Question 1

Delivery refers to the percentage of orders delivered on or after customer due dates.

Accepted Answer

A) True 
 B)False

Question 2

Explain the prisoner's dilemma.

Accepted Answer

The prisoner's dilemma hypothesizes that

Question 3

The adoption of a supply chain management perspective poses no risks.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following elements of supply chain management system deals with activities such as logistics and warehousing?

Accepted Answer

A)  Distribution 
B)  Operations 
C)  Integration 
D)  Procurement 
E)  Innovation 
A)  Distribution 
B)  Operations 
C)  Integration 
D)  Procurement 
E)  Innovation

Question 5

Supply chain management is appropriate only for large businesses.

Accepted Answer

A) True 
 B)False

Question 6

In the process-modeling component of a SCOR model, "source" refers to:

Accepted Answer

A)  those processes associated with the design of the supply chain, planning activities associated with the other four processes, and the implementation of all these plans. 
B)  the ordering and the acquisition of goods and services to meet anticipated demand, including purchase orders, scheduling, receipts, and storage. 
C)  those processes used to create the product or the service, including, for example, make to stock, make to order, or engineer to order. 
D)  those processes associated with the development and the fulfillment of customer orders, including scheduling, packaging, and shipping all orders. 
E)  refers to those processes associated with the return of finished products by a customer. 
A)  those processes associated with the design of the supply chain, planning activities associated with the other four processes, and the implementation of all these plans. 
B)  the ordering and the acquisition of goods and services to meet anticipated demand, including purchase orders, scheduling, receipts, and storage. 
C)  those processes used to create the product or the service, including, for example, make to stock, make to order, or engineer to order. 
D)  those processes associated with the development and the fulfillment of customer orders, including scheduling, packaging, and shipping all orders. 
E)  refers to those processes associated with the return of finished products by a customer.

Question 7

_____ refers to the ability to electronically transfer large "packets" of data across various locations and programs.

Accepted Answer

Electronic

Question 8

The procurement element of a supply chain management system involves:

Accepted Answer

A)  purchase of components, supplier selection, and strategic alliances. 
B)  coordination, measurement, and control across the entire supply chain. 
C)  transportation, CRM, and logistics parties. 
D)  lean, inventory control, and product quality. 
E)  sales promotion, events, PR, and publicity. 
A)  purchase of components, supplier selection, and strategic alliances. 
B)  coordination, measurement, and control across the entire supply chain. 
C)  transportation, CRM, and logistics parties. 
D)  lean, inventory control, and product quality. 
E)  sales promotion, events, PR, and publicity.

Question 9

In game theory's non-zero-sum model, it is possible to produce win-win scenarios for multiple players.

Accepted Answer

A) True 
 B)False

Question 10

The advent of cloud computing can make supply chain management systems available for small businesses.

Accepted Answer

A) True 
 B)False

Question 11

Cash-to-cash cycle time refers to:

Accepted Answer

A)  the amount of time required to handle a significant ramp up in production. 
B)  the amount of time needed for turning a firm's inputs into goods and services. 
C)  the time between when an organization purchases raw materials and when they are paid by the customer. 
D)  the amount of time required for maximizing the benefits from successful supply chain management. 
E)  the amount of time needed to eliminate excess waste and reduce inventory to a minimal level. 
A)  the amount of time required to handle a significant ramp up in production. 
B)  the amount of time needed for turning a firm's inputs into goods and services. 
C)  the time between when an organization purchases raw materials and when they are paid by the customer. 
D)  the amount of time required for maximizing the benefits from successful supply chain management. 
E)  the amount of time needed to eliminate excess waste and reduce inventory to a minimal level.

Question 12

Mention the key issues in procurement, a key element of a supply chain.

Accepted Answer

The key issue in procurement is how one

Question 13

Businesses must consider the relative power of both their suppliers and their customers.

Accepted Answer

A) True 
 B)False

Question 14

Business process reengineering refers to:

Accepted Answer

A)  a program in which the supervisor and the subordinate sit down and map out the objectives for the subordinate to accomplish in the upcoming year. 
B)  an organization that is able to adapt to changing situations and pressures; it places a premium on organizations and individuals that can learn from the environment. 
C)  a program where a business looks at the world leaders in particular processes and attempts to emulate them. 
D)  a type of organizationalin which people with similar skills are pooled for work assignments. 
E)  a management program that analyzes the processes of a business and tries to redesign them so that all non-value-added activities are eliminated. 
A)  a program in which the supervisor and the subordinate sit down and map out the objectives for the subordinate to accomplish in the upcoming year. 
B)  an organization that is able to adapt to changing situations and pressures; it places a premium on organizations and individuals that can learn from the environment. 
C)  a program where a business looks at the world leaders in particular processes and attempts to emulate them. 
D)  a type of organizationalin which people with similar skills are pooled for work assignments. 
E)  a management program that analyzes the processes of a business and tries to redesign them so that all non-value-added activities are eliminated.

Question 15

Explain the supply chain operations reference (SCOR) model.

Accepted Answer

The supply chain operations reference (S

Question 16

The _____ effect recognizes that the amplitude of inventory swings increases as one travels up the supply chain because each element of the supply chain is a relatively narrow focus of just trying to meet the needs of their customers.

Accepted Answer

The answer of The _____ effect recognizes that the amplitude...

Question 17

The _____ involves the integration of goods, finances, and information from the initial supplier to the final customer.

Accepted Answer

The answer of The _____ involves the integration of goods,...

Question 18

An enterprise resource planning (ERP) system:

Accepted Answer

A)  seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  schedules the production of goods and takes into consideration the available and the required inventory. 
C)  eliminates waste from manufacturing and service processes and provides greater customer value. 
D)  integrates multiple business functions from purchasing to sales, billings, accounting records, and payroll. 
E)  hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company. 
A)  seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  schedules the production of goods and takes into consideration the available and the required inventory. 
C)  eliminates waste from manufacturing and service processes and provides greater customer value. 
D)  integrates multiple business functions from purchasing to sales, billings, accounting records, and payroll. 
E)  hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company.

Question 19

Suppliers have power when the cost of switching to an alternative supplier is expensive.

Accepted Answer

A) True 
 B)False

Question 20

Explain why businesses need to strive toward win-win scenarios with their supplier partners.

Accepted Answer

In the prisoner's dilemma, the key to ac

Delivery refers to the percentage of orders delivered on or after customer due dates.

Explain the prisoner's dilemma.

The adoption of a supply chain management perspective poses no risks.

Which of the following elements of supply chain management system deals with activities such as logistics and warehousing?

Supply chain management is appropriate only for large businesses.

In the process-modeling component of a SCOR model, "source" refers to:

_____ refers to the ability to electronically transfer large "packets" of data across various locations and programs.

The procurement element of a supply chain management system involves:

In game theory's non-zero-sum model, it is possible to produce win-win scenarios for multiple players.

The advent of cloud computing can make supply chain management systems available for small businesses.

Cash-to-cash cycle time refers to:

Mention the key issues in procurement, a key element of a supply chain.

Businesses must consider the relative power of both their suppliers and their customers.

Business process reengineering refers to:

Explain the supply chain operations reference (SCOR) model.

The _____ effect recognizes that the amplitude of inventory swings increases as one travels up the supply chain because each element of the supply chain is a relatively narrow focus of just trying to meet the needs of their customers.

The _____ involves the integration of goods, finances, and information from the initial supplier to the final customer.

An enterprise resource planning (ERP) system:

Suppliers have power when the cost of switching to an alternative supplier is expensive.

Explain why businesses need to strive toward win-win scenarios with their supplier partners.

Foundations for Small Business

Your Business Idea: the Quest for Value

Family Businesses

E-Business and E-Commerce

The Business Plan

Marketing Basics

Marketing Strategy

The Marketing Plan

Accounting and Cash Flow

Financial Management

People and Organization

The Search for Efficiency and Effectiveness

Icebergs and Escapes

Going Global: Yes or No

Filters

Exam 11: Supply Chain Management: You Better Get It Right

Delivery refers to the percentage of orders delivered on or after customer due dates.

Explain the prisoner's dilemma.

The adoption of a supply chain management perspective poses no risks.

Which of the following elements of supply chain management system deals with activities such as logistics and warehousing?

Supply chain management is appropriate only for large businesses.

In the process-modeling component of a SCOR model, "source" refers to:

_____ refers to the ability to electronically transfer large "packets" of data across various locations and programs.

The procurement element of a supply chain management system involves:

In game theory's non-zero-sum model, it is possible to produce win-win scenarios for multiple players.

The advent of cloud computing can make supply chain management systems available for small businesses.

Cash-to-cash cycle time refers to:

Mention the key issues in procurement, a key element of a supply chain.

Businesses must consider the relative power of both their suppliers and their customers.

Business process reengineering refers to:

Explain the supply chain operations reference (SCOR) model.

The _____ effect recognizes that the amplitude of inventory swings increases as one travels up the supply chain because each element of the supply chain is a relatively narrow focus of just trying to meet the needs of their customers.

The _____ involves the integration of goods, finances, and information from the initial supplier to the final customer.

An enterprise resource planning (ERP) system:

Suppliers have power when the cost of switching to an alternative supplier is expensive.

Explain why businesses need to strive toward win-win scenarios with their supplier partners.

Foundations for Small Business

Your Business Idea: the Quest for Value

Family Businesses

E-Business and E-Commerce

The Business Plan

Marketing Basics

Marketing Strategy

The Marketing Plan

Accounting and Cash Flow

Financial Management

People and Organization

The Search for Efficiency and Effectiveness

Icebergs and Escapes

Going Global: Yes or No

Filters