Exam 10: Supply Chain Rationalization and Role Shifting

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Fill in the Blank(s) -SC managers often describe their logistics system as a________

(Short Answer)
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Until the essential first steps of_________ are well underway, managers are not likely to have the time or the focus needed to tame the challenges of SC complexity.

(Multiple Choice)
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Managing the number and type of individual items, known as SKUs, that a company must handle to meet customer needs creates headaches for SC managers.

(True/False)
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Fill in the Blank(s) -Shifts in __________can likewise change operating realities overnight.

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On-line bidding events identify potential qualified suppliers from around the world and encourage them to bid for a contract in real time.

(True/False)
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To determine the right number of suppliers for each commodity, a systematic supply-base optimization process should be used.

(True/False)
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The addition of 10 countries to the European Union in 2004 changed consumption patterns as well as production and distribution requirements for companies operating in Europe.

(True/False)
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Rigorous optimization almost always leads to a change in the composition of the supply base.

(True/False)
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Unique or sophisticated products like car engines are usually sourced from a small number of suppliers.

(True/False)
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Building _________ relationships is almost impossible when scarce resources are consumed managing a large and unwieldy supply base.

(Multiple Choice)
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Fill in the Blank(s) -For many years, the standard modus operandi was to use __________for most purchased inputs.

(Short Answer)
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Fill in the Blank(s) -Supply-base__________ is part of an overall sourcing strategy.

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What can we learn from the few disciplined companies that handle complexity well?

(Essay)
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At GM, over time global fiefdoms emerged, creating redundant _________ and limiting the sharing of ideas and components across product lines.

(Multiple Choice)
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What are some of the factors that reduce a company's ability to achieve true optimality?

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Eliminating unnecessary complexity frees up time and resources so that proactive SC managers can look for opportunities to shift value-added activities among SC members.

(True/False)
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The greater the desired collaboration with potential suppliers, the more important broad-based participation is from the stakeholders.

(True/False)
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Poor logistics hampers service and destroys profitability.

(True/False)
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What led to the economic recession in American manufacturing industry in the 1980's?

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To ensure against supply disruptions and to create leverage to drive costs down, most companies have sourced the same item from multiple suppliers.

(True/False)
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