Question 1

_____ refers to the percentage of orders delivered on or before customer due dates.

Accepted Answer

The answer of _____ refers to the percentage of orders...

Question 2

The integration element of a supply chain management system involves:

Accepted Answer

A)  purchase of components, supplier selection, and strategic alliances. 
B)  coordination, measurement, and control across the entire supply chain. 
C)  transportation, CRM, and logistics parties. 
D)  lean, inventory control, and product quality. 
E)  sales promotion, events, PR, and publicity.

Question 3

A program that involves planning and controlling the actions with upstream suppliers including supplier analysis, order execution, payment, and performance monitoring is known as a decision support system.

Accepted Answer

A) True 
 B)False

Question 4

Supply chain management requires several types of software packages and the need to successfully integrate them.

Accepted Answer

A) True 
 B)False

Question 5

The total vertical integration approach may work in some industries where firms recognize that it is economically advantageous to outsource noncore activities.

Accepted Answer

A) True 
 B)False

Question 6

Supply chain management success needs new levels of trust and respect for it to function properly in the long run.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following elements of supply chain management system involves the coordination of all activities across the entire supply chain?

Accepted Answer

A)  Operations 
B)  Distribution 
C)  Integration 
D)  Procurement 
E)  Innovation

Question 8

Fourth-party logistics providers offer services that:

Accepted Answer

A)  synthesize a variety of services, including the shipping of goods, warehousing, inventory management, and packaging. 
B)  do not require the provider to own shipping assets or warehouses. 
C)  provide the means of transportation, including shipping freight by air, rail, or truck. 
D)  specialize in offering an array of services to simplify transportation. 
E)  are associated with facilitating customs operation and the resolution of problems associated with international transportation.

Question 9

In a non-zero-sum game, it is possible for all the players to win or for all the players to lose.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following elements of supply chain management system deals with demand management?

Accepted Answer

A)  Innovation 
B)  Operations 
C)  Distribution 
D)  Integration 
E)  Procurement

Question 11

The globally recognized _____ program is ISO 9000, a program designed to ensure that suppliers are fully committed to quality production.

Accepted Answer

The answer of The globally recognized _____ program is ISO...

Question 12

Which of the following enables businesses to benchmark their supply chain management systems?

Accepted Answer

A)  SCOR model 
B)  Financial leverage ratio 
C)  Lean methodology 
D)  Managerial accounting system 
E)  Liquidity ratio

Question 13

Free trade advocates that nations lower or eliminate trade barriers and tariffs so that countries might develop some particular competencies so that they can participate in the global economy.

Accepted Answer

A) True 
 B)False

Question 14

What are the technical and managerial risks associated with supply chain management?

Accepted Answer

The answer of What are the technical and managerial risks...

Question 15

Which of the following defines logistics?

Accepted Answer

A)  An approach to inventory that seeks to eliminate excess waste and reduce inventory to a minimal level. 
B)  A computerized inventory control system that schedules the production of goods and takes into consideration the available and the required inventory. 
C)  The active management of the distribution of materials throughout a system. 
D)  A series of techniques designed to eliminate waste from manufacturing and service processes and provide greater customer value. 
E)  A service approach that hopes to build a long-term and sustainable relationship with customers that has value for both the customer and the company.

Exam 11: Supply Chain Management: You Better Get It Right

_____ refers to the percentage of orders delivered on or before customer due dates.

The integration element of a supply chain management system involves:

A program that involves planning and controlling the actions with upstream suppliers including supplier analysis, order execution, payment, and performance monitoring is known as a decision support system.

Supply chain management requires several types of software packages and the need to successfully integrate them.

The total vertical integration approach may work in some industries where firms recognize that it is economically advantageous to outsource noncore activities.

Supply chain management success needs new levels of trust and respect for it to function properly in the long run.

Which of the following elements of supply chain management system involves the coordination of all activities across the entire supply chain?

Fourth-party logistics providers offer services that:

In a non-zero-sum game, it is possible for all the players to win or for all the players to lose.

Which of the following elements of supply chain management system deals with demand management?

The globally recognized _____ program is ISO 9000, a program designed to ensure that suppliers are fully committed to quality production.

Which of the following enables businesses to benchmark their supply chain management systems?

Free trade advocates that nations lower or eliminate trade barriers and tariffs so that countries might develop some particular competencies so that they can participate in the global economy.

What are the technical and managerial risks associated with supply chain management?

Which of the following defines logistics?