Question 1

Which of the following flows only one way as illustrated in the Integrated Supply Chain-Basics figure?

Accepted Answer

A)  Information 
B)  Products and services 
C)  Financials 
D)  None of these answers 
A)  Information 
B)  Products and services 
C)  Financials 
D)  None of these answers D

Question 2

It is predicted that social networks such as Facebook and Twitter will influence supply chains because of their impact on customer demand and the speed of information transfer.

Accepted Answer

A) True 
 B)False  True

Question 3

Performance measurement is important because:

Accepted Answer

A)  it allows firms to rate competitors. 
B)  without it, managers would not know how the global economy is doing. 
C)  companies presently operating in the European Economic Community need to understand how its competitors are doing. 
D)  lower-level metrics in an organization must connect directly to the high-level performance to achieve goals. 
A)  it allows firms to rate competitors. 
B)  without it, managers would not know how the global economy is doing. 
C)  companies presently operating in the European Economic Community need to understand how its competitors are doing. 
D)  lower-level metrics in an organization must connect directly to the high-level performance to achieve goals. D

Question 4

Best-in-class companies have developed a more flexible production schedule that allows for making inventory adjustments in 48 to 72 hours.

Accepted Answer

A) True 
 B)False

Question 5

Discuss how Performance Measurement can affect Supply Chain Management.

Accepted Answer

Most organizations have measures of perf

Question 6

Of the 11 specific challenges to supply chain management discussed in the chapter, which one do you think is the most significant or would have the greatest impact on an organization? Provide at least one general example to support your answer.

Accepted Answer

Students' answers will vary, but must de

Question 7

Which of the following is not one of the external forces driving the rate of change and shaping our economic and political landscape?

Accepted Answer

A)  Government policy 
B)  Technology 
C)  Environmental concerns 
D)  Globalization 
A)  Government policy 
B)  Technology 
C)  Environmental concerns 
D)  Globalization

Question 8

Ten years ago, Southwest Auto Parts would ship a standard number of various parts to all of its 147 locations once a month. Today, Southwest's more sophisticated inventory system monitors the stock at each location and adjusts the number of each part accordingly in the monthly shipment to each store in order to prevent under- or overstocking the stores on any given part. Within an integrated supply chain, this is an example of change in:

Accepted Answer

A)  product flow. 
B)  information flow. 
C)  cash flow. 
D)  demand flow. 
A)  product flow. 
B)  information flow. 
C)  cash flow. 
D)  demand flow.

Question 9

Identify the proper sequence of the three "flows" in the supply chain.
1. Product
2. Cash
3. Information

Accepted Answer

A)  1, 2, 3 
B)  1, 3, 2 
C)  2, 1, 3 
D)  3, 2, 1 
A)  1, 2, 3 
B)  1, 3, 2 
C)  2, 1, 3 
D)  3, 2, 1

Question 10

Discuss how globalization and consolidation in supply have increased complexity.

Accepted Answer

Globalization and consolidation in suppl

Question 11

Supply and demand has become less volatile as managers have become more adept at controlling the elements.

Accepted Answer

A) True 
 B)False

Question 12

Sustainability reporting is a growing practice, either mandatory or voluntarily, due to the demand for transparency in the supply chains.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is not part of the Supply Chain network?

Accepted Answer

A)  Plants 
B)  Stores 
C)  Terminals 
D)  Distribution centers 
A)  Plants 
B)  Stores 
C)  Terminals 
D)  Distribution centers

Question 14

Explain how today's consumers are empowered and how they impact Supply Chain Management.

Accepted Answer

Today's consumers are more enlightened a

Question 15

What is the role of Transportation Management in connection with Supply Chains?

Accepted Answer

Transportation can be viewed as the glue

Question 16

Most retailers are essentially supply chain companies since they:

Accepted Answer

A)  dominate the consumer market. 
B)  own their warehouses and trucks. 
C)  buy products produced by others. 
D)  engage in off-shore sourcing. 
A)  dominate the consumer market. 
B)  own their warehouses and trucks. 
C)  buy products produced by others. 
D)  engage in off-shore sourcing.

Question 17

An organization practicing sustainable supply chain management expects its suppliers to conform to the same sustainability standards it holds.

Accepted Answer

A) True 
 B)False

Question 18

Acme Fastener and Tool had a six-hour work stoppage yesterday, which means the company does not have its usual number of fasteners stored in inventory. Concerned that the inability to fulfill all current orders may have an adverse effect on some customers, Acme's account executives are notifying all customers, including Henderson Air, that there could potentially be a small delay in delivering some orders. This is an example of:

Accepted Answer

A)  information flowing backward from the customer to the supplier. 
B)  information flowing forward from the supplier to the customer. 
C)  information flowing laterally between the customer and the supplier. 
D)  information flowing backward from the supplier to the customer. 
A)  information flowing backward from the customer to the supplier. 
B)  information flowing forward from the supplier to the customer. 
C)  information flowing laterally between the customer and the supplier. 
D)  information flowing backward from the supplier to the customer.

Question 19

Henderson Air manufactures heating and air conditioning units. Once a day, Henderson's computerized inventory system monitors the number of bolts and other fasteners the company needs to maintain production. If the amount of any type of fastener in inventory dips below preset standards, the computer automatically sends an order for more fasteners to Acme Fastener and Tool. This is an example of:

Accepted Answer

A)  information flowing backward from the customer to the supplier. 
B)  information flowing forward from the supplier to the customer. 
C)  information flowing laterally between the customer and the supplier. 
D)  information flowing forward from the customer to the supplier. 
A)  information flowing backward from the customer to the supplier. 
B)  information flowing forward from the supplier to the customer. 
C)  information flowing laterally between the customer and the supplier. 
D)  information flowing forward from the customer to the supplier.

Question 20

Globalization has had little effect on consumers.

Accepted Answer

A) True 
 B)False

Which of the following flows only one way as illustrated in the Integrated Supply Chain-Basics figure?

It is predicted that social networks such as Facebook and Twitter will influence supply chains because of their impact on customer demand and the speed of information transfer.

Performance measurement is important because:

Best-in-class companies have developed a more flexible production schedule that allows for making inventory adjustments in 48 to 72 hours.

Discuss how Performance Measurement can affect Supply Chain Management.

Of the 11 specific challenges to supply chain management discussed in the chapter, which one do you think is the most significant or would have the greatest impact on an organization? Provide at least one general example to support your answer.

Which of the following is not one of the external forces driving the rate of change and shaping our economic and political landscape?

Identify the proper sequence of the three "flows" in the supply chain. 1. Product 2. Cash 3. Information

Discuss how globalization and consolidation in supply have increased complexity.

Supply and demand has become less volatile as managers have become more adept at controlling the elements.

Sustainability reporting is a growing practice, either mandatory or voluntarily, due to the demand for transparency in the supply chains.

Which of the following is not part of the Supply Chain network?

Explain how today's consumers are empowered and how they impact Supply Chain Management.

What is the role of Transportation Management in connection with Supply Chains?

Most retailers are essentially supply chain companies since they:

An organization practicing sustainable supply chain management expects its suppliers to conform to the same sustainability standards it holds.

Globalization has had little effect on consumers.

Global Dimensions of Supply Chains

Role of Logistics in Supply Chains

Supply Chain and Omni Channel Network Design

Sourcing Materials and Services

Operations Producing Goods and Services

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Distribution Managing Fulfillment Operations

Transportation Managing the Flows of the Supply Chain

Aligning Supply Chains

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology Managing Information Flows

Strategic Challenges and Change for Supply Chains

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Exam 1: Supply Chain Management: an Overview

Which of the following flows only one way as illustrated in the Integrated Supply Chain-Basics figure?

It is predicted that social networks such as Facebook and Twitter will influence supply chains because of their impact on customer demand and the speed of information transfer.

Performance measurement is important because:

Best-in-class companies have developed a more flexible production schedule that allows for making inventory adjustments in 48 to 72 hours.

Discuss how Performance Measurement can affect Supply Chain Management.

Of the 11 specific challenges to supply chain management discussed in the chapter, which one do you think is the most significant or would have the greatest impact on an organization? Provide at least one general example to support your answer.

Which of the following is not one of the external forces driving the rate of change and shaping our economic and political landscape?

Identify the proper sequence of the three "flows" in the supply chain. 1. Product 2. Cash 3. Information

Discuss how globalization and consolidation in supply have increased complexity.

Supply and demand has become less volatile as managers have become more adept at controlling the elements.

Sustainability reporting is a growing practice, either mandatory or voluntarily, due to the demand for transparency in the supply chains.

Which of the following is not part of the Supply Chain network?

Explain how today's consumers are empowered and how they impact Supply Chain Management.

What is the role of Transportation Management in connection with Supply Chains?

Most retailers are essentially supply chain companies since they:

An organization practicing sustainable supply chain management expects its suppliers to conform to the same sustainability standards it holds.

Globalization has had little effect on consumers.

Global Dimensions of Supply Chains

Role of Logistics in Supply Chains

Supply Chain and Omni Channel Network Design

Sourcing Materials and Services

Operations Producing Goods and Services

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Distribution Managing Fulfillment Operations

Transportation Managing the Flows of the Supply Chain

Aligning Supply Chains

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology Managing Information Flows

Strategic Challenges and Change for Supply Chains

Filters