Exam 1: Introduction to Supply Chain Management

A factor that encourages and enables firms to work together more effectively than ever before is

Reverse logistics activities include the return of defective and damaged items to the manufacturer,and the recycling of used packaging.

The key to the success of any company is the quality of its employees.

International intermediaries can provide shipping,consolidation,and other import and export services.Some examples of these international intermediaries include: foreign freight forwarders,NVOCCs,FTZs,and TOFCs.

A transportation intermediary used to consolidate large numbers of small shipments to fill entire truck trailers or rail cars to achieve truckload or carload transportation rates is referred to as:

Right-shoring refers to:

Explain the bullwhip effect? What can be done to reduce the bullwhip effect? Give an example of how the bullwhip effect results in excess costs in the supply chain.

Generally speaking,rail carriers are less expensive than motor carriers.

The routine ordering and follow-up of basic operational supplies is a strategic responsibility.

Which of the following was NOT mentioned in the textbook as being one of the more popular logistics management software applications?

The traditional approach to purchasing and supply management is to build relations with suppliers to jointly pull costs out of the product or service and expect suppliers to contribute innovate ideas that continually add value to a firm's products and services.

Private warehouses refer to warehouses that are owned by the firm storing the goods.

_____ seeks to improve forecast accuracy,optimize production scheduling,reduce working capital costs,shorten cycle times,cut transportation costs,and improve customer service; while _____ helps obtain materials and manage physical flows from suppliers through downstream distribution to ensure that customers receive the right products at the right location,time,and cost.

Trends in supply chain management include expansion of the supply chain and decreasing supply chain visibility.

According to Porter,a firm's value chain is composed of primary and support activities that can lead to competitive advantage when configured properly.​

In Period 4 of the evolution of purchasing and supply chain management,firms faced stable competition and had access to abundant material - conditions that historically have diminished the overall importance of purchasing.

The _____ states that success is a function of effectively managing a linked group of firms past first-level suppliers or customers.​

Within the downstream portion of a supply chain,_____ are responsible for the actual movement of materials between locations.

Warehousing is considered a very important part of the transportation process.Why is it,though,that many buildings that used to be called warehouses typically refer to themselves as distribution centers nowadays?

Which of the following is not one of the factors driving an emphasis on supply chain management?​