Question 1

Firms with just-in-time inventory systems keep very little inventory on hand.

Accepted Answer

A) True 
 B)False

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

Alan must first go through the process of _____ before he procures goods and services for his organization.

Accepted Answer

The answer of Alan must first go through the process...

Question 4

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

Accepted Answer

disrupt th

Question 5

Track and trace systems help companies anticipate events:

Accepted Answer

A) moving upstream. 
B) that could disrupt the supply chain. 
C) for demand forecasting. 
D) and logistics. 
E) for just-in-time inventory. 
A) moving upstream. 
B) that could disrupt the supply chain. 
C) for demand forecasting. 
D) and logistics. 
E) for just-in-time inventory.

Question 6

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 7

Explain the disadvantages of outsourcing.

Accepted Answer

The first disadvantage of outsourcing is

Question 8

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 9

If a firm can find a company that can add more value to a function than it can itself,it will often _____ the task to that company.

Accepted Answer

A) offshore 
B) procure 
C) source 
D) outsource 
E) insource 
A) offshore 
B) procure 
C) source 
D) outsource 
E) insource

Firms with just-in-time inventory systems keep very little inventory on hand.

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

Alan must first go through the process of _____ before he procures goods and services for his organization.

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

Track and trace systems help companies anticipate events:

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

Explain the disadvantages of outsourcing.

RFID refers to:

If a firm can find a company that can add more value to a function than it can itself,it will often _____ the task to that company.

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

Firms with just-in-time inventory systems keep very little inventory on hand.

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

Alan must first go through the process of _____ before he procures goods and services for his organization.

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

Track and trace systems help companies anticipate events:

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

Explain the disadvantages of outsourcing.

RFID refers to:

If a firm can find a company that can add more value to a function than it can itself,it will often _____ the task to that company.

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