Question 1

Which of these examples ripped from the headlines of business periodicals is most accurate?

Accepted Answer

A)  Netflix has two content delivery systems that are inexpensive to operate. 
B)  Blockbuster's reliance on streaming services was overwhelmed by a lack of bandwidth at the dawn of the 21st century. 
C)  Once an increase in demanded customization seized the market, Dell was unable to rely on its retail store strategy. 
D)  Redbox's reliance on streaming services ended Dell's run as a leader in the industry. 
A)  Netflix has two content delivery systems that are inexpensive to operate. 
B)  Blockbuster's reliance on streaming services was overwhelmed by a lack of bandwidth at the dawn of the 21st century. 
C)  Once an increase in demanded customization seized the market, Dell was unable to rely on its retail store strategy. 
D)  Redbox's reliance on streaming services ended Dell's run as a leader in the industry. A

Question 2

A firm that is not on the cost-responsiveness efficient frontier can improve

Accepted Answer

A)  both responsiveness and cost performance. 
B)  only responsiveness. 
C)  only cost performance. 
D)  responsiveness, but not cost performance. 
A)  both responsiveness and cost performance. 
B)  only responsiveness. 
C)  only cost performance. 
D)  responsiveness, but not cost performance. A

Question 3

Concerns related to the environment and sustainability

Accepted Answer

A)  are becoming less important to the consuming public. 
B)  are sometimes dictated by regulations and sometimes by perception. 
C)  result in increased cost for the supply chain. 
D)  are relevant to only the retail member of each supply chain. 
A)  are becoming less important to the consuming public. 
B)  are sometimes dictated by regulations and sometimes by perception. 
C)  result in increased cost for the supply chain. 
D)  are relevant to only the retail member of each supply chain. B

Question 4

List and explain the three basic steps to achieving strategic fit.

Accepted Answer

There are three basic steps to achieving

Question 5

A company's competitive strategy

Accepted Answer

A)  defines the set of customer needs that it seeks to satisfy through its products and services. 
B)  specifies the portfolio of new products that it will try to develop. 
C)  specifies how the market will be segmented and how the product will be positioned, priced, and promoted. 
D)  determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product. 
A)  defines the set of customer needs that it seeks to satisfy through its products and services. 
B)  specifies the portfolio of new products that it will try to develop. 
C)  specifies how the market will be segmented and how the product will be positioned, priced, and promoted. 
D)  determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.

Question 6

With the ________ view, firms attempt to align all operations within a function. In this view, all supply chain functions including sourcing, manufacturing, warehousing, and transportation must align their strategy to minimize total functional cost.

Accepted Answer

A)  Intrafunctional scope 
B)  Intraoperation scope 
C)  Interfunctional scope 
D)  Intercompany scope 
A)  Intrafunctional scope 
B)  Intraoperation scope 
C)  Interfunctional scope 
D)  Intercompany scope

Question 7

The functions and stages that devise an integrated strategy with a shared objective are referred to as

Accepted Answer

A)  competitive strategy. 
B)  supply chain strategy. 
C)  scope of strategic fit. 
D)  scope of marketing strategy. 
A)  competitive strategy. 
B)  supply chain strategy. 
C)  scope of strategic fit. 
D)  scope of marketing strategy.

Question 8

Increased product variety and shrinking product life cycles usually result in

Accepted Answer

A)  the deliberate phase-out of older products. 
B)  a decrease in overall uncertainty for the supply chain. 
C)  an increase in the time allowed for a supply chain to develop specific competencies. 
D)  a deliberate proliferation in the variety of components used for all products produced. 
A)  the deliberate phase-out of older products. 
B)  a decrease in overall uncertainty for the supply chain. 
C)  an increase in the time allowed for a supply chain to develop specific competencies. 
D)  a deliberate proliferation in the variety of components used for all products produced.

Question 9

If all functional strategies are deliberately aligned with each other and with the overall competitive strategy, then the company profit will be maximized.

Accepted Answer

A) True 
 B)False

Question 10

Supply chain strategy specifies what the operations, distribution, and service functions, whether performed in-house or outsourced, should do particularly well.

Accepted Answer

A) True 
 B)False

Question 11

The value chain emphasizes the close relationship between all the functional strategies within a company.

Accepted Answer

A) True 
 B)False

Question 12

The final step in achieving strategic fit between competitive and supply chain strategies is to

Accepted Answer

A)  understand the supply chain and map it on the responsiveness spectrum. 
B)  understand customers and supply chain uncertainty. 
C)  match supply chain responsiveness with the implied uncertainty of demand. 
D)  combine customer and supply chain uncertainty and map it on the implied uncertainty spectrum. 
A)  understand the supply chain and map it on the responsiveness spectrum. 
B)  understand customers and supply chain uncertainty. 
C)  match supply chain responsiveness with the implied uncertainty of demand. 
D)  combine customer and supply chain uncertainty and map it on the implied uncertainty spectrum.

Question 13

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?

Accepted Answer

A)  Demand has become more certain and supply is predictable. 
B)  Margins are lower due to an increase in competitive pressure. 
C)  Product availability is crucial to capturing the market. 
D)  Price becomes a significant factor in customer choice. 
A)  Demand has become more certain and supply is predictable. 
B)  Margins are lower due to an increase in competitive pressure. 
C)  Product availability is crucial to capturing the market. 
D)  Price becomes a significant factor in customer choice.

Question 14

Discuss the impact of the product life cycle on strategic fit between implied demand uncertainty and supply chain responsiveness.

Accepted Answer

As products go through their life cycle,

Question 15

A supply chain strategy involves decisions regarding all of the following except

Accepted Answer

A)  inventory. 
B)  transportation. 
C)  new product development. 
D)  operating facilities. 
A)  inventory. 
B)  transportation. 
C)  new product development. 
D)  operating facilities.

Question 16

The value chain in a company begins with

Accepted Answer

A)  the customer. 
B)  marketing and sales. 
C)  new product development. 
D)  operations. 
A)  the customer. 
B)  marketing and sales. 
C)  new product development. 
D)  operations.

Question 17

Company A and Company B of the same supply chain rely on market responsiveness to attract customers. Each company has access to the other company's designs, production schedules, and goals, and if Company A needs product overnight, Company B gladly ships it, knowing that in the long run it works to the benefit of both. Such an arrangement is an example of

Accepted Answer

A)  intrafunctional scope. 
B)  intraoperation scope. 
C)  interfunctional scope. 
D)  intercompany scope. 
A)  intrafunctional scope. 
B)  intraoperation scope. 
C)  interfunctional scope. 
D)  intercompany scope.

Question 18

The drive for strategic fit should come from

Accepted Answer

A)  the supply chain manager. 
B)  the strategic planning department. 
C)  the highest levels of the organization, such as the CEO. 
D)  middle management. 
A)  the supply chain manager. 
B)  the strategic planning department. 
C)  the highest levels of the organization, such as the CEO. 
D)  middle management.

Question 19

A company's marketing and sales strategy

Accepted Answer

A)  defines the set of customer needs that it seeks to satisfy through its products and services. 
B)  specifies the portfolio of new products that it will try to develop. 
C)  specifies how the market will be segmented and how the product will be positioned, priced, and promoted. 
D)  determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product. 
A)  defines the set of customer needs that it seeks to satisfy through its products and services. 
B)  specifies the portfolio of new products that it will try to develop. 
C)  specifies how the market will be segmented and how the product will be positioned, priced, and promoted. 
D)  determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.

Question 20

The uncertainty that exists due to the portion of demand that the supply chain is required to meet is the

Accepted Answer

A)  rate of strategic uncertainty. 
B)  demand uncertainty. 
C)  implied demand uncertainty. 
D)  average forecast error. 
A)  rate of strategic uncertainty. 
B)  demand uncertainty. 
C)  implied demand uncertainty. 
D)  average forecast error.

Which of these examples ripped from the headlines of business periodicals is most accurate?

A firm that is not on the cost-responsiveness efficient frontier can improve

Concerns related to the environment and sustainability

List and explain the three basic steps to achieving strategic fit.

A company's competitive strategy

With the ________ view, firms attempt to align all operations within a function. In this view, all supply chain functions including sourcing, manufacturing, warehousing, and transportation must align their strategy to minimize total functional cost.

The functions and stages that devise an integrated strategy with a shared objective are referred to as

Increased product variety and shrinking product life cycles usually result in

If all functional strategies are deliberately aligned with each other and with the overall competitive strategy, then the company profit will be maximized.

Supply chain strategy specifies what the operations, distribution, and service functions, whether performed in-house or outsourced, should do particularly well.

The value chain emphasizes the close relationship between all the functional strategies within a company.

The final step in achieving strategic fit between competitive and supply chain strategies is to

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?

Discuss the impact of the product life cycle on strategic fit between implied demand uncertainty and supply chain responsiveness.

A supply chain strategy involves decisions regarding all of the following except

The value chain in a company begins with

The drive for strategic fit should come from

A company's marketing and sales strategy

The uncertainty that exists due to the portion of demand that the supply chain is required to meet is the

Understanding the Supply Chain

Supply Chain Drivers and Metrics

Designing Distribution Networks and Applications to e-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Demand Forecasting in a Supply Chain

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

Coordination in a Supply Chain

Managing Economies of Scale in the Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Determining the Optimal Level of Product Availability

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Sustainability and the Supply Chain

Filters

Exam 2: Supply Chain Performance: Achieving Strategic Fit and Scope

Which of these examples ripped from the headlines of business periodicals is most accurate?

A firm that is not on the cost-responsiveness efficient frontier can improve

Concerns related to the environment and sustainability

List and explain the three basic steps to achieving strategic fit.

A company's competitive strategy

With the ________ view, firms attempt to align all operations within a function. In this view, all supply chain functions including sourcing, manufacturing, warehousing, and transportation must align their strategy to minimize total functional cost.

The functions and stages that devise an integrated strategy with a shared objective are referred to as

Increased product variety and shrinking product life cycles usually result in

If all functional strategies are deliberately aligned with each other and with the overall competitive strategy, then the company profit will be maximized.

Supply chain strategy specifies what the operations, distribution, and service functions, whether performed in-house or outsourced, should do particularly well.

The value chain emphasizes the close relationship between all the functional strategies within a company.

The final step in achieving strategic fit between competitive and supply chain strategies is to

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?

Discuss the impact of the product life cycle on strategic fit between implied demand uncertainty and supply chain responsiveness.

A supply chain strategy involves decisions regarding all of the following except

The value chain in a company begins with

The drive for strategic fit should come from

A company's marketing and sales strategy

The uncertainty that exists due to the portion of demand that the supply chain is required to meet is the

Understanding the Supply Chain

Supply Chain Drivers and Metrics

Designing Distribution Networks and Applications to e-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Demand Forecasting in a Supply Chain

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

Coordination in a Supply Chain

Managing Economies of Scale in the Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Determining the Optimal Level of Product Availability

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Sustainability and the Supply Chain

Filters