Use IoT device data to make better business decisions

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Reference no: EM132163148

1. Demonstrate how data from an IoT device can be transformed into information and business intelligence.

2. Propose a plan for how a start-up company can use IoT device data to make better business decisions.

3. The bullwhip leads to an downward stream impact eventually all the way to the

A. Distributor

B. Wholesaler

C. Customer

D. Retailer

Please explain why.

4. An example of Lean Manufacturing could best be described as...

Starbucks deciding to manufacture only coffee beans and not the cups/straws.

BMW having all suppliers within 10 miles to maintain low inventories

Heinz-Kraft merger which allowed for the leveraging of economies of scale/price reduction.

Miller Beer Company using common distribution capabilities as Busch Beer Co.

Please explain.

Reference no: EM132163148

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