Exam 1: Supply Chain Management: an Overview

The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which of the following is not included in them?

Supply chain managers no longer need to worry about suboptimization in light of today's technology.

Cost/value refers to:

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

A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system.

A critical outcome of the supply chain is to deliver:

Which of the following flows only one way as illustrated in Figure 1-4 (in the text)?

One of the major challenges of supply chain management is:

Globalization has had little effect on consumers.

Discuss how Performance Measurement can affect Supply Chain Management.

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

Most retailers are essentially supply chain companies since they:

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

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

Logistics, in its simplest form,

Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and vendors.

The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily.

Which of the following is not an external factor that is shaping the economic and political landscape?

Performance measurement is important because:

Complexity in the supply chain is caused by: