Question 1

Supply chain visibility increases supply chain reliability through:

Accepted Answer

A)  Shared understanding of real-time demand data by all supply chain partners 
B)  Increasing variability across the supply chain 
C)  Improved relationship management 
D)  Understanding customer needs more quickly 
E)  Putting more pressure on suppliers 
A)  Shared understanding of real-time demand data by all supply chain partners 
B)  Increasing variability across the supply chain 
C)  Improved relationship management 
D)  Understanding customer needs more quickly 
E)  Putting more pressure on suppliers A

Question 2

An example of an 'upstream' part of the supply chain is transportation of raw materials to the manufacturer.

Accepted Answer

A) True 
 B)False  True

Question 3

An example of an 'upstream' part of the supply chain is distribution of finished goods to the retailer.

Accepted Answer

A) True 
 B)False  False

Question 4

Characteristics of a competitive supply chain include:

Accepted Answer

A)  Outsourcing, reliability, technology 
B)  Globalization, innovation, reliability 
C)  Relationship management, finance, early supplier involvement 
D)  Affluent customers, technology, transportation 
E)  Reliability, relationship management, responsiveness 
A)  Outsourcing, reliability, technology 
B)  Globalization, innovation, reliability 
C)  Relationship management, finance, early supplier involvement 
D)  Affluent customers, technology, transportation 
E)  Reliability, relationship management, responsiveness

Question 5

Distortion and inaccurate information as it moves from the retailer back through the supply chain is known as:

Accepted Answer

A)  Early supplier involvement 
B)  Bullwhip effect 
C)  Supply chain compression 
D)  Reverse logistics 
E)  None of the above 
A)  Early supplier involvement 
B)  Bullwhip effect 
C)  Supply chain compression 
D)  Reverse logistics 
E)  None of the above

Question 6

Explain the concept of a value chain and why the concept is important to SCM.

Accepted Answer

A firm's competitive advantage is derive

Question 7

How can an accelerated flow of funds throughout the supply chain improve firm profitability?

Accepted Answer

As customers' orders are fulfilled more

Question 8

Why have partnerships and alliances across enterprises become so important to SCM?

Accepted Answer

A)  Technology is expensive 
B)  Companies want external supply chain partners to hold more risk 
C)  "Early supplier involvement" is simple to implement 
D)  Collaboration enables long-term viability and success in a competitive global environment 
E)  a and c 
A)  Technology is expensive 
B)  Companies want external supply chain partners to hold more risk 
C)  "Early supplier involvement" is simple to implement 
D)  Collaboration enables long-term viability and success in a competitive global environment 
E)  a and c

Question 9

One of the most effective ways to combat the bullwhip effect is for firms to share point-of-sale data from retailers throughout the supply chain

Accepted Answer

A) True 
 B)False

Question 10

Examples of 'upstream' players in a supply chain include:

Accepted Answer

A)  Suppliers 
B)  Customers 
C)  Retailers 
D)  Distribution centers 
E)  Outbound transportation providers 
A)  Suppliers 
B)  Customers 
C)  Retailers 
D)  Distribution centers 
E)  Outbound transportation providers

Question 11

It could be argued that, of the three overriding SCM activities, information sharing is the enabler of the other two activities.

Accepted Answer

A) True 
 B)False

Question 12

"Green" supply chain strategies need to be embraced across firms in the supply chain in order to be most effective.

Accepted Answer

A) True 
 B)False

Question 13

An example of intra-organizational integration is:

Accepted Answer

A)  Marketing sharing promotion plans with operations 
B)  Operations informing logistics of production plans 
C)  Independent retailer sharing point-of-sale data with manufacturer 
D)  Supplier informing manufacturer of a component defect 
E)  a and b 
A)  Marketing sharing promotion plans with operations 
B)  Operations informing logistics of production plans 
C)  Independent retailer sharing point-of-sale data with manufacturer 
D)  Supplier informing manufacturer of a component defect 
E)  a and b

Question 14

In an effective supply chain, every activity should contribute to the total value of the firm's cost or service position.

Accepted Answer

A) True 
 B)False

Question 15

Postponement is an effective strategy for some firms because it:

Accepted Answer

A)  Is relatively simple and inexpensive to implement 
B)  Allows for local product customization 
C)  Increases supplier involvement 
D)  Decreases the need for relationship management 
E)  Requires little technology 
A)  Is relatively simple and inexpensive to implement 
B)  Allows for local product customization 
C)  Increases supplier involvement 
D)  Decreases the need for relationship management 
E)  Requires little technology

Question 16

The globalization trend presents numerous benefits to SCM including:

Accepted Answer

A)  Removes distance barrier between markets/consumers 
B)  Consumers have greater product choices 
C)  More supplier choices 
D)  Cost savings 
E)  All of the above 
A)  Removes distance barrier between markets/consumers 
B)  Consumers have greater product choices 
C)  More supplier choices 
D)  Cost savings 
E)  All of the above

Question 17

An accelerated flow of funds through the supply chain can improve a firm's profitability by:

Accepted Answer

A)  Increasing interest rates 
B)  Customers cannot be invoiced more quickly 
C)  Creating a positive cash flow provides financial opportunity 
D)  Increasing working capital needs 
E)  None of the above 
A)  Increasing interest rates 
B)  Customers cannot be invoiced more quickly 
C)  Creating a positive cash flow provides financial opportunity 
D)  Increasing working capital needs 
E)  None of the above

Question 18

Describe the difference between SCM and logistics.

Accepted Answer

SCM is strategic and managerial, focusin

Question 19

Stages of supply chain management include suppliers, producers, distributors, retailers, and:

Accepted Answer

A)  Financial flows 
B)  Customers 
C)  Reverse logistics 
D)  Sustainability 
E)  None of the above 
A)  Financial flows 
B)  Customers 
C)  Reverse logistics 
D)  Sustainability 
E)  None of the above

Question 20

Three overriding SCM activities within and between firms include:

Accepted Answer

A)  Marketing, sourcing, logistics 
B)  Suppliers, customers, manufacturers 
C)  Products, information, funds 
D)  Coordination, information sharing, collaboration 
E)  Responsiveness, reliability, relationship management 
A)  Marketing, sourcing, logistics 
B)  Suppliers, customers, manufacturers 
C)  Products, information, funds 
D)  Coordination, information sharing, collaboration 
E)  Responsiveness, reliability, relationship management

Supply chain visibility increases supply chain reliability through:

An example of an 'upstream' part of the supply chain is transportation of raw materials to the manufacturer.

An example of an 'upstream' part of the supply chain is distribution of finished goods to the retailer.

Characteristics of a competitive supply chain include:

Distortion and inaccurate information as it moves from the retailer back through the supply chain is known as:

Explain the concept of a value chain and why the concept is important to SCM.

How can an accelerated flow of funds throughout the supply chain improve firm profitability?

Why have partnerships and alliances across enterprises become so important to SCM?

One of the most effective ways to combat the bullwhip effect is for firms to share point-of-sale data from retailers throughout the supply chain

Examples of 'upstream' players in a supply chain include:

It could be argued that, of the three overriding SCM activities, information sharing is the enabler of the other two activities.

"Green" supply chain strategies need to be embraced across firms in the supply chain in order to be most effective.

An example of intra-organizational integration is:

In an effective supply chain, every activity should contribute to the total value of the firm's cost or service position.

Postponement is an effective strategy for some firms because it:

The globalization trend presents numerous benefits to SCM including:

An accelerated flow of funds through the supply chain can improve a firm's profitability by:

Describe the difference between SCM and logistics.

Stages of supply chain management include suppliers, producers, distributors, retailers, and:

Three overriding SCM activities within and between firms include:

Supply Chain Strategy

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 1: Introduction to Supply Chain Management

Supply chain visibility increases supply chain reliability through:

An example of an 'upstream' part of the supply chain is transportation of raw materials to the manufacturer.

An example of an 'upstream' part of the supply chain is distribution of finished goods to the retailer.

Characteristics of a competitive supply chain include:

Distortion and inaccurate information as it moves from the retailer back through the supply chain is known as:

Explain the concept of a value chain and why the concept is important to SCM.

How can an accelerated flow of funds throughout the supply chain improve firm profitability?

Why have partnerships and alliances across enterprises become so important to SCM?

One of the most effective ways to combat the bullwhip effect is for firms to share point-of-sale data from retailers throughout the supply chain

Examples of 'upstream' players in a supply chain include:

It could be argued that, of the three overriding SCM activities, information sharing is the enabler of the other two activities.

"Green" supply chain strategies need to be embraced across firms in the supply chain in order to be most effective.

An example of intra-organizational integration is:

In an effective supply chain, every activity should contribute to the total value of the firm's cost or service position.

Postponement is an effective strategy for some firms because it:

The globalization trend presents numerous benefits to SCM including:

An accelerated flow of funds through the supply chain can improve a firm's profitability by:

Describe the difference between SCM and logistics.

Stages of supply chain management include suppliers, producers, distributors, retailers, and:

Three overriding SCM activities within and between firms include:

Supply Chain Strategy

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