Question 1

As a company increases the scope of an outsourced process, the risk to the company decreases.

Accepted Answer

A) True 
 B)False  False

Question 2

Operations strategy involves decisions about which suppliers to utilize.

Accepted Answer

A) True 
 B)False  False

Question 3

When designing a SCM strategy, mimicking a market leader always leads to success.

Accepted Answer

A) True 
 B)False  False

Question 4

Building blocks of SCM strategy include:

Accepted Answer

A)  Operations 
B)  Distribution 
C)  Sourcing 
D)  Customer service 
E)  All of the above 
A)  Operations 
B)  Distribution 
C)  Sourcing 
D)  Customer service 
E)  All of the above

Question 5

Ways that companies can gain a value advantage include:

Accepted Answer

A)  Value-segmenting 
B)  Supplier relationship management 
C)  Service and support 
D)  Lowest cost 
E)  a and c g 
A)  Value-segmenting 
B)  Supplier relationship management 
C)  Service and support 
D)  Lowest cost 
E)  a and c g

Question 6

The most effective strategy when there are many variations of the end product is:

Accepted Answer

A)  Make-to-order 
B)  Assemble-to-order 
C)  Make-to-stock 
D)  Adaptability 
E)  None of the above 
A)  Make-to-order 
B)  Assemble-to-order 
C)  Make-to-stock 
D)  Adaptability 
E)  None of the above

Question 7

Describe how SCM can provide both a cost and value advantage over competitors.

Accepted Answer

Cost advantages include reduced costs th

Question 8

How a company competes in the marketplace is defined as:

Accepted Answer

A)  Operations strategy 
B)  Market segmentation 
C)  Competitive priority 
D)  Alliance development 
E)  All of the above 
A)  Operations strategy 
B)  Market segmentation 
C)  Competitive priority 
D)  Alliance development 
E)  All of the above

Question 9

The make to order operations strategy typically requires longer customer lead times.

Accepted Answer

A) True 
 B)False

Question 10

In defining a distribution strategy, a company must consider the importance of channel intermediaries including:

Accepted Answer

A)  Suppliers and manufacturers 
B)  Suppliers and customers 
C)  Retailers and distributors 
D)  Distributors and suppliers 
E)  None of the above 
A)  Suppliers and manufacturers 
B)  Suppliers and customers 
C)  Retailers and distributors 
D)  Distributors and suppliers 
E)  None of the above

Question 11

Customer service strategies should be developed based on market segmentation.

Accepted Answer

A) True 
 B)False

Question 12

The ability to adapt strategies to a changing environment is the same for all industries.

Accepted Answer

A) True 
 B)False

Question 13

Without substantial market influence, there are very few strategies for small firms to compete.

Accepted Answer

A) True 
 B)False

Question 14

An order qualifier is an attribute that is a must-have for a company to compete in the marketplace.

Accepted Answer

A) True 
 B)False

Question 15

A worker can produce 1000 units during an 8 hour shift, thus the productivity of that worker is:

Accepted Answer

A)  100 units/hour 
B)  80 units/hour 
C)  800 units/hour 
D)  125 units/hour 
E)  None of the above 
A)  100 units/hour 
B)  80 units/hour 
C)  800 units/hour 
D)  125 units/hour 
E)  None of the above

Question 16

SCM competitive advantage can be derived from two primary areas:

Accepted Answer

A)  Cost and value 
B)  Suppliers and customers 
C)  Productivity and sustainability 
D)  Logistics and marketing 
E)  Responsiveness and relationship management 
A)  Cost and value 
B)  Suppliers and customers 
C)  Productivity and sustainability 
D)  Logistics and marketing 
E)  Responsiveness and relationship management

Question 17

An assemble to order operations strategy allows firms to lower inventory costs.

Accepted Answer

A) True 
 B)False

Question 18

A company's SCM strategy should align with its business strategy. Provide an example of a business strategy and the SCM strategy that would support it.

Accepted Answer

A company's business strategy could be t

Question 19

All industries should strive to implement a make to order strategy because this strategy provides the highest level of customer service.

Accepted Answer

A) True 
 B)False

Question 20

Sourcing strategy involves decisions about outsourcing.

Accepted Answer

A) True 
 B)False

As a company increases the scope of an outsourced process, the risk to the company decreases.

Operations strategy involves decisions about which suppliers to utilize.

When designing a SCM strategy, mimicking a market leader always leads to success.

Building blocks of SCM strategy include:

Ways that companies can gain a value advantage include:

The most effective strategy when there are many variations of the end product is:

Describe how SCM can provide both a cost and value advantage over competitors.

How a company competes in the marketplace is defined as:

The make to order operations strategy typically requires longer customer lead times.

In defining a distribution strategy, a company must consider the importance of channel intermediaries including:

Customer service strategies should be developed based on market segmentation.

The ability to adapt strategies to a changing environment is the same for all industries.

Without substantial market influence, there are very few strategies for small firms to compete.

An order qualifier is an attribute that is a must-have for a company to compete in the marketplace.

A worker can produce 1000 units during an 8 hour shift, thus the productivity of that worker is:

SCM competitive advantage can be derived from two primary areas:

An assemble to order operations strategy allows firms to lower inventory costs.

A company's SCM strategy should align with its business strategy. Provide an example of a business strategy and the SCM strategy that would support it.

All industries should strive to implement a make to order strategy because this strategy provides the highest level of customer service.

Sourcing strategy involves decisions about outsourcing.

Introduction to Supply Chain Management

Network and System Design

Marketing

Operations Management

Sourcing

Logistics

Forecasting Demand Planning

Inventory Management

Lean Systems and Six-Sigma Quality

Supply Chain Relationship Management

Global Supply Chain Management

Sustainable Supply Chain Management

Filters

Exam 2: Supply Chain Strategy

As a company increases the scope of an outsourced process, the risk to the company decreases.

Operations strategy involves decisions about which suppliers to utilize.

When designing a SCM strategy, mimicking a market leader always leads to success.

Building blocks of SCM strategy include:

Ways that companies can gain a value advantage include:

The most effective strategy when there are many variations of the end product is:

Describe how SCM can provide both a cost and value advantage over competitors.

How a company competes in the marketplace is defined as:

The make to order operations strategy typically requires longer customer lead times.

In defining a distribution strategy, a company must consider the importance of channel intermediaries including:

Customer service strategies should be developed based on market segmentation.

The ability to adapt strategies to a changing environment is the same for all industries.

Without substantial market influence, there are very few strategies for small firms to compete.

An order qualifier is an attribute that is a must-have for a company to compete in the marketplace.

A worker can produce 1000 units during an 8 hour shift, thus the productivity of that worker is:

SCM competitive advantage can be derived from two primary areas:

An assemble to order operations strategy allows firms to lower inventory costs.

A company's SCM strategy should align with its business strategy. Provide an example of a business strategy and the SCM strategy that would support it.

All industries should strive to implement a make to order strategy because this strategy provides the highest level of customer service.

Sourcing strategy involves decisions about outsourcing.

Introduction to Supply Chain Management

Network and System Design

Marketing

Operations Management

Sourcing

Logistics

Forecasting Demand Planning

Inventory Management

Lean Systems and Six-Sigma Quality

Supply Chain Relationship Management

Global Supply Chain Management

Sustainable Supply Chain Management

Filters