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Questions and Answers of
Management Accounting
What is “reputational risk”, and why is it particularly impor-tant in a supply chain context?
Enumerate and briefly describe three typical tools and methods that can be used for risk identification.
What are the four focus areas of risk analysis?
Explain the difference between qualitative and quantitative risk analysis. Which tools and methods can be used, respectively?
Explain the concept of Value-at-risk (VaR) as a key risk measure. How is VaR typically calculated?
Explain why the diverse risks of a business should never be considered in isolation but rather in an integrated approach.
What is the difference between accepting and ignoring a risk? Why is risk ignorance not a suitable risk response?
Explain the concept of insurance as a typical risk transfer strategy.
When should firms transfer risks to other partners in their supply chain? What are the key factors to consider when transferring risks to other parties?
How can supply chain design decisions contribute to strate-gic risk response planning?
What are the pros and cons of buffers or redundant resources from a risk perspective as well as from an efficiency perspective?
How does collaborative risk management differ from company-centric risk management?
Explain why performance measurement is especially complex in supply chain networks!
Buy-Smart is a successful business-to-business wholesaler, serving the needs of traders, hotels, restaurants, caterers, and offices. They offer a wide variety of merchan-dise ranging from groceries,
What are the three different perspectives that performance measurement can take in a supply chain environment?
BAT-Systems Inc. is a provider of soft and hardware solutions for battery manage-ment in electric cars, headquartered in Helsinki. While the market for battery-powered vehicles is growing sharply,
Explain the conceptual difference between a performance measure and a performance indicator.
Ventus Power Systems is a successful German producer of wind turbines and has gained a reputation as the market leader and technological pacesetter in the industry. Right from its start, Ventus’
Name and explain the features of “good” supply chain measures!
What business goals in supply chains exist, and why do they sometimes conflict with each other? Provide at least one example of such a conflict/ trade-off!
Which cost components are included in total delivered cost (TDC)?
Explain how cost to serve (CTS) can support management in customer profitability analysis.
Explain the role of net working capital (NWC) in measuring the performance of a single entity in a supply chain (micro view)! Can NWC also be used as a performance measure at the supply chain level
Name and describe three performance measures of your own choice that assess quality at the single entity level.
Name and describe three performance measures of your own choice that assess speed or time at the single entity level.
Which performance measures would you recommend to assess the service focus at the single entity level? Why?
Explain which cost items cannot be easily summed up when measuring the performance of a whole supply chain (macro level).
Argue why customer satisfaction should not only be moni-tored by the company at the end of the supply chain but also by the other supply chain partners.
Explain the performance measure supply chain time to market (SCTTM). For which industries is a short SCTTM particularly important?
Choose and explain two performance measures to evaluate the intensity of the collaboration between two supply chain partners.
What is “resident engineering”?
How can trust be measured in performance measurement? Can trust be quantified?
What is vendor-managed inventory (VMI)? Explain the role of trust in VMI.
What is the advantage of performance measurement systems over the use of isolated performance measures?
With the help of the DuPont system, argue how the avoid-ance of excess capacity can increase the return on assets.
Explain the SCOR model and how it can be used for performance measurement.
Can the original balanced scorecard by Kaplan and Norton be applied in a supply chain setting? Why or why not?
Outline the supply chain management performance frame-work by Brewer and Speh (2000). How does it differ from a traditional balanced scorecard?
Outline the supply chain scorecard by Werner (2017). What is the role of the integration perspective?
What are the common weaknesses of performance measure-ment in supply chains?
Define the terms digitization, digitalization and digital transformation.
In-and-Out Inc. is a newcomer in the online fashion retail business. The company has become very well-known thanks to its innovative styles and the support of several social media influencers, and it
Explain the benefits that digitization of data and information can bring to businesses.
Leymann Ltd. is a multinational enterprise with over 1600 employees, which has its headquarter in Cologne, Germany. Founded in 1850, this company has been a pioneer in vacuum technologies. Today,
How do ERP systems support the MAC function?
Provide an example of the disruptive potential of digital technologies.
What is a digital supply chain?
Name at least four digital technologies that can play a role in digital supply chains!
What problems can companies encounter when they digitalize supply chains?
Explain the term “big data” and how it is linked to manage-ment accounting.
Distinguish business analytics from business intelligence.
Explain machine learning and how it can assist in manage-ment accounting.
What is Robotic Process Automation (RPA) and in what type of work environment is it most effectively used?
How can Artificial Intelligence support management accountants?
Does Artificial Intelligence make management accountants obsolete?
What is a supply chain control tower?
How can a smart warehouse improve supply chain operations?
Describe current shortcomings of digital twins in supply chain management accounting.
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