Deck 1: Supply Chain Management: An Overview

Question 1

Traditionally,information has been viewed as flowing in the opposite direction of products,that is,from the market/customer back to the wholesalers,manufacturers,and vendors.

A) This is still true and has not changed.
B) Computerization has greatly increased the flow of information from the source.
C) The "Big Box" stores have developed their own sources.
D) None of these answers

Answer 1

D

Question 2

Supply and demand has become less volatile as managers become more adept at controlling the elements.

Answer 2

False

Question 3

One of the major challenges of supply chain management is

A) forward buying.
B) maintaining the visibility of inventory.
C) building safety-stock inventory.
D) Pushing inventory back to vendors.

Answer 3

B

Question 4

Even though there are references to supply chain management in the 1980s,SCM did not capture the attention of senior-level management until the 1990s.

Question 5

A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system.

Question 6

Which of these flows only one way as illustrated in the figure below?

A) information
B) products and services
C) financials
D) None of these answers

Question 7

Most retailers are essentially supply chain companies since

A) they dominate the consumer market.
B) own their warehouses and trucks.
C) they buy products produced by others.
D) engage in off-shore sourcing.

Question 8

The Supply Chain Concept

A) is very new and considered cutting edge technology.
B) is highly dependent of computerization.
C) not always well understood by senior managers.
D) developed from the previous Physical Distribution concept.

Question 9

Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape?

A) Government policy
B) Technology
C) Environmental concerns
D) Globalization

Question 10

The U.S.transportation system was deregulated in the 1930s and 1940s in response to economic conditions and World War 2.

Question 11

Outsourcing involves

A) moving company facilities away from the home office.
B) hiring foreign nationals to manage parts of the business.
C) obtaining materials,parts,and products from other companies.
D) building a factory in another country.

Question 12

The demographics of our society has changed because

A) the "Baby Boom" generation is now turning 60.
B) of the increase in two-career families and single-parent households.
C) of immigration.
D) birth rates have changed.

Question 13

Globalization has had little effect on consumers.

Question 14

SAB should examine their off-shore purchasing policy,even though the products are sourced from the U.S.

Question 15

Supply chain managers no longer need to worry about suboptimization in light of today's technology.

Question 16

The world economy still favors the United States and European countries,even though China and India can participate in the global economy much more readily.

Question 17

Some individuals describe the current consumer as the "click here" generation because

A) we all have Internet access.
B) we no longer wait for information to be "pushed out" to us.
C) we buy so much merchandise on line.
D) we take little time to make purchasing decisions.

Question 18

Logistics,in its simplest form,

A) is a military term,as it was developed originally to supply the battlefield.
B) combines inbound logistics with the outbound logistics of physical distribution.
C) is another term for transportation management.
D) does not involve customer service or other related functions.

Question 19

The last decade of the twentieth century was a period of rapid change for organizations,especially businesses.

Question 20

Outsourcing is a fairly new concept.

Question 21

Which of the following is not part of the Supply Chain network?

A) plants
B) stores
C) terminals
D) distribution centers

Question 22

Performance measurement is important because

A) it allows firms to rate competitors.
B) without it,managers would not know how the global economy is doing.
C) companies presently operating in the European Economic Community need to understand how its competitors are doing.
D) lower-level metrics in an organization must connect directly to the high-level performance to achieve goals.

Question 23

Discuss how Performance Measurement can affect Supply Chain Management.

Question 24

Describe the flows in the figure below.

Question 25

A critical outcome of the supply chain is to deliver

A) profits.
B) the right product to the right place.
C) cost/value.
D) on management's expectations.

Question 26

Discuss how globalization and consolidation in supply have increased complexity.

Question 27

The challenge to develop and sustain an efficient and effective supply chain(s)requires organizations to address a number of issues.Which is not included?

A) complexity
B) inventory deployment
C) inventory carrying costs
D) technology

Question 28

Explain how today's consumers are empowered and how they impact Supply Chain Management.

Question 29

What is the role of Transportation Management in connection with Supply Chains?

Question 30

What is Vendor Managed Inventory?

Question 31

Cost/Value refers to

A) getting the best value for the money spent.
B) U.S.firms competing in the global arena.
C) the importance of cost and value at the very end of the supply chain.
D) product variety.

Question 32

Complexity in the supply chain is caused by

A) the number of SKUs.
B) locations of customers and suppliers.
C) transportation requirements.
D) All of these answers.

Question 33

What is the significance of Globalization in Supply Chain Management?