the net monthly saving?","back":"£540: £1,440 fuel saving - £900 software cost.","points":2},{"id":"b7646348-45c8-4623-bf0c-ce56aa7e16a9","cardType":"cloze","front":"Automation uses machinery or software to carry out tasks with limited [ ].","back":"Automation uses machinery or software to carry out tasks with limited human intervention.","points":null},{"id":"1534abc7-8764-4261-990e-403212ff7c85","cardType":"basic","front":"What type of operations are especially suited to automation?","back":"Standardised, high-volume operations.","points":1},{"id":"8aeaf9b7-7d98-41db-8ab9-d607cc669edd","cardType":"cloze","front":"Automation is most likely to cut unit costs when output is high enough to spread [ ]

Impact of technology on operations Flashcards

Impact of technology on operations Flashcards