Question 1

It is anticipated that software as a service (SaaS), GPS and Cloud Computing technologies should assist significantly in achieving enhanced supply chain flexibility and facilitating network-type solutions.

Accepted Answer

A) True 
 B)False

Question 2

Explain differentiation strategies in general, and describe three such strategies in detail.

Accepted Answer

The answer of Explain differentiation strategies in general, and describe...

Question 3

The seven principles of supply chain management have stood the test of time very well.

Accepted Answer

A) True 
 B)False

Question 4

The primary goal of a differentiation strategy is make your firm's products appear to be different than your competitors' products.

Accepted Answer

A) True 
 B)False

Question 5

Name any five of the seven principles of supply chain management, and choose two to discuss in more detail.

Accepted Answer

The answer of Name any five of the seven principles...

Question 6

CEOs view SCM initiatives as being primarily focused on cost reduction.

Accepted Answer

A) True 
 B)False

Question 7

What is the prevailing attitude of CEOs towards supply chain management? What can supply chain executives do to attempt to change this perception?

Accepted Answer

The answer of What is the prevailing attitude of CEOs...

Question 8

The most compelling "financial strategy" is the pursuit of cost reduction and profit improvement.

Accepted Answer

A) True 
 B)False

Question 9

A 4PL is

Accepted Answer

A)  a 3PL owned by transportation related firm. 
B)  a 3PL located in a foreign trade zone. 
C)  a 3PL looked to for providing competencies related to knowledge availability, information technology, and skills in forming and sustaining supply chain relationships 
D)  a group of 3PLs owned by the company.

Question 10

The fourth principle of supply chain management is to differentiate products closer to the customer.

Accepted Answer

A) True 
 B)False

Question 11

Time-Reduction Logistics Initiatives

Accepted Answer

A)  require a total re-evaluation of supply chain strategies. 
B)  could change pull to push. 
C)  could change push to pull 
D)  have not found as much interest as other strategies.

Question 12

Corporate leaders

Accepted Answer

A)  already understand the importance of supply chain excellence. 
B)  are seeking to reduce corporate assets which could have serious implications for supply chain managers. 
C)  are managing on a quarterly results because of Wall Street expectations. 
D)  do not clearly understand the importance of supply chain excellence.

Question 13

For businesses, collaboration skills are very important to develop.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is not part of how world class collaboration skills are developed?

Accepted Answer

A)  Define the benefits of collaboration 
B)  Make the investment 
C)  Determine how the benefits will be shared 
D)  Dedicate "A" players

Question 15

Questions regarding financial vs. non-financial benefits of collaboration include

Accepted Answer

A)  whether collaboration pays for itself. 
B)  making sure that each firm uses the same type of accounting systems and fiscal year reporting. 
C)  that KPIs for involved parties should be widely distributed among the partners. 
D)  a reason for undertaking this task, as it is quite difficult.

Question 16

Discuss the impact of collaboration on business processes, and the financial versus non- financial benefits of collaboration.

Accepted Answer

The answer of Discuss the impact of collaboration on business...

Question 17

The most compelling financial strategy is

Accepted Answer

A)  profit improvement. 
B)  cash to cash cycle management. 
C)  operational efficiency. 
D)  inventory productivity.

Question 18

This information technology is a shelf-level collaboration solution between consumer goods manufacturers and retailers, wherein the manufacturers pull in the point-of-sale (POS) data and other data that minimizes the bullwhip effect.

Accepted Answer

A)  Warehouse technology 
B)  Enterprise Resource Planning (ERP) 
C)  Radio Frequency Identification (RFI
D)  
D)  Demand Signal Depositories

Question 19

When a firm "sources strategically," it is

Accepted Answer

A)  working together with customers and suppliers in a creative, positive way. 
B)  seeking least cost vendors. 
C)  matching product and raw material flows to minimize transportation costs. 
D)  reacting to current competitive situations.

Exam 16: Strategic Challenges and Change for Supply Chains

It is anticipated that software as a service (SaaS), GPS and Cloud Computing technologies should assist significantly in achieving enhanced supply chain flexibility and facilitating network-type solutions.

Explain differentiation strategies in general, and describe three such strategies in detail.

The seven principles of supply chain management have stood the test of time very well.

The primary goal of a differentiation strategy is make your firm's products appear to be different than your competitors' products.

Name any five of the seven principles of supply chain management, and choose two to discuss in more detail.

CEOs view SCM initiatives as being primarily focused on cost reduction.

What is the prevailing attitude of CEOs towards supply chain management? What can supply chain executives do to attempt to change this perception?

The most compelling "financial strategy" is the pursuit of cost reduction and profit improvement.

A 4PL is

The fourth principle of supply chain management is to differentiate products closer to the customer.

Time-Reduction Logistics Initiatives

Corporate leaders

For businesses, collaboration skills are very important to develop.

Which of the following is not part of how world class collaboration skills are developed?

Questions regarding financial vs. non-financial benefits of collaboration include

Discuss the impact of collaboration on business processes, and the financial versus non- financial benefits of collaboration.

The most compelling financial strategy is

This information technology is a shelf-level collaboration solution between consumer goods manufacturers and retailers, wherein the manufacturers pull in the point-of-sale (POS) data and other data that minimizes the bullwhip effect.

When a firm "sources strategically," it is