Question 1

Purchasing and supply management has a major impact on product and service quality.

Accepted Answer

A) True 
 B)False

Question 2

Explain the concept of 'value-enhancing benefits' by giving THREE examples of benefits that may be realized by a firm that successfully manages its supply chain.

Accepted Answer

None

Question 3

Which of the following statement is TRUE of many large firms today?

Accepted Answer

A) They are selling-off business units to focus more on core capabilities 
B) They are trying to create alliances or strategic partnerships with suppliers 
C) They are paying closer attention to what their direct customers really think of the goods and services bought 
D) All of these 
A) They are selling-off business units to focus more on core capabilities 
B) They are trying to create alliances or strategic partnerships with suppliers 
C) They are paying closer attention to what their direct customers really think of the goods and services bought 
D) All of these

Question 4

According to the textbook,supply chains include raw material suppliers,intermediate component manufacturers,end-product manufacturers,wholesale distributors,retailers and end-product consumers.

Accepted Answer

A) True 
 B)False

Question 5

The Department of Transportation was created by the 1920 Transportation Act.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is a reverse logistics activity:

Accepted Answer

A) Recycling products and components 
B) Delivering finished goods to your customer 
C) Developing a collaborative relationship with your supplier 
D) Managing the quality of products 
A) Recycling products and components 
B) Delivering finished goods to your customer 
C) Developing a collaborative relationship with your supplier 
D) Managing the quality of products

Question 7

Which of the following acronyms is NOT paired with its correct "translation?"​

Accepted Answer

A) TQM - Total Quality Management 
B) JIT - Just-in-Time 
C) MRP - Manufacturing Responsiveness and Planning 
D) ERP - Enterprise Resource Planning 
A) TQM - Total Quality Management 
B) JIT - Just-in-Time 
C) MRP - Manufacturing Responsiveness and Planning 
D) ERP - Enterprise Resource Planning

Question 8

Which of the following is not an example of a typical resource shared between a buyer and supplier?​

Accepted Answer

A) Dedicated capacity. 
B) Specific information. 
C) Technological capabilities. 
D) Direct financial support. 
E) Advertising and media. 
A) Dedicated capacity. 
B) Specific information. 
C) Technological capabilities. 
D) Direct financial support. 
E) Advertising and media.

Purchasing and supply management has a major impact on product and service quality.

Explain the concept of 'value-enhancing benefits' by giving THREE examples of benefits that may be realized by a firm that successfully manages its supply chain.

Which of the following statement is TRUE of many large firms today?

According to the textbook,supply chains include raw material suppliers,intermediate component manufacturers,end-product manufacturers,wholesale distributors,retailers and end-product consumers.

The Department of Transportation was created by the 1920 Transportation Act.

Which of the following is a reverse logistics activity:

Which of the following acronyms is NOT paired with its correct "translation?"

Which of the following is not an example of a typical resource shared between a buyer and supplier?

Purchasing Management

Creating and Managing Supplier Relationship

Ethical and Sustainable Sourcing

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management - Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters

Exam 1: Introduction to Supply Chain Management

Purchasing and supply management has a major impact on product and service quality.

Explain the concept of 'value-enhancing benefits' by giving THREE examples of benefits that may be realized by a firm that successfully manages its supply chain.

Which of the following statement is TRUE of many large firms today?

According to the textbook,supply chains include raw material suppliers,intermediate component manufacturers,end-product manufacturers,wholesale distributors,retailers and end-product consumers.

The Department of Transportation was created by the 1920 Transportation Act.

Which of the following is a reverse logistics activity:

Which of the following acronyms is NOT paired with its correct "translation?"​

Which of the following is not an example of a typical resource shared between a buyer and supplier?​

Purchasing Management

Creating and Managing Supplier Relationship

Ethical and Sustainable Sourcing

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management - Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters

Which of the following acronyms is NOT paired with its correct "translation?"

Which of the following is not an example of a typical resource shared between a buyer and supplier?