Question 1

Smaller warehouses are more effective in terms of cost.

Accepted Answer

A) True 
 B)False

Question 2

What are some methods companies utilize to be sure their products are of sound quality when outsourcing?

Accepted Answer

The answer of What are some methods companies utilize to...

Question 3

Consumers are very interested in knowing where their products come from.

Accepted Answer

A) True 
 B)False

Question 4

_____ is the process of estimating how much of a good or service a customer will buy from you.

Accepted Answer

The answer of _____ is the process of estimating how...

Question 5

Freight forwarders typically own their own transportation equipment and warehouses.

Accepted Answer

A) True 
 B)False

Question 6

The rational for utilizing supply chain visibility is that:

Accepted Answer

A)  businesses need employee incentives. 
B)  firms need to utilize detail contracts. 
C)  transaction information is valuable. 
D)  spreadsheets perform the necessary work effectively. 
E)  a supplier will be more reliable.

Question 7

Alan must first go through the process of _____ before he procures goods and services for his organization.

Accepted Answer

The answer of Alan must first go through the process...

Question 8

One way for Amy to forecast demand is to look at her company's previous sales reports.

Accepted Answer

A) True 
 B)False

Question 9

Describe the strategy Zara implemented in reference to its supply chain that ultimately provided it with a competitive advantage.

Accepted Answer

The answer of Describe the strategy Zara implemented in reference...

Question 10

Companies may join the Fair Trade movement to convey that they are _____.

Accepted Answer

A)  outsourcing 
B)  socially responsible 
C)  environmentally ethical 
D)  environmentally sustainable 
E)  efficient

Question 11

Social responsibility is the idea that a company should manage their business,not just to earn profits,but to advance _____.

Accepted Answer

The answer of Social responsibility is the idea that a...

Question 12

Explain how Patagonia utilizes reverse logistics.

Accepted Answer

The answer of Explain how Patagonia utilizes reverse logistics....

Question 13

Provide examples of how companies can forecast demand.

Accepted Answer

The answer of Provide examples of how companies can forecast...

Question 14

_____ and _____ have become a larger part of Sally's role as a supply manager since she first started.

Accepted Answer

A)  Segmenting; targeting 
B)  Outsourcing; procurement 
C)  Sourcing; procurement 
D)  Offshoring; sourcing 
E)  Segmenting; procurement

Question 15

Firms with just-in-time inventory systems keep very little inventory on hand.

Accepted Answer

A) True 
 B)False

Question 16

If a firm can find a company that can add more value to a function than it can itself,it will often _____ the task to that company.

Accepted Answer

A)  offshore 
B)  procure 
C)  source 
D)  outsource 
E)  insource

Question 17

A(n)_____ is an organization whose duties include consolidating small loads of freight,negotiating rates for their shipment,and booking space for them on transportation vehicles and in warehouses.

Accepted Answer

The answer of A(n)_____ is an organization whose duties include...

Question 18

Retailers may forego utilizing a CPFR strategy,preferring to sell sales information to third parties.

Accepted Answer

A) True 
 B)False

Question 19

_____ synthesizes information including sales history,point-of-sale data,warehouse data,supplier data,promotion information,and economic trends.

Accepted Answer

A)  Demand-planning software 
B)  An exponential system 
C)  Value-based marketing 
D)  Strategic marketing 
E)  A value chain system

Question 20

_____ is a good option for a company transporting freshly cut flowers.

Accepted Answer

The answer of _____ is a good option for a...

Exam 9: Using Supply Chains to Create Value for Customers

Smaller warehouses are more effective in terms of cost.

What are some methods companies utilize to be sure their products are of sound quality when outsourcing?

Consumers are very interested in knowing where their products come from.

_____ is the process of estimating how much of a good or service a customer will buy from you.

Freight forwarders typically own their own transportation equipment and warehouses.

The rational for utilizing supply chain visibility is that:

Alan must first go through the process of _____ before he procures goods and services for his organization.

One way for Amy to forecast demand is to look at her company's previous sales reports.

Describe the strategy Zara implemented in reference to its supply chain that ultimately provided it with a competitive advantage.

Companies may join the Fair Trade movement to convey that they are _____.

Social responsibility is the idea that a company should manage their business,not just to earn profits,but to advance _____.

Explain how Patagonia utilizes reverse logistics.

Provide examples of how companies can forecast demand.

_ and _ have become a larger part of Sally's role as a supply manager since she first started.

Firms with just-in-time inventory systems keep very little inventory on hand.

If a firm can find a company that can add more value to a function than it can itself,it will often _____ the task to that company.

A(n)_____ is an organization whose duties include consolidating small loads of freight,negotiating rates for their shipment,and booking space for them on transportation vehicles and in warehouses.

Retailers may forego utilizing a CPFR strategy,preferring to sell sales information to third parties.

_____ synthesizes information including sales history,point-of-sale data,warehouse data,supplier data,promotion information,and economic trends.

_____ is a good option for a company transporting freshly cut flowers.