Question 1

Scope of strategic fit refers to both the

Accepted Answer

A) function within the firm and the satisfaction of the customer. 
B) satisfaction of the customer and the profits returned to the shareholders. 
C) function within the firm and stages across the supply chain. 
D) profits returned to the shareholders and the stages across the supply chain. 
A) function within the firm and the satisfaction of the customer. 
B) satisfaction of the customer and the profits returned to the shareholders. 
C) function within the firm and stages across the supply chain. 
D) profits returned to the shareholders and the stages across the supply chain. C

Question 2

The value chain consists of direct and indirect activities.Which of the following is an indirect activity for an enterprise?

Accepted Answer

A) Marketing 
B) Distribution 
C) Human Resources 
D) Service 
A) Marketing 
B) Distribution 
C) Human Resources 
D) Service C

Question 3

The authors cite IKEA as achieving an intercompany scope of strategic fit which serves to

Accepted Answer

A) minimize IKEA's costs. 
B) align the strategic fit with the consumer surplus. 
C) minimize the costs of all supply chain elements. 
D) increase the supply chain surplus. 
A) minimize IKEA's costs. 
B) align the strategic fit with the consumer surplus. 
C) minimize the costs of all supply chain elements. 
D) increase the supply chain surplus. D

Question 4

Intercompany scope is broader than intrafunctional scope.

Accepted Answer

A) True 
 B)False

Question 5

A company's product development strategy defines the set of customer needs that it seeks to satisfy through its products and services.

Accepted Answer

A) True 
 B)False

Question 6

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 7

An aggressive investment in customer analytics represents the use of which lever to reduce supply chain uncertainty?

Accepted Answer

A) Information 
B) Flexible capacity 
C) Time 
D) Inventory 
A) Information 
B) Flexible capacity 
C) Time 
D) Inventory

Question 8

Supply chain responsiveness includes the ability to do which of the following?

Accepted Answer

A) Handle supply uncertainty 
B) Ship product in larger quantities than your competitors 
C) Substitute similar products to fill orders when the desired products are unavailable 
D) Ensure that all functional strategies within the supply chain are reviewed annually 
A) Handle supply uncertainty 
B) Ship product in larger quantities than your competitors 
C) Substitute similar products to fill orders when the desired products are unavailable 
D) Ensure that all functional strategies within the supply chain are reviewed annually

Question 9

Because demand and supply characteristics change,the supply chain strategy must change over the product life cycle if a company is to continue achieving strategic fit.

Accepted Answer

A) True 
 B)False

Question 10

A graph with two axes with implied uncertainty along the horizontal axis and responsiveness along the vertical axis is referred to as the

Accepted Answer

A) implied uncertainty spectrum. 
B) responsiveness spectrum. 
C) uncertainty/responsiveness map. 
D) zone of strategic fit. 
A) implied uncertainty spectrum. 
B) responsiveness spectrum. 
C) uncertainty/responsiveness map. 
D) zone of strategic fit.

Question 11

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

Question 12

Uncertainty is nothing but an absence of the right information.

Accepted Answer

A) True 
 B)False

Question 13

Having far more capacity than demand is helpful for a supply chain dealing with uncertainty.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

There are three basic steps to achieving

Question 15

The second 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) ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness. 
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) ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness.

Question 16

The value that potential customers place on product cost and delivery time determines a company's

Accepted Answer

A) customer needs. 
B) competitive strategy. 
C) supply chain surplus. 
D) product life cycle. 
A) customer needs. 
B) competitive strategy. 
C) supply chain surplus. 
D) product life cycle.

Question 17

A ________ strategy specifies how the market will be segmented and how the product will be positioned,priced,and promoted.

Accepted Answer

A) Product Development 
B) Marketing and Sales 
C) Supply Chain 
D) Finance 
A) Product Development 
B) Marketing and Sales 
C) Supply Chain 
D) Finance

Question 18

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.

Question 19

An example of intrafunctional scope is that outsourcing a key component is reasonable if the savings in staying current in technology results in improved performance in other areas of R&D that permit improved overall performance.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following specifies the portfolio of new products that a company will try to develop?

Accepted Answer

A) Competitive strategy 
B) Product development strategy 
C) Marketing and sales strategy 
D) Supply chain strategy 
A) Competitive strategy 
B) Product development strategy 
C) Marketing and sales strategy 
D) Supply chain strategy

Scope of strategic fit refers to both the

The value chain consists of direct and indirect activities.Which of the following is an indirect activity for an enterprise?

The authors cite IKEA as achieving an intercompany scope of strategic fit which serves to

Intercompany scope is broader than intrafunctional scope.

A company's product development strategy defines the set of customer needs that it seeks to satisfy through its products and services.

An aggressive investment in customer analytics represents the use of which lever to reduce supply chain uncertainty?

Supply chain responsiveness includes the ability to do which of the following?

Because demand and supply characteristics change,the supply chain strategy must change over the product life cycle if a company is to continue achieving strategic fit.

A graph with two axes with implied uncertainty along the horizontal axis and responsiveness along the vertical axis is referred to as the

The drive for strategic fit should come from

Uncertainty is nothing but an absence of the right information.

Having far more capacity than demand is helpful for a supply chain dealing with uncertainty.

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

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

The value that potential customers place on product cost and delivery time determines a company's

A ________ strategy specifies how the market will be segmented and how the product will be positioned,priced,and promoted.

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

An example of intrafunctional scope is that outsourcing a key component is reasonable if the savings in staying current in technology results in improved performance in other areas of R&D that permit improved overall performance.

Which of the following specifies the portfolio of new products that a company will try to develop?

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

Coordination in a Supply Chain

Managing Economies of Scale in a Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Linking Product Availability to Profits

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: Achieving Strategic Fit in a Supply Chain

Scope of strategic fit refers to both the

The value chain consists of direct and indirect activities.Which of the following is an indirect activity for an enterprise?

The authors cite IKEA as achieving an intercompany scope of strategic fit which serves to

Intercompany scope is broader than intrafunctional scope.

A company's product development strategy defines the set of customer needs that it seeks to satisfy through its products and services.

An aggressive investment in customer analytics represents the use of which lever to reduce supply chain uncertainty?

Supply chain responsiveness includes the ability to do which of the following?

Because demand and supply characteristics change,the supply chain strategy must change over the product life cycle if a company is to continue achieving strategic fit.

A graph with two axes with implied uncertainty along the horizontal axis and responsiveness along the vertical axis is referred to as the

The drive for strategic fit should come from

Uncertainty is nothing but an absence of the right information.

Having far more capacity than demand is helpful for a supply chain dealing with uncertainty.

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

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

The value that potential customers place on product cost and delivery time determines a company's

A ________ strategy specifies how the market will be segmented and how the product will be positioned,priced,and promoted.

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

An example of intrafunctional scope is that outsourcing a key component is reasonable if the savings in staying current in technology results in improved performance in other areas of R&D that permit improved overall performance.

Which of the following specifies the portfolio of new products that a company will try to develop?

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

Coordination in a Supply Chain

Managing Economies of Scale in a Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Linking Product Availability to Profits

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