Question 1

With additional functional products, the policies in the supply chain should be designed primarily to supply at the _________.

Accepted Answer

A) Lowest possible cost 
B) Highest possible cost 
C) Average cost 
D) None of the above. A

Question 2

__________ is most predictable during the maturity stage of the product life cycle.

Accepted Answer

A) Supply 
B) Risk 
C) Demand 
D) All of the above. C

Question 3

The management of supply chain responsiveness is especially important when operating in a competitive market where short customer ___________ are required

Accepted Answer

A) Lead Times 
B) Demand 
C) Satisfaction 
D) All of the above A

Question 4

Responsiveness can be defined as the ability to react purposefully and within a(n) _________or changes in the marketplace.

Accepted Answer

A) Appropriate time scale to customer demand 
B) Appropriate value scale to customer demand 
C) Flexibility of aggressive supply 
D) All of the above.

Question 5

___________ are used to track the efficiency and responsiveness of the modeled supply chain, and include the total inventory cost incurred in the system.

Accepted Answer

A) Production measures 
B) Performance measures 
C) Predictability measures 
D) Variance measures

Question 6

__________ is where individual stores reorder based on the subjective judgments of store management, which can be useful when special influences such as promotions need to be considered.

Accepted Answer

A) Automatic pull 
B) Manual pull 
C) Manual push 
D) Automatic push

Question 7

In interrelationships forms, it is obvious which combination of ______________ will have the desired effect in the short or long term.

Accepted Answer

A) Strategic levers 
B) Operational levers 
C) Both. 
D) None of the above.

Question 8

___________provides a systematic approach to linking cause and effect in complex, dynamic situations.

Accepted Answer

A) Organizational dynamics 
B) System dynamics 
C) Consumer dynamics 
D) All of the above.

Question 9

There are several players in the supply chain, and each of them addresses aspects of ___________________.

Accepted Answer

A) Demand 
B) Production 
C) Supply management 
D) All of the above.

Question 10

The key difference between different planning set-ups in this supply chain model is due to _____________ by the supply chain members.

Accepted Answer

A) Differences in the decision-making policies 
B) Differences in the Customer Relationship Management 
C) Difference in SRM 
D) None of the above.

Question 11

Increasing the degree of responsiveness is hard to achieve and typically involves __________________.

Accepted Answer

A) Trade-off decisions by management. 
B) Trade-off decisions by suppliers. 
C) Trade-off decisions by consumers. 
D) All of the above.

Question 12

In___________, the impact of external effects (for example a strike at a supplier causing a component shortage), is analyzed.

Accepted Answer

A) Strategic analysis 
B) Fundamental analysis 
C) Simulation 
D) All of the above.

Question 13

One practical approach to increase responsiveness could be to raise the _____________ of finished goods or components.

Accepted Answer

A) Inventory levels 
B) Supply levels 
C) Demand levels 
D) Advertising levels

Question 14

The supply chain often has delays in ___________ due to various conditions.

Accepted Answer

A) Information processing 
B) Production 
C) Shipment delays 
D) All of the above.

Question 15

Commodity-like functional products usually require more efficient supply chains, combined with minimization of the ______________.

Accepted Answer

A) Bullwhip effect 
B) Decreased supply effect 
C) CRM diminishing 
D) All of the above

Question 16

_____________ is where the product is rolled out to the stores based on a central plan that considers experience from the past, information on demography, buyer behavior, product and salvage value, etc..

Accepted Answer