Question 1

Delivering what is promised,when it was promised,and the way it was promised are key drivers of _____.

Accepted Answer

A)  cross-docking 
B)  customer satisfaction 
C)  supply chain value 
D)  distribution centers 
E)  electronic data interchanges 
A)  cross-docking 
B)  customer satisfaction 
C)  supply chain value 
D)  distribution centers 
E)  electronic data interchanges

Question 2

_____ is the process of ensuring a firm has an adequate supply of products and a wide enough assortment of them to meet customer needs.

Accepted Answer

A)  CPFR 
B)  Inventory control 
C)  Demand forecasting 
D)  Lead time 
E)  Supply chain visibility 
A)  CPFR 
B)  Inventory control 
C)  Demand forecasting 
D)  Lead time 
E)  Supply chain visibility

Question 3

CPFR is a practice whereby supply chain partners _____ and coordinate their operations.

Accepted Answer

The answer of CPFR is a practice whereby supply chain...

Question 4

Fred started a t-shirt business last year.He designs the shirts in the United States and then sends the designs to companies in China to be produced.Fred is utilizing a(n)_____ strategy.

Accepted Answer

A)  offshoring 
B)  co-sourcing 
C)  insourcing 
D)  3PL 
E)  procurement 
A)  offshoring 
B)  co-sourcing 
C)  insourcing 
D)  3PL 
E)  procurement

Question 5

The value chain concept refers to the belief that your supply chain partners should do more for you than perform just _____.

Accepted Answer

The answer of The value chain concept refers to the...

Question 6

Tracking individual products is more difficult than tracking product loads.

Accepted Answer

A) True 
 B)False

Question 7

Demand planning impacts:

Accepted Answer

A)  the materials a firm must purchase. 
B)  the consumer's supply chain. 
C)  the processes needed to create an offering. 
D)  the firm's communication schedule. 
E)  the firm's freight forwarding promotion. 
A)  the materials a firm must purchase. 
B)  the consumer's supply chain. 
C)  the processes needed to create an offering. 
D)  the firm's communication schedule. 
E)  the firm's freight forwarding promotion.

Question 8

To avoid stockouts,companies keep a certain amount of _____ on hand.

Accepted Answer

The answer of To avoid stockouts,companies keep a certain amount...

Question 9

Merchandise in transit is of concern to shippers because:

Accepted Answer

A)  it is at risk. 
B)  it is expensive. 
C)  it is slow moving. 
D)  it is highly sensitive. 
E)  it is subject to bad weather. 
A)  it is at risk. 
B)  it is expensive. 
C)  it is slow moving. 
D)  it is highly sensitive. 
E)  it is subject to bad weather.

Question 10

_____ involves running broken,defective,and scrap products backward through the supply chain.

Accepted Answer

A)  Upward mobility 
B)  Forward integration 
C)  Reverse logistics 
D)  Backward integration 
E)  Reverse engineering 
A)  Upward mobility 
B)  Forward integration 
C)  Reverse logistics 
D)  Backward integration 
E)  Reverse engineering

Question 11

More products are shipped by truck than by another means.

Accepted Answer

A) True 
 B)False

Question 12

RFID refers to:

Accepted Answer

A)  a system in which a firm keeps very little inventory on hand. 
B)  a term used to describe a reduction or loss of inventory. 
C)  backup inventory that serves as a buffer. 
D)  a unique barcode that distinguishes between two seemingly identical products. 
E)  a tag that emits radio signals that can record and track a shipment as it comes in and out of a facility. 
A)  a system in which a firm keeps very little inventory on hand. 
B)  a term used to describe a reduction or loss of inventory. 
C)  backup inventory that serves as a buffer. 
D)  a unique barcode that distinguishes between two seemingly identical products. 
E)  a tag that emits radio signals that can record and track a shipment as it comes in and out of a facility.

Question 13

_____ is the fastest transportation method in terms of shipping goods.

Accepted Answer

A)  Trucks 
B)  Railroad 
C)  Water 
D)  Pipelines 
E)  Air 
A)  Trucks 
B)  Railroad 
C)  Water 
D)  Pipelines 
E)  Air

Question 14

Extracting value from waste and using it to create new products in known as:

Accepted Answer

A)  reverse engineering. 
B)  mining. 
C)  upward logistics. 
D)  upcycling. 
E)  backward integration. 
A)  reverse engineering. 
B)  mining. 
C)  upward logistics. 
D)  upcycling. 
E)  backward integration.

Question 15

A situation in which supply chain partners share information with one another so they can see how well the chain is working is known as _____.

Accepted Answer

supply cha

Question 16

Track and trace systems provide value to customers.

Accepted Answer

A) True 
 B)False

Question 17

Explain why it is advantageous to trace products.

Accepted Answer

Tracing products is important

Question 18

_____ is growing faster than any other transportation method.

Accepted Answer

A)  Trucks 
B)  Railroad 
C)  Water 
D)  Pipelines 
E)  Air 
A)  Trucks 
B)  Railroad 
C)  Water 
D)  Pipelines 
E)  Air

Question 19

An _____ is utilized to distinguish a type of product based on some unique characteristic.

Accepted Answer

The answer of An _____ is utilized to distinguish a...

Question 20

Reverse logistics is utilized to _____ from used or unusable product.

Accepted Answer

The answer of Reverse logistics is utilized to _____ from...

Delivering what is promised,when it was promised,and the way it was promised are key drivers of _____.

_____ is the process of ensuring a firm has an adequate supply of products and a wide enough assortment of them to meet customer needs.

CPFR is a practice whereby supply chain partners _____ and coordinate their operations.

Fred started a t-shirt business last year.He designs the shirts in the United States and then sends the designs to companies in China to be produced.Fred is utilizing a(n)_____ strategy.

The value chain concept refers to the belief that your supply chain partners should do more for you than perform just _____.

Tracking individual products is more difficult than tracking product loads.

Demand planning impacts:

To avoid stockouts,companies keep a certain amount of _____ on hand.

Merchandise in transit is of concern to shippers because:

_____ involves running broken,defective,and scrap products backward through the supply chain.

More products are shipped by truck than by another means.

RFID refers to:

_____ is the fastest transportation method in terms of shipping goods.

Extracting value from waste and using it to create new products in known as:

A situation in which supply chain partners share information with one another so they can see how well the chain is working is known as _____.

Track and trace systems provide value to customers.

Explain why it is advantageous to trace products.

_____ is growing faster than any other transportation method.

An _____ is utilized to distinguish a type of product based on some unique characteristic.

Reverse logistics is utilized to _____ from used or unusable product.

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

Delivering what is promised,when it was promised,and the way it was promised are key drivers of _____.

_____ is the process of ensuring a firm has an adequate supply of products and a wide enough assortment of them to meet customer needs.

CPFR is a practice whereby supply chain partners _____ and coordinate their operations.

Fred started a t-shirt business last year.He designs the shirts in the United States and then sends the designs to companies in China to be produced.Fred is utilizing a(n)_____ strategy.

The value chain concept refers to the belief that your supply chain partners should do more for you than perform just _____.

Tracking individual products is more difficult than tracking product loads.

Demand planning impacts:

To avoid stockouts,companies keep a certain amount of _____ on hand.

Merchandise in transit is of concern to shippers because:

_____ involves running broken,defective,and scrap products backward through the supply chain.

More products are shipped by truck than by another means.

RFID refers to:

_____ is the fastest transportation method in terms of shipping goods.

Extracting value from waste and using it to create new products in known as:

A situation in which supply chain partners share information with one another so they can see how well the chain is working is known as _____.

Track and trace systems provide value to customers.

Explain why it is advantageous to trace products.

_____ is growing faster than any other transportation method.

An _____ is utilized to distinguish a type of product based on some unique characteristic.

Reverse logistics is utilized to _____ from used or unusable product.

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