Exam 1: Introduction to Supply Chain Management

According to the textbook,the order of product & service flow is as follows:​

Global sourcing is a requirement and no longer a luxury for most firms.

A _____ is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products,services,finances,and information from a source to a customer.

_____ 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.

The following is an example of the bullwhip effect:

Distribution management involves the management of packaging,storing,and handling of materials at receiving docks,warehouses,and retail outlets.

Supply chain management does not require the coordination of activities and flows that do not extend across boundaries.

According to the text,currently the three largest private warehouse operators in North America are:

Because air transport is so expensive the best cargo candidates for air travel are those cargo shipments with a high cost to weight ratio.

An abundance of competitors and choices have conditioned customers to want higher quality,faster delivery,and products and services tailored to their individual needs at a higher total cost.

In cost-of-service pricing,the cost of shipping increases proportionally with distance.

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

Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock levels since the negatively correlated market demands reduce the overall demand variance across the markets which the centralized warehouse services.

Which of the following is NOT consistent with a decentralized warehousing system?

A shipment that originates in Los Angeles and is placed inside a sealed standardized 8' by 8' by 20' container attached to a truck trailer and is moved from Los Angeles to Phoenix where the container is then moved to a railcar for final shipment to Denver where it would then be loaded onto another truck trailer would be considered an intermodal shipment since the container remained sealed throughout the shipment.

_____ refers to the process of assessing and selecting the structure and formal system of communication,division of labor,coordination,control,authority,and responsibility required to achieve organizational goals and objectives,including supply chain objectives.

The responsibility of transportation is to create both time utility and place utility,which means that products will be delivered at precisely the right time to the desired location.

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

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

Transportation management,customer relationship management,distribution network,and service response logistics are all important issues that are most closely related to: