Question 1

Becoming a demand-driven supply chain means that the company is focused on responsiveness.

Accepted Answer

A) True 
 B)False

Question 2

Coordination involves the effective movement of goods and services through the supply chain; collaboration involves the effective relationships between supply chain members.

Accepted Answer

A) True 
 B)False

Question 3

The flows of products, information, and funds, are all important in an effective supply chain.

Accepted Answer

A) True 
 B)False

Question 4

The only objective of a supply chain is to deliver a product or service at the lowest cost possible.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A)  Suppliers 
B)  Manufacturers 
C)  Retailers 
D)  Inbound transportation providers 
E)  Accountants 
A)  Suppliers 
B)  Manufacturers 
C)  Retailers 
D)  Inbound transportation providers 
E)  Accountants

Question 6

When a firm is focusing on its core competencies, it is engaging in which trend:

Accepted Answer

A)  Sustainability 
B)  Financial supply chain 
C)  Lean initiatives 
D)  Risk management 
E)  Outsourcing 
A)  Sustainability 
B)  Financial supply chain 
C)  Lean initiatives 
D)  Risk management 
E)  Outsourcing

Question 7

There is no effective strategy developed yet for global companies is to control costs while catering to local market tastes.

Accepted Answer

A) True 
 B)False

Question 8

SCM involves the design and management of three primary flows:

Accepted Answer

A)  Products, information, funds 
B)  Suppliers, customers, manufacturers 
C)  Distributors, retailers, customers 
D)  Logistics, operations, marketing 
E)  Responsiveness, reliability, relationship management 
A)  Products, information, funds 
B)  Suppliers, customers, manufacturers 
C)  Distributors, retailers, customers 
D)  Logistics, operations, marketing 
E)  Responsiveness, reliability, relationship management

Question 9

Pursuing a lean supply chain strategy reduces a firm's supply chain risk.

Accepted Answer

A) True 
 B)False

Question 10

How has greater customer affluence increased the importance of SCM?

Accepted Answer

A)  Customers demand higher quality and better service 
B)  The internet empowered consumers with information 
C)  Customers wanted more standardized, mass-produced products 
D)  Customers wanted fewer product choices 
E)  a and b 
A)  Customers demand higher quality and better service 
B)  The internet empowered consumers with information 
C)  Customers wanted more standardized, mass-produced products 
D)  Customers wanted fewer product choices 
E)  a and b

Question 11

Sustainable/green initiatives can be beneficial to firms in the following ways:

Accepted Answer

A)  Enhance supplier relationships/supply availability 
B)  Increased regulation/compliance requirements 
C)  Create efficiencies and cost savings 
D)  Decreases need for relationship management 
E)  a and c 
A)  Enhance supplier relationships/supply availability 
B)  Increased regulation/compliance requirements 
C)  Create efficiencies and cost savings 
D)  Decreases need for relationship management 
E)  a and c

Question 12

A demand-driven supply chain is focused on which SCM characteristic:

Accepted Answer

A)  Relationship management 
B)  Collaboration 
C)  Coordination 
D)  Responsiveness 
E)  Risk management 
A)  Relationship management 
B)  Collaboration 
C)  Coordination 
D)  Responsiveness 
E)  Risk management

Question 13

The primary role of marketing in an organization is to link the organization to its:

Accepted Answer

A)  Suppliers 
B)  Operations 
C)  Customers 
D)  Finance 
E)  None of the above 
A)  Suppliers 
B)  Operations 
C)  Customers 
D)  Finance 
E)  None of the above

Question 14

It could be argued that information technology has been the most impactful trend in the advancement of SCM.

Accepted Answer

A) True 
 B)False

Question 15

First tier suppliers are always more important to a manufacturer than second tier suppliers.

Accepted Answer

A) True 
 B)False

Question 16

Key trends in SCM include:

Accepted Answer

A)  Sustainability 
B)  Risk management 
C)  Reverse logistics 
D)  Early supplier involvement 
E)  a and b 
A)  Sustainability 
B)  Risk management 
C)  Reverse logistics 
D)  Early supplier involvement 
E)  a and b

Question 17

A core competency is an activity within a firm that provides value or competitive advantage.

Accepted Answer

A) True 
 B)False

Question 18

Suppliers are not overly important in a firm's innovation initiatives.

Accepted Answer

A) True 
 B)False

Question 19

The best way to think about supply chains is as a linear chain of players from suppliers to customers

Accepted Answer

A) True 
 B)False

Question 20

Why is the role of the customer even greater in driving the service supply chain than it is in a manufacturing supply chain?

Accepted Answer

In a service industry such as healthcare

Becoming a demand-driven supply chain means that the company is focused on responsiveness.

Coordination involves the effective movement of goods and services through the supply chain; collaboration involves the effective relationships between supply chain members.

The flows of products, information, and funds, are all important in an effective supply chain.

The only objective of a supply chain is to deliver a product or service at the lowest cost possible.

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

When a firm is focusing on its core competencies, it is engaging in which trend:

There is no effective strategy developed yet for global companies is to control costs while catering to local market tastes.

SCM involves the design and management of three primary flows:

Pursuing a lean supply chain strategy reduces a firm's supply chain risk.

How has greater customer affluence increased the importance of SCM?

Sustainable/green initiatives can be beneficial to firms in the following ways:

A demand-driven supply chain is focused on which SCM characteristic:

The primary role of marketing in an organization is to link the organization to its:

It could be argued that information technology has been the most impactful trend in the advancement of SCM.

First tier suppliers are always more important to a manufacturer than second tier suppliers.

Key trends in SCM include:

A core competency is an activity within a firm that provides value or competitive advantage.

Suppliers are not overly important in a firm's innovation initiatives.

The best way to think about supply chains is as a linear chain of players from suppliers to customers

Why is the role of the customer even greater in driving the service supply chain than it is in a manufacturing supply chain?

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

Becoming a demand-driven supply chain means that the company is focused on responsiveness.

Coordination involves the effective movement of goods and services through the supply chain; collaboration involves the effective relationships between supply chain members.

The flows of products, information, and funds, are all important in an effective supply chain.

The only objective of a supply chain is to deliver a product or service at the lowest cost possible.

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

When a firm is focusing on its core competencies, it is engaging in which trend:

There is no effective strategy developed yet for global companies is to control costs while catering to local market tastes.

SCM involves the design and management of three primary flows:

Pursuing a lean supply chain strategy reduces a firm's supply chain risk.

How has greater customer affluence increased the importance of SCM?

Sustainable/green initiatives can be beneficial to firms in the following ways:

A demand-driven supply chain is focused on which SCM characteristic:

The primary role of marketing in an organization is to link the organization to its:

It could be argued that information technology has been the most impactful trend in the advancement of SCM.

First tier suppliers are always more important to a manufacturer than second tier suppliers.

Key trends in SCM include:

A core competency is an activity within a firm that provides value or competitive advantage.

Suppliers are not overly important in a firm's innovation initiatives.

The best way to think about supply chains is as a linear chain of players from suppliers to customers

Why is the role of the customer even greater in driving the service supply chain than it is in a manufacturing supply chain?

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