Question 1

Companies address uncertainty in their supply chains by holding extra inventory.

Accepted Answer

A) True 
 B)False

Question 2

Discuss information technologies currently available for supply chain management.

Accepted Answer

Information technology has become the mo...

Question 3

What processes comprise the supply chain and how are the processes integrated?

Accepted Answer

The supply chain can be viewed as an int...

Question 4

One way to cope with the bullwhip effect is for supply chain members to share demand information.

Accepted Answer

A) True 
 B)False

Question 5

A supply chain consists of an integrated group of processes to source, make, and store products.

Accepted Answer

A) True 
 B)False

Question 6

All the following are enablers of efficient supply chain management except

Accepted Answer

A)   bar codes.
B)   price tags.
C)   RFID tags.
D)   the Internet.

Question 7

Increased uncertainty and variability in a supply chain typically results in

Accepted Answer

A)   faster deliveries.
B)   more accurate order fulfillment.
C)   larger inventories.
D)   lower costs.

Question 8

Suppliers are upstream members of a supply chain.

Accepted Answer

A) True 
 B)False

Question 9

Traditionally, each supply chain member was viewed as a separate, stand-alone entity focused on its own goals.

Accepted Answer

A) True 
 B)False

Question 10

Suppliers and customers rarely participate in the design of a supply chain.

Accepted Answer

A) True 
 B)False

Question 11

All of the following are performance metrics in the SCOR system, except

Accepted Answer

A)   perfect order fulfillment.
B)   production flexibility.
C)   value-added productivity.
D)   asset fulfillment.

Question 12

Supply chain management focuses on integrating and managing the flow of

Accepted Answer

A)   services.
B)   information.
C)   goods.
D)   all the above.

Question 13

The bullwhip effect occurs when slight to moderate demand variability becomes magnified as demand information is transmitted back upstream.

Accepted Answer

A) True 
 B)False

Question 14

Because value chain and supply chain have similar meanings they are often used interchangeably.

Accepted Answer

A) True 
 B)False

Question 15

Supply chain integration does not involve ___ among supply chain members.

Accepted Answer

A)   providing information
B)   collaborating on replenishment
C)   reducing competition
D)   coordinating work flows

Question 16

Define supply chains with respect to both manufacturing and services.

Accepted Answer

A supply chain is a network of suppliers...

Question 17

Supply chains for services are easier to define than supply chains for manufactured goods.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is not one of the three key performance indicators (KPI)  used to measure supply chain performance?

Accepted Answer

A)   inventory turnover
B)   postponement rate
C)   inventory days of supply
D)   fill rate

Question 19

A supply chain encompasses only the activities associated with the flow of goods and services.

Accepted Answer

A) True 
 B)False

Question 20

Discuss tools for monitoring supply chain performance and calculate key performance indicators.

Accepted Answer

Three of the more widely used key perfor...

Exam 10: Supply Chain Management Strategy and Design

Supply chains for services are easier to define than supply chains for manufactured goods.

Correct AnswerverifiedShow Answer

Define supply chains with respect to both manufacturing and services.

Correct AnswerverifiedA supply chain is a network of suppliers...View AnswerShow Answer

Companies address uncertainty in their supply chains by holding extra inventory.

Correct AnswerverifiedShow Answer

Suppliers and customers rarely participate in the design of a supply chain.

Correct AnswerverifiedShow Answer

The bullwhip effect occurs when slight to moderate demand variability becomes magnified as demand information is transmitted back upstream.

Correct AnswerverifiedShow Answer

A supply chain consists of an integrated group of processes to source, make, and store products.

Correct AnswerverifiedShow Answer

One way to cope with the bullwhip effect is for supply chain members to share demand information.

Correct AnswerverifiedShow Answer

All of the following are performance metrics in the SCOR system, except

Correct AnswerverifiedShow Answer

Which of the following is not one of the three key performance indicators (KPI) used to measure supply chain performance?

Correct AnswerverifiedShow Answer

Discuss information technologies currently available for supply chain management.

Correct AnswerverifiedInformation technology has become the mo...View AnswerShow Answer

All the following are enablers of efficient supply chain management except

Correct AnswerverifiedShow Answer

Suppliers are upstream members of a supply chain.

Correct AnswerverifiedShow Answer

Supply chain management focuses on integrating and managing the flow of

Correct AnswerverifiedShow Answer

What processes comprise the supply chain and how are the processes integrated?

Correct AnswerverifiedThe supply chain can be viewed as an int...View AnswerShow Answer

Traditionally, each supply chain member was viewed as a separate, stand-alone entity focused on its own goals.

Correct AnswerverifiedShow Answer

A supply chain encompasses only the activities associated with the flow of goods and services.

Correct AnswerverifiedShow Answer

Because value chain and supply chain have similar meanings they are often used interchangeably.

Correct AnswerverifiedShow Answer

Discuss tools for monitoring supply chain performance and calculate key performance indicators.

Correct AnswerverifiedThree of the more widely used key perfor...View AnswerShow Answer

Supply chain integration does not involve ___ among supply chain members.

Correct AnswerverifiedShow Answer

Increased uncertainty and variability in a supply chain typically results in

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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A supply chain is a network of suppliers...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Information technology has become the mo...
View Answer

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Correct Answer
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Correct Answer
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Correct Answer
verified
The supply chain can be viewed as an int...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Three of the more widely used key perfor...
View Answer

Correct Answer
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Correct Answer
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