Exam 22: Supply Chain Management

The Automated Clearing House system among banks is an example of an inter-enterprise system.

Which of the following is an example of inventory?

Which of the following refers to a network of organisations and facilities that transforms raw materials into products delivered to customers?

As a factor affecting supply chain performance,facilities concern the location and operations methodology of the places where products are fabricated or stored.

Profitability of a supply chain increases if all the organisations in the supply chain operate at their maximum profitability.

Define supply chain profitability.How is it different from individual organisational profitability?

The large fluctuations of bullwhip effect force organisations to stock fewer inventories than needed.

The ________ is used as the measure of supply chain speed.

How do information systems affect supply chain performance?

Every supply chain has four basic components: suppliers,manufacturers,distributors,and retailers.

In a supply chain,distributors order products from ________.

The bullwhip effect can be eliminated by planning inventory based on each organisation up the supply chain.

Each organisation in a supply chain is an independent company,with its own objectives.

Decreasing the size of an inventory decreases the odds that an item will be unavailable for purchase.

________ is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organisations in the supply chain incur to obtain that revenue.

Explain the bullwhip effect with an example.

Each level of a supply chain has a distinct source of revenue.

The presence of information systems has expanded supply chain speed.

True demand is the demand from the only party that introduces money into the system.

The bullwhip effect explains the amplification of demand at various stages of a supply chain.