Quiz 1
Multiple Choice Questions (MCQs)
1. What is the primary way Walmart uses data analytics to manage its inventory?
o a) Manual restocking
o b) Predictive analytics for customer preferences
o c) Automated restocking based on real-time data
o d) Hiring more staff to handle stock
Answer: c) Automated restocking based on real-time data
2. How does Walmart optimize its pricing strategy using data analytics?
o a) By setting fixed prices for all products
o b) Through dynamic pricing based on competitor prices and demand
o c) By offering random discounts
o d) By adjusting prices once a year
Answer: b) Through dynamic pricing based on competitor prices and demand
3. Which system allows Walmart’s suppliers to monitor real-time sales data and
optimize their supply chain?
o a) Oracle Analytics
o b) Amazon Web Services
o c) Retail Link
o d) Supplier Dashboard
Answer: c) Retail Link
4. What data does Walmart use to optimize store layouts and product placement?
o a) Customer surveys
o b) Social media trends
o c) Heat maps of customer movement in stores
o d) Employee suggestions
Answer: c) Heat maps of customer movement in stores
5. How does Walmart reduce energy consumption in its stores using data analytics?
o a) By reducing store operating hours
o b) Through predictive maintenance on HVAC systems
o c) By switching to renewable energy sources
o d) By automating lighting and HVAC systems based on data
Answer: d) By automating lighting and HVAC systems based on data
6. Which of the following is a benefit of Walmart's supplier analytics?
o a) Increasing product prices
o b) Improving supplier performance and reducing lead times
o c) Reducing supplier collaboration
o d) Limiting inventory levels
Answer: b) Improving supplier performance and reducing lead times
7. How does Walmart use predictive analytics for e-commerce?
o a) To recommend products based on customer browsing history
o b) To limit customer access to certain products
o c) To avoid discounts during the holidays
o d) To predict which customers will return products
Answer: a) To recommend products based on customer browsing history
True/False Questions
8. Walmart uses dynamic pricing to adjust product prices in real-time based on
market demand and competitor prices.
o True
o False
Answer: True
9. Walmart does not share its sales and inventory data with suppliers for supply
chain optimization.
o True
o False
Answer: False
10. Heat maps are used in Walmart stores to track customer movement and
optimize product placement.
o True
o False
Answer: True
Short Answer Questions
11. Explain how Walmart uses predictive maintenance in its stores.
o Answer: Walmart uses predictive maintenance by analyzing data from store
equipment (such as refrigerators and self-checkout machines) to predict when
maintenance is needed. This reduces downtime, prevents equipment failure,
and saves costs on emergency repairs.
12. How does Walmart use customer segmentation to improve targeted marketing?
o Answer: Walmart segments its customers based on purchasing behavior,
preferences, and demographics. This allows them to create personalized
marketing campaigns and product recommendations, which increases the
likelihood of purchases and boosts customer retention.
13. What is the role of data analytics in Walmart's e-commerce platform?
o Answer: Data analytics helps Walmart’s e-commerce platform by predicting
customer preferences, recommending products based on past purchases and
browsing behavior, and optimizing delivery routes to minimize logistics costs.
Fill in the Blanks
14. Walmart's system for providing suppliers with real-time sales data is called
_______.
o Answer: Retail Link
15. Walmart reduces inventory costs by using _______ analytics to forecast demand
and automate restocking.
o Answer: Predictive
These questions cover different aspects of how Walmart uses data analytics to drive
efficiency, increase profits, and enhance the customer experience.
