Exam 1: Introduction to Supply Chain Management

The assembly or production of finished products, producing the right amount of product, and ensuring that finished products meet specific quality, cost, and customer service requirements can all be considered elements of operations.

Developed in the 1990's as a popular way of developing radically new business processes in an effort to reduce waste and increase performance is referred to as:

Which of the following activities would fall under the foundational element of operation?

Discuss the differences between supply chain partnerships of the past and those that have developed today.

Which of the following can be defined as "The ability to meet the needs of current supply chain members without hindering the ability to meet the needs of future generations".

Many large firms are moving to in-house vertically integrated structures where they have more control over each business unit.

The universally accepted definition of supply chain management is "the management and integration of the parties involved in producing the end items coveted by consumers."

List the four elements of supply chain management and provide a brief explanation 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?

Which of the following is a reverse logistics activity:

The term Supply Chain Management and the field of study it represents today seems to have emerged in the:

Trends in supply chain management include expansion of the supply chain and decreasing supply chain visibility.

Lean production is typically associated with which of the following company's production systems?