Question 1

Which of the following defines materials requirement planning?

Accepted Answer

A)  An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value. 
C)  The active management of the distribution of materials throughout a system. 
D)  A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company. 
E)  A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory. 
A)  An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value. 
C)  The active management of the distribution of materials throughout a system. 
D)  A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company. 
E)  A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory.

Question 2

Which of the following is the first element of a supply chain management system?

Accepted Answer

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

Question 3

Define game theory. What is its importance in the study of supply chain management?

Accepted Answer

Game theory is a branch of mathematics.

Question 4

The process-modeling component of the supply chain operations reference (SCOR) model begins with five essential elements that link together the supply chain: plan, source, make, deliver, and return.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following defines CRM?

Accepted Answer

A)  An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory. 
C)  The active management of the distribution of materials throughout a system. 
D)  A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value. 
E)  A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company. 
A)  An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory. 
C)  The active management of the distribution of materials throughout a system. 
D)  A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value. 
E)  A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company.

Question 6

First-party logistics providers consist of those businesses that:

Accepted Answer

A)  provide the means of transportation, including shipping freight. 
B)  specialize in offering an array of services to simplify transportation. 
C)  wish to ship goods to a particular location. 
D)  offer services associated with facilitating customs operation and the resolution of problems associated with international transportation. 
E)  function as consultants for supply chain management logistics issues. 
A)  provide the means of transportation, including shipping freight. 
B)  specialize in offering an array of services to simplify transportation. 
C)  wish to ship goods to a particular location. 
D)  offer services associated with facilitating customs operation and the resolution of problems associated with international transportation. 
E)  function as consultants for supply chain management logistics issues.

Question 7

What are the management benefits of supply chain management system?

Accepted Answer

The management benefits of supply chain

Question 8

_____ management is not limited to the flow of goods and materials.

Accepted Answer

The answer of _____ management is not limited to the...

Question 9

The essence of lean is attempting to eliminate all forms of waste from a production or service system.

Accepted Answer

A) True 
 B)False

Question 10

The operations 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)  sales promotion, events, PR, and publicity. 
E)  lean, inventory control, and product quality. 
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)  sales promotion, events, PR, and publicity. 
E)  lean, inventory control, and product quality.

Question 11

Which of the following defines a just-in-time program?

Accepted Answer

A)  An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory. 
C)  A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value. 
D)  The active management of the distribution of materials throughout a system. 
E)  A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company. 
A)  An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory. 
C)  A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value. 
D)  The active management of the distribution of materials throughout a system. 
E)  A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company.

Question 12

How have changes in consumer demands induced the proliferation of supply chain management as a core concept for businesses?

Accepted Answer

Across the world, consumers are becoming

Question 13

The SCOR model is a comprehensive series of metrics to evaluate:

Accepted Answer

A)  the percentage of orders delivered on or before customer due dates. 
B)  those costs that change across the volume of production. 
C)  multiple business functions from purchasing to sales, billings, accounting records, and payroll. 
D)  the performance of a supply chain's operations. 
E)  waste from manufacturing and service processes. 
A)  the percentage of orders delivered on or before customer due dates. 
B)  those costs that change across the volume of production. 
C)  multiple business functions from purchasing to sales, billings, accounting records, and payroll. 
D)  the performance of a supply chain's operations. 
E)  waste from manufacturing and service processes.

Question 14

Make, advertise, move, store, and buy-these five activities are the core of any supply chain.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following defines lean methodologies?

Accepted Answer

A)  An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory. 
C)  The active management of the distribution of materials throughout a system. 
D)  A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value. 
E)  A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company. 
A)  An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory. 
C)  The active management of the distribution of materials throughout a system. 
D)  A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value. 
E)  A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company.

Question 16

When looking at the potential suppliers of a business, a firm may be aided by examining those suppliers with some form of certification.

Accepted Answer

A) True 
 B)False

Question 17

If demand decreases at the retail level, the demand will increase further up the supply chain.

Accepted Answer

A) True 
 B)False

Question 18

Win-win scenarios require mutual trust.

Accepted Answer

A) True 
 B)False

Question 19

What is a zero-sum game? Explain with examples.

Accepted Answer

Zero-sum games are those in which the to

Question 20

How has the acquisition and the operation of software packages now been made available to small businesses?

Accepted Answer

Not too long ago, the acquisition and th

Which of the following defines materials requirement planning?

Which of the following is the first element of a supply chain management system?

Define game theory. What is its importance in the study of supply chain management?

The process-modeling component of the supply chain operations reference (SCOR) model begins with five essential elements that link together the supply chain: plan, source, make, deliver, and return.

Which of the following defines CRM?

First-party logistics providers consist of those businesses that:

What are the management benefits of supply chain management system?

_____ management is not limited to the flow of goods and materials.

The essence of lean is attempting to eliminate all forms of waste from a production or service system.

The operations element of a supply chain management system involves:

Which of the following defines a just-in-time program?

How have changes in consumer demands induced the proliferation of supply chain management as a core concept for businesses?

The SCOR model is a comprehensive series of metrics to evaluate:

Make, advertise, move, store, and buy-these five activities are the core of any supply chain.

Which of the following defines lean methodologies?

When looking at the potential suppliers of a business, a firm may be aided by examining those suppliers with some form of certification.

If demand decreases at the retail level, the demand will increase further up the supply chain.

Win-win scenarios require mutual trust.

What is a zero-sum game? Explain with examples.

How has the acquisition and the operation of software packages now been made available to small businesses?

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

Which of the following defines materials requirement planning?

Which of the following is the first element of a supply chain management system?

Define game theory. What is its importance in the study of supply chain management?

The process-modeling component of the supply chain operations reference (SCOR) model begins with five essential elements that link together the supply chain: plan, source, make, deliver, and return.

Which of the following defines CRM?

First-party logistics providers consist of those businesses that:

What are the management benefits of supply chain management system?

_____ management is not limited to the flow of goods and materials.

The essence of lean is attempting to eliminate all forms of waste from a production or service system.

The operations element of a supply chain management system involves:

Which of the following defines a just-in-time program?

How have changes in consumer demands induced the proliferation of supply chain management as a core concept for businesses?

The SCOR model is a comprehensive series of metrics to evaluate:

Make, advertise, move, store, and buy-these five activities are the core of any supply chain.

Which of the following defines lean methodologies?

When looking at the potential suppliers of a business, a firm may be aided by examining those suppliers with some form of certification.

If demand decreases at the retail level, the demand will increase further up the supply chain.

Win-win scenarios require mutual trust.

What is a zero-sum game? Explain with examples.

How has the acquisition and the operation of software packages now been made available to small businesses?

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