Exam 5: Technical Fundamentals

The ability of a firm to provide consistent and fast delivery allows it to charge a ______________________ price for its products.

Which of the following is a principle of supply chain management?

Describe Wal-Mart's supply chain management strategy in terms of its four drivers.

What provides control and visibility to the status of individual items maintained in inventory?

Managers can use information systems to heavily influence __________________ decisions including productivity,costs,flexibility,quality,and customer satisfaction.

The goal of six sigma quality standard is to detect potential problems to prevent their occurrence and achieve no more than ________ defects per million opportunities.

An organization's supply chain strategy can focus on efficiency or effectiveness,but not both.

_________________________ coordinate the process of transporting materials from a manufacturer to distribution centres to the final customers.

____________ management and control software provides control and visibility to the status of individual items maintained in inventory.

What helps organizations reduce their investment in inventory,while improving customer satisfaction through product availability?

Low-cost market segments are frequently very large,and many companies are lured by the potential for significant profits,which are associated with large unit volumes of product.

Plan,source,make,deliver,and return are the five basic supply chain management components.

Make the sale to ___________ is one of the keys to SCM success.

The goal of six sigma quality is to detect potential problems to prevent their occurrence and achieve no more than 4.3 defects per million opportunities.

Which of the following practices drives the supply chain performance?

Describe the four drivers of supply chain management.

Strategic planning focuses on producing goods and services as efficiently as possible within the strategic plan

A supply ____________ consists of all parties involved,directly or indirectly,in the procurement of a product or raw material.

Consumer behaviour,_____________,competition,and speed are the four changes resulting from advances in IT that are driving supply chains.

__________________________________ use sales forecasts to make sure that needed parts and materials are available at the right time and place in a specific company.