Question 1

Encouraging or helping a firm's suppliers to perform in a desired fashion can be referred to as:

Accepted Answer

A)  Progressive procurement 
B)  Supplier management 
C)  Right-shoring 
D)  Supply chain performance management 
A)  Progressive procurement 
B)  Supplier management 
C)  Right-shoring 
D)  Supply chain performance management

Question 2

According to the textbook,retail stores are considered the focal firms in modern supply chains.

Accepted Answer

A) True 
 B)False

Question 3

There are many definitions for supply chain management.
Define supply chain management in your own words using the components that all three of the text's definitions have in common.

Accepted Answer

Improve operating ef

Question 4

List the four elements of supply chain management and provide a short description of each of the four elements.What types of failures might each of those elements create within the supply chain? Why might those results be linked to errors in a particular element?

Accepted Answer

Note: While the descriptions of each of

Question 5

A certain supply chain is made up of
1)Raw Materials Supplier
2)Components Manufacturer
3)A firm that manufacturers Sub-assemblies
4)End Item Manufacturer
5)Wholesale Distributor
6)Local Retail Chain Warehouse
Who is considered the second tier supplier of the firm that manufacturers Sub-assemblies?

Accepted Answer

A)  Raw Materials Supplier 
B)  Wholesale Distributor 
C)  The final end item consumer 
D)  Components Manufacturer 
E)  Local Retail Chain Warehouse 
A)  Raw Materials Supplier 
B)  Wholesale Distributor 
C)  The final end item consumer 
D)  Components Manufacturer 
E)  Local Retail Chain Warehouse

Question 6

Which of the following would be considered a third party provider?

Accepted Answer

A)  A Raw materials supplier 
B)  An intermediate component manufacturer 
C)  A firm that leases storage warehousing 
D)  An end product manufacturer 
A)  A Raw materials supplier 
B)  An intermediate component manufacturer 
C)  A firm that leases storage warehousing 
D)  An end product manufacturer

Question 7

One operational method for controlling and managing inventory is the implementation of a software system which can be referred to as:

Accepted Answer

A)  Material requirements planning (MRP) 
B)  Demand capacity tracking (DCT) 
C)  Inventory sourcing (IS) 
D)  Demand process reengineering (DPR) 
A)  Material requirements planning (MRP) 
B)  Demand capacity tracking (DCT) 
C)  Inventory sourcing (IS) 
D)  Demand process reengineering (DPR)

Question 8

Explain the difference between logistics and supply chain management.

Accepted Answer

Supply chain management involves the int

Question 9

According to the textbook,which of the following statements is TRUE? Consumers buy products based on a combination of:

Accepted Answer

A)  Cost, quality, manufacturer, and simplicity of use 
B)  Cost, quality, availability, and brand 
C)  Cost, quality, advertising, store preference, and appearance 
D)  Cost, quality, availability, maintainability, and reputation 
A)  Cost, quality, manufacturer, and simplicity of use 
B)  Cost, quality, availability, and brand 
C)  Cost, quality, advertising, store preference, and appearance 
D)  Cost, quality, availability, maintainability, and reputation

Question 10

According to the textbook,rapidly changing communication technology makes the development of global partnerships more difficult than in the past.

Accepted Answer

A) True 
 B)False

Question 11

According to the text,the FOUR important elements of the supply chain are:

Accepted Answer

A)  Purchasing, manufacturing, transportation, retail stores 
B)  Purchasing, operations, logistics, integration 
C)  Purchasing, manufacturing, logistics, transportation 
D)  Purchasing, operations, manufacturing, distribution 
A)  Purchasing, manufacturing, transportation, retail stores 
B)  Purchasing, operations, logistics, integration 
C)  Purchasing, manufacturing, logistics, transportation 
D)  Purchasing, operations, manufacturing, distribution

Question 12

Which of the following is an illustration of a company that has vertically integrated?

Accepted Answer

A)  A computer manufacturer that acquires its computer components supplier 
B)  A computer manufacturer that acquires warehouses to aid in its product distribution 
C)  A computer components supplier that begins to assemble computers for sale to consumers 
D)  All of these 
A)  A computer manufacturer that acquires its computer components supplier 
B)  A computer manufacturer that acquires warehouses to aid in its product distribution 
C)  A computer components supplier that begins to assemble computers for sale to consumers 
D)  All of these

Encouraging or helping a firm's suppliers to perform in a desired fashion can be referred to as:

According to the textbook,retail stores are considered the focal firms in modern supply chains.

There are many definitions for supply chain management. Define supply chain management in your own words using the components that all three of the text's definitions have in common.

List the four elements of supply chain management and provide a short description of each of the four elements.What types of failures might each of those elements create within the supply chain? Why might those results be linked to errors in a particular element?

A certain supply chain is made up of 1)Raw Materials Supplier 2)Components Manufacturer 3)A firm that manufacturers Sub-assemblies 4)End Item Manufacturer 5)Wholesale Distributor 6)Local Retail Chain Warehouse Who is considered the second tier supplier of the firm that manufacturers Sub-assemblies?

Which of the following would be considered a third party provider?

One operational method for controlling and managing inventory is the implementation of a software system which can be referred to as:

Explain the difference between logistics and supply chain management.

According to the textbook,which of the following statements is TRUE? Consumers buy products based on a combination of:

According to the textbook,rapidly changing communication technology makes the development of global partnerships more difficult than in the past.

According to the text,the FOUR important elements of the supply chain are:

Which of the following is an illustration of a company that has vertically integrated?

Purchasing Management

Creating and Managing Supplier Relationships

Ethical and Sustainable Sourcing

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management: Lean and Six Sigma in the Supply Chain

Domestic U.S.and Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters

Exam 1: Introduction to Supply Chain Management

Encouraging or helping a firm's suppliers to perform in a desired fashion can be referred to as:

According to the textbook,retail stores are considered the focal firms in modern supply chains.

There are many definitions for supply chain management. Define supply chain management in your own words using the components that all three of the text's definitions have in common.

List the four elements of supply chain management and provide a short description of each of the four elements.What types of failures might each of those elements create within the supply chain? Why might those results be linked to errors in a particular element?

A certain supply chain is made up of 1)Raw Materials Supplier 2)Components Manufacturer 3)A firm that manufacturers Sub-assemblies 4)End Item Manufacturer 5)Wholesale Distributor 6)Local Retail Chain Warehouse Who is considered the second tier supplier of the firm that manufacturers Sub-assemblies?

Which of the following would be considered a third party provider?

One operational method for controlling and managing inventory is the implementation of a software system which can be referred to as:

Explain the difference between logistics and supply chain management.

According to the textbook,which of the following statements is TRUE? Consumers buy products based on a combination of:

According to the textbook,rapidly changing communication technology makes the development of global partnerships more difficult than in the past.

According to the text,the FOUR important elements of the supply chain are:

Which of the following is an illustration of a company that has vertically integrated?

Purchasing Management

Creating and Managing Supplier Relationships

Ethical and Sustainable Sourcing

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management: Lean and Six Sigma in the Supply Chain

Domestic U.S.and Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters