Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

A supply chain performance measurement system focuses on meeting sales or cost figures.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following was a popular way in the 1990's of developing radically new business processes in an effort to reduce waste and increase performance?

Accepted Answer

A) ​Business process reengineering 
B) ​Benchmarking 
C) ​Process integration 
D) ​Vertical integration 
A) ​Business process reengineering 
B) ​Benchmarking 
C) ​Process integration 
D) ​Vertical integration

Question 4

Sophisticated customers,both industrial and consumer,no longer talk about price increases - they demand price reductions!​

Accepted Answer

A) True 
 B)False

Question 5

Real time location systems (RTLS)are used for the following type of transportation:

Accepted Answer

A) Motor carriers 
B) Rail Carriers 
C) Air carriers 
D) Water carriers 
A) Motor carriers 
B) Rail Carriers 
C) Air carriers 
D) Water carriers

Question 6

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

Accepted Answer

A) True 
 B)False

Question 7

Efficient supply chain management distribution requires that modern warehouses concentrate their efforts on a wide array of warehousing and distribution functions like storing purchases,work in progress inventories,and finished goods inventories,receiving shipments,breaking down shipments,repackaging,and the distribution of components.

Accepted Answer

A) True 
 B)False

Question 8

A furniture manufacturer presently owns a total of four warehouses in the following cities Sacramento,Phoenix,Cincinnati,and Atlanta.The average inventory levels for the four warehouses are 8000 units,10,000 units,10,000 units,and 8000 units,respectively.They plan on moving all of their inventory to one warehouse in Memphis.Using the square root rule,what will be the required average inventory level at the new central Memphis warehouse required to maintain the system's present 98% customer service level? (Choose the closest answer. )

Accepted Answer

A) 9000 
B) 18000 
C) 20000 
D) 24500 
A) 9000 
B) 18000 
C) 20000 
D) 24500

Question 9

According to the textbook,retail stores are considered the focal firms in modern supply chains.

Accepted Answer

A) True 
 B)False

Question 10

While high speed trains in the United States are commonly utilized to provide quick delivery of product,countries like Japan and France are struggling to develop a competitive high-speed rail system.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is an example of a purchased direct item for a manufacturing firm?

Accepted Answer

A) ​Parts and components. 
B) ​Travel. 
C) ​Office and janitorial supplies. 
D) ​Advertising and media. 
E) ​Personal computers. 
A) ​Parts and components. 
B) ​Travel. 
C) ​Office and janitorial supplies. 
D) ​Advertising and media. 
E) ​Personal computers.

Question 12

Some of the e-commerce related services that transportation companies offer nowadays to remain competitive include allowing customers to plan itineraries,get freight quotes,and track shipments online.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following carriers typically transports goods for the company that owns the carrier,they are not subject to economic regulation,and since the fleets are rather large the cost of transport is very likely less than if the company had hired another company to provide the service?

Accepted Answer

A) Common carrier 
B) Exempt Carrier 
C) Contract Carrier 
D) Private Carrier 
A) Common carrier 
B) Exempt Carrier 
C) Contract Carrier 
D) Private Carrier

Question 14

The development of strategic purchasing practices can only help a company maintain its competitive position in a rapidly changing business environment.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) ​An increasing emphasis on domestic sourcing due to the longer lead times and higher levels of pipeline inventories associated with global sourcing. 
B) ​The cost and availability of information resources among entities in the supply chain that allow easy linkages that eliminate time delays in the network. 
C) ​The level of competition in both domestic and international markets requires organizations to be fast,agile,and flexible. 
D) ​Customer expectations and requirements that are becoming much more demanding. 
E) ​The ability of an organization's supply chain to identify and mitigate risk minimizes disruptions in both supply and downstream product or services to mitigate the impact on lost sales. 
A) ​An increasing emphasis on domestic sourcing due to the longer lead times and higher levels of pipeline inventories associated with global sourcing. 
B) ​The cost and availability of information resources among entities in the supply chain that allow easy linkages that eliminate time delays in the network. 
C) ​The level of competition in both domestic and international markets requires organizations to be fast,agile,and flexible. 
D) ​Customer expectations and requirements that are becoming much more demanding. 
E) ​The ability of an organization's supply chain to identify and mitigate risk minimizes disruptions in both supply and downstream product or services to mitigate the impact on lost sales.

Question 16

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 17

Many large firms are moving to in-house vertically integrated structures where they have more control over each business unit.

Accepted Answer

A) True 
 B)False

Question 18

According to the text,FOB destination pricing is typically preferred for all of the following EXCEPT:

Accepted Answer

A) High-value shipments 
B) Buyer has little transportation expertise 
C) Buyer is purchasing a reoccurring order 
D) Small shipments 
A) High-value shipments 
B) Buyer has little transportation expertise 
C) Buyer is purchasing a reoccurring order 
D) Small shipments

Question 19

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

Accepted Answer

A) ​More people are opening small specialized mom-and-pop businesses 
B) ​Competition is contracting in all industries and markets around the world 
C) ​Communication technologies make partnerships much easier than ever before 
D) ​Companies are adopting 3 working shifts 
A) ​More people are opening small specialized mom-and-pop businesses 
B) ​Competition is contracting in all industries and markets around the world 
C) ​Communication technologies make partnerships much easier than ever before 
D) ​Companies are adopting 3 working shifts

Question 20

Which of the following statements is TRUE?

Accepted Answer

A) ​Supply chain management was invented by the auto manufacturing industry 
B) ​Strategic partnerships are seen as one of the foundations of supply chain management 
C) ​Purchasing is seen as the final and most difficult step in the supply chain 
D) ​Service response logistics is the digital distribution of services 
A) ​Supply chain management was invented by the auto manufacturing industry 
B) ​Strategic partnerships are seen as one of the foundations of supply chain management 
C) ​Purchasing is seen as the final and most difficult step in the supply chain 
D) ​Service response logistics is the digital distribution of services

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

A supply chain performance measurement system focuses on meeting sales or cost figures.

Which of the following was a popular way in the 1990's of developing radically new business processes in an effort to reduce waste and increase performance?

Sophisticated customers,both industrial and consumer,no longer talk about price increases - they demand price reductions!

Real time location systems (RTLS)are used for the following type of transportation:

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

According to the textbook,retail stores are considered the focal firms in modern supply chains.

While high speed trains in the United States are commonly utilized to provide quick delivery of product,countries like Japan and France are struggling to develop a competitive high-speed rail system.

Which of the following is an example of a purchased direct item for a manufacturing firm?

Some of the e-commerce related services that transportation companies offer nowadays to remain competitive include allowing customers to plan itineraries,get freight quotes,and track shipments online.

Which of the following carriers typically transports goods for the company that owns the carrier,they are not subject to economic regulation,and since the fleets are rather large the cost of transport is very likely less than if the company had hired another company to provide the service?

The development of strategic purchasing practices can only help a company maintain its competitive position in a rapidly changing business environment.

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

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

Many large firms are moving to in-house vertically integrated structures where they have more control over each business unit.

According to the text,FOB destination pricing is typically preferred for all of the following EXCEPT:

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

Which of the following statements is TRUE?

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

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

A supply chain performance measurement system focuses on meeting sales or cost figures.

Which of the following was a popular way in the 1990's of developing radically new business processes in an effort to reduce waste and increase performance?

Sophisticated customers,both industrial and consumer,no longer talk about price increases - they demand price reductions!​

Real time location systems (RTLS)are used for the following type of transportation:

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

According to the textbook,retail stores are considered the focal firms in modern supply chains.

While high speed trains in the United States are commonly utilized to provide quick delivery of product,countries like Japan and France are struggling to develop a competitive high-speed rail system.

Which of the following is an example of a purchased direct item for a manufacturing firm?

Some of the e-commerce related services that transportation companies offer nowadays to remain competitive include allowing customers to plan itineraries,get freight quotes,and track shipments online.

Which of the following carriers typically transports goods for the company that owns the carrier,they are not subject to economic regulation,and since the fleets are rather large the cost of transport is very likely less than if the company had hired another company to provide the service?

The development of strategic purchasing practices can only help a company maintain its competitive position in a rapidly changing business environment.

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

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

Many large firms are moving to in-house vertically integrated structures where they have more control over each business unit.

According to the text,FOB destination pricing is typically preferred for all of the following EXCEPT:

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

Which of the following statements is TRUE?

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

Sophisticated customers,both industrial and consumer,no longer talk about price increases - they demand price reductions!

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