Question 1

_____ electronically record the paths shipments take.

Accepted Answer

Track and trace systems

Question 2

EPC is a special electronic format that companies use to exchange business documents from computer to computer.

Accepted Answer

A) True 
 B)False  False

Question 3

Explain the advantages and disadvantages of safety stock.

Accepted Answer

The advantage of having safety stock is that backup inventory can serve as a buffer against unexpected spikes in demand for inventory.Thus,the distributor/retailer is less likely to disappoint customers which aids in customer retention.The disadvantages include tying up money that could be utilized another way or risking that the inventory will become obsolete,deteriorate,spoil,or shrink.

Question 4

A firm may push for environmental sustainability because:

Accepted Answer

A)  many consumers want farmers to be paid high wages. 
B)  many consumers want to pay higher prices for third-world producer wages. 
C)  many consumers are willing to pay more for green products. 
D)  many consumers associate the color green with quality. 
E)  many consumers associate going green with supply chain management. 
A)  many consumers want farmers to be paid high wages. 
B)  many consumers want to pay higher prices for third-world producer wages. 
C)  many consumers are willing to pay more for green products. 
D)  many consumers associate the color green with quality. 
E)  many consumers associate going green with supply chain management.

Question 5

Shippers are highly anxious when their products are in transit.

Accepted Answer

A) True 
 B)False

Question 6

_____ involves moving inventory through the supply chain so that products spend little or no time in warehouses.

Accepted Answer

A)  Traditional storing 
B)  Logistical coordination 
C)  Cross-docking 
D)  Value docking 
E)  Supply chain management 
A)  Traditional storing 
B)  Logistical coordination 
C)  Cross-docking 
D)  Value docking 
E)  Supply chain management

Question 7

_____ are the most versatile in terms of moving goods because they can go anywhere there are roads.

Accepted Answer

The answer of _____ are the most versatile in terms...

Question 8

Transportation modes a firm uses should be based on what its customers want and are willing to pay for.

Accepted Answer

A) True 
 B)False

Question 9

_____ should ultimately be the focus of any outsourcing or insourcing decisions made by a company.

Accepted Answer

A)  Firm value 
B)  Supply chain management 
C)  Organizational capabilities 
D)  Revenue 
E)  The customer 
A)  Firm value 
B)  Supply chain management 
C)  Organizational capabilities 
D)  Revenue 
E)  The customer

Question 10

The process of designing,monitoring,and altering supply chains to make them as efficient as possible is called demand chain management.

Accepted Answer

A) True 
 B)False

Question 11

Explain the rational for firms utilizing smaller warehouses.

Accepted Answer

Some firms choose to utilize smaller war

Question 12

A retailer is typically a type of upstream firm.

Accepted Answer

A) True 
 B)False

Question 13

Requiring a supplier to manage inventory for a firm downstream is known as ____.

Accepted Answer

vendor-man

Question 14

Explain the advantages of outsourcing.

Accepted Answer

Owning all functions of a supply chain c

Question 15

Being able to trace products helps companies anticipate events that could _____.

Accepted Answer

disrupt th

Question 16

Employee theft of inventory is referred to as:

Accepted Answer

A)  shoplifting. 
B)  supplier fraud. 
C)  shrinkage. 
D)  spoiling product. 
E)  obsolete product. 
A)  shoplifting. 
B)  supplier fraud. 
C)  shrinkage. 
D)  spoiling product. 
E)  obsolete product.

Question 17

_____ makes for greater visibility among supply chain partners because they can all check the status of orders electronically rather than having to fax or e-mail documents back and forth.

Accepted Answer

Electronic

Question 18

Designer goods producers can utilize _____ to combat knockoffs in the marketplace.

Accepted Answer

A)  RFID tags 
B)  3PLs 
C)  demand-planning software 
D)  electronic product codes 
E)  just-in-time inventory controls 
A)  RFID tags 
B)  3PLs 
C)  demand-planning software 
D)  electronic product codes 
E)  just-in-time inventory controls

Question 19

_____ is the amount of time it takes for a customer to receive a good or service once it has been ordered.

Accepted Answer

The answer of _____ is the amount of time it...

Question 20

CPFR refers to:

Accepted Answer

A)  calculating planning, funding, and repositioning. 
B)  collaborative planning, funding, and replenishment. 
C)  collaborative planning, forecasting, and repositioning. 
D)  collaborative planning, forecasting, and replenishment. 
E)  calculating planning, forecasting, and replenishment. 
A)  calculating planning, funding, and repositioning. 
B)  collaborative planning, funding, and replenishment. 
C)  collaborative planning, forecasting, and repositioning. 
D)  collaborative planning, forecasting, and replenishment. 
E)  calculating planning, forecasting, and replenishment.

_____ electronically record the paths shipments take.

EPC is a special electronic format that companies use to exchange business documents from computer to computer.

Explain the advantages and disadvantages of safety stock.

A firm may push for environmental sustainability because:

Shippers are highly anxious when their products are in transit.

_____ involves moving inventory through the supply chain so that products spend little or no time in warehouses.

_____ are the most versatile in terms of moving goods because they can go anywhere there are roads.

Transportation modes a firm uses should be based on what its customers want and are willing to pay for.

_____ should ultimately be the focus of any outsourcing or insourcing decisions made by a company.

The process of designing,monitoring,and altering supply chains to make them as efficient as possible is called demand chain management.

Explain the rational for firms utilizing smaller warehouses.

A retailer is typically a type of upstream firm.

Requiring a supplier to manage inventory for a firm downstream is known as ____.

Explain the advantages of outsourcing.

Being able to trace products helps companies anticipate events that could _____.

Employee theft of inventory is referred to as:

_____ makes for greater visibility among supply chain partners because they can all check the status of orders electronically rather than having to fax or e-mail documents back and forth.

Designer goods producers can utilize _____ to combat knockoffs in the marketplace.

_____ is the amount of time it takes for a customer to receive a good or service once it has been ordered.

CPFR refers to:

What Is Marketing?

Strategic Planning

Consumer Behavior: How People Make Buying Decisions

Business Buying Behavior

Market Segmenting, Targeting, and Positioning

Creating Offerings

Developing and Managing Offerings

Using Marketing Channels to Create Value for Customers

Gathering and Using Information: Marketing Research and Market Intelligence

Integrated Marketing Communications and the Changing Media Landscape

Public Relations, Social Media, and Sponsorships

Professional Selling

Customer Satisfaction, Loyalty, and Empowerment

Price,the Only Revenue Generator

The Marketing Plan

Filters

Exam 9: Using Supply Chains to Create Value for Customers

_____ electronically record the paths shipments take.

EPC is a special electronic format that companies use to exchange business documents from computer to computer.

Explain the advantages and disadvantages of safety stock.

A firm may push for environmental sustainability because:

Shippers are highly anxious when their products are in transit.

_____ involves moving inventory through the supply chain so that products spend little or no time in warehouses.

_____ are the most versatile in terms of moving goods because they can go anywhere there are roads.

Transportation modes a firm uses should be based on what its customers want and are willing to pay for.

_____ should ultimately be the focus of any outsourcing or insourcing decisions made by a company.

The process of designing,monitoring,and altering supply chains to make them as efficient as possible is called demand chain management.

Explain the rational for firms utilizing smaller warehouses.

A retailer is typically a type of upstream firm.

Requiring a supplier to manage inventory for a firm downstream is known as ____.

Explain the advantages of outsourcing.

Being able to trace products helps companies anticipate events that could _____.

Employee theft of inventory is referred to as:

_____ makes for greater visibility among supply chain partners because they can all check the status of orders electronically rather than having to fax or e-mail documents back and forth.

Designer goods producers can utilize _____ to combat knockoffs in the marketplace.

_____ is the amount of time it takes for a customer to receive a good or service once it has been ordered.

CPFR refers to:

What Is Marketing?

Strategic Planning

Consumer Behavior: How People Make Buying Decisions

Business Buying Behavior

Market Segmenting, Targeting, and Positioning

Creating Offerings

Developing and Managing Offerings

Using Marketing Channels to Create Value for Customers

Gathering and Using Information: Marketing Research and Market Intelligence

Integrated Marketing Communications and the Changing Media Landscape

Public Relations, Social Media, and Sponsorships

Professional Selling

Customer Satisfaction, Loyalty, and Empowerment

Price,the Only Revenue Generator

The Marketing Plan

Filters