Question 1

A 3PL is a one-stop shipping solution for a company that wants to focus on other aspects of its business besides logistics.

Accepted Answer

A) True 
 B)False

Question 2

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 3

_____ synthesizes information including sales history,point-of-sale data,warehouse data,supplier data,promotion information,and economic trends.

Accepted Answer

A) Demand-planning software 
B) An exponential system 
C) Value-based marketing 
D) Strategic marketing 
E) A value chain system 
A) Demand-planning software 
B) An exponential system 
C) Value-based marketing 
D) Strategic marketing 
E) A value chain system

Question 4

The rational for utilizing supply chain visibility is that:

Accepted Answer

A) businesses need employee incentives. 
B) firms need to utilize detail contracts. 
C) transaction information is valuable. 
D) spreadsheets perform the necessary work effectively. 
E) a supplier will be more reliable. 
A) businesses need employee incentives. 
B) firms need to utilize detail contracts. 
C) transaction information is valuable. 
D) spreadsheets perform the necessary work effectively. 
E) a supplier will be more reliable.

Question 5

Metal boxes that are used to ship consumer goods on cargo ships are known as _____.

Accepted Answer

A) shipment containers 
B) transportation containers 
C) cargo containers 
D) intermodal containers 
E) consumer containers 
A) shipment containers 
B) transportation containers 
C) cargo containers 
D) intermodal containers 
E) consumer containers

Question 6

Provide examples of how companies can forecast demand.

Accepted Answer

One way to forecast demand is to look at

Question 7

Purchasing goods and services for an organization is known as procurement.

Accepted Answer

A) True 
 B)False

Question 8

Explain the advantages of outsourcing.

Accepted Answer

Owning all functions of a supply chain c

Question 9

The management of the resources,events,and processes needed to create an offering is known as demand planning.

Accepted Answer

A) True 
 B)False

Question 10

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 11

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 12

An advantage of outsourcing is that:

Accepted Answer

A) it takes less time for a company to get the finished goods into the hands of its consumers at home. 
B) the safety of products is easily managed. 
C) the quality of products is guaranteed. 
D) it can add value to the product. 
E) technologies are kept to the company. 
A) it takes less time for a company to get the finished goods into the hands of its consumers at home. 
B) the safety of products is easily managed. 
C) the quality of products is guaranteed. 
D) it can add value to the product. 
E) technologies are kept to the company.

Question 13

After dealing with multiple customer service issues,Peggy decided that she would not renew her contract with Ron's customer service company.Moving the customer service function back within Peggy's company is known as insourcing.

Accepted Answer

A) True 
 B)False

Question 14

Smaller warehouses are more effective in terms of cost.

Accepted Answer

A) True 
 B)False

Question 15

Shipping via waterway is _____.

Accepted Answer

A) growing 
B) fast 
C) inexpensive 
D) versatile 
E) direct to consumer 
A) growing 
B) fast 
C) inexpensive 
D) versatile 
E) direct to consumer

Question 16

Shippers are highly anxious when their products are in transit.

Accepted Answer

A) True 
 B)False

Question 17

_____ 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 18

Track and trace systems provide value to customers.

Accepted Answer

A) True 
 B)False

Question 19

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 20

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

Accepted Answer

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

A 3PL is a one-stop shipping solution for a company that wants to focus on other aspects of its business besides logistics.

Employee theft of inventory is referred to as:

_____ synthesizes information including sales history,point-of-sale data,warehouse data,supplier data,promotion information,and economic trends.

The rational for utilizing supply chain visibility is that:

Metal boxes that are used to ship consumer goods on cargo ships are known as _____.

Provide examples of how companies can forecast demand.

Purchasing goods and services for an organization is known as procurement.

Explain the advantages of outsourcing.

The management of the resources,events,and processes needed to create an offering is known as demand planning.

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

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

An advantage of outsourcing is that:

After dealing with multiple customer service issues,Peggy decided that she would not renew her contract with Ron's customer service company.Moving the customer service function back within Peggy's company is known as insourcing.

Smaller warehouses are more effective in terms of cost.

Shipping via waterway is _____.

Shippers are highly anxious when their products are in transit.

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

Track and trace systems provide value to customers.

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.

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

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 Traditional Media Marketing

Digital Marketing

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

A 3PL is a one-stop shipping solution for a company that wants to focus on other aspects of its business besides logistics.

Employee theft of inventory is referred to as:

_____ synthesizes information including sales history,point-of-sale data,warehouse data,supplier data,promotion information,and economic trends.

The rational for utilizing supply chain visibility is that:

Metal boxes that are used to ship consumer goods on cargo ships are known as _____.

Provide examples of how companies can forecast demand.

Purchasing goods and services for an organization is known as procurement.

Explain the advantages of outsourcing.

The management of the resources,events,and processes needed to create an offering is known as demand planning.

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

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

An advantage of outsourcing is that:

After dealing with multiple customer service issues,Peggy decided that she would not renew her contract with Ron's customer service company.Moving the customer service function back within Peggy's company is known as insourcing.

Smaller warehouses are more effective in terms of cost.

Shipping via waterway is _____.

Shippers are highly anxious when their products are in transit.

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

Track and trace systems provide value to customers.

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.

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

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 Traditional Media Marketing

Digital Marketing

Professional Selling

Customer Satisfaction, loyalty, and Empowerment

Price, the Only Revenue Generator

The Marketing Plan

Filters