Exam 1: Introduction to Supply Chain Management

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According to the textbook, supply chains include raw material suppliers, intermediate component manufacturers, end-product manufacturers, wholesale distributors, and retailers.

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According to the textbook, rapidly changing communication technology makes the development of global partnerships more difficult than in the past.

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Which of the following statements is TRUE?

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Successful modern supply chain management typically includes the practice of:

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According to the textbook, environmental and social impacts are considered outside of supply chain management.

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List the four elements of supply chain management and provide a short description of each of the four elements.What types of failures might each of those elements create within the supply chain? Why might those results be linked to errors in a particular element?

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The following is an example of the bullwhip effect:

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Effective supply chain management relies on competitive bidding, corporate privacy, and contracts based on short-term performance.

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Right-shoring refers to:

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