Question 1

Time-based strategies could affect

Accepted Answer

A)  the length of the cash to cash cycle. 
B)  location selections. 
C)  CEOs' understanding of supply chain management. 
D)  the seven principles. 
A)  the length of the cash to cash cycle. 
B)  location selections. 
C)  CEOs' understanding of supply chain management. 
D)  the seven principles. A

Question 2

Key performance indicators (KPIs) that require ownership and commitment to the objectives by all involved parties are needed for the success of relationship-based strategies.

Accepted Answer

A) True 
 B)False  True

Question 3

There are ________ high-priority areas in which it is important to develop effective logistics and supply chain strategies

Accepted Answer

A)  four 
B)  five 
C)  six 
D)  seven 
A)  four 
B)  five 
C)  six 
D)  seven B

Question 4

Corporate executives are already well aware of the impact supply chain management can have on their businesses.

Accepted Answer

A) True 
 B)False

Question 5

Facility Utilization and Equipment Utilization Strategies are

Accepted Answer

A)  complementary. 
B)  contradictory. 
C)  unrelated. 
D)  difficult to put in place without effective collaboration. 
A)  complementary. 
B)  contradictory. 
C)  unrelated. 
D)  difficult to put in place without effective collaboration.

Question 6

Outsourcing is a way to reduce asset investment as well as to address strategic and customer- focused objectives.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following does not belong in the list of the seven principles of supply chain management?

Accepted Answer

A)  Segment Customers Based on Service Needs 
B)  Differentiate Products Closer to the Customer 
C)  Develop Outsourcing Strategy to Maximize Asset Utilization 
D)  Adopt Channel-Spanning Performance Measures 
A)  Segment Customers Based on Service Needs 
B)  Differentiate Products Closer to the Customer 
C)  Develop Outsourcing Strategy to Maximize Asset Utilization 
D)  Adopt Channel-Spanning Performance Measures

Question 8

The first principle of supply chain management is to segment customers based on profit.

Accepted Answer

A) True 
 B)False

Question 9

As a result of the economic recession that occurred in the 2008-2010 timeframe, growth in supply chain technology has stagnated.

Accepted Answer

A) True 
 B)False

Question 10

Discuss collaboration, and describe the elements of successful collaboration.

Accepted Answer

Collaboration occurs when companies work

Question 11

The "facility utilization" strategy places a high priority on making sure that all supply chain facilities create value only for the individual organizations.

Accepted Answer

A) True 
 B)False

Question 12

Collaboration occurs when

Accepted Answer

A)  a firm seeks advantages by sourcing with critical partners. 
B)  companies leverage each other on an operational basis so that together they perform better than they did separately. 
C)  many logistics or supply chain improvements can be made within one firm by eliminating "stovepipes". 
D)  senior executives focus on supply chain economies to improve their firms' financials. 
A)  a firm seeks advantages by sourcing with critical partners. 
B)  companies leverage each other on an operational basis so that together they perform better than they did separately. 
C)  many logistics or supply chain improvements can be made within one firm by eliminating "stovepipes". 
D)  senior executives focus on supply chain economies to improve their firms' financials.

Question 13

Decision making is part of the Cycle Time Reduction strategy.

Accepted Answer

A) True 
 B)False

Question 14

An effective time-based strategy should consider the tradeoffs between transportation, inventory, and warehousing costs.

Accepted Answer

A) True 
 B)False

Question 15

There are four financial strategies. Name them, and pick two to discuss in more details.

Accepted Answer

By placing a priority on cost control, p

Question 16

How would you develop world-class collaboration skills?

Accepted Answer

One key to being a growth contributor is

Question 17

CEOs view SCM initiatives

Accepted Answer

A)  as an area which can be left to second tier executives. 
B)  being primarily focused on cost reduction. 
C)  being primarily focused on top line growth. 
D)  being more of a financial concern. 
A)  as an area which can be left to second tier executives. 
B)  being primarily focused on cost reduction. 
C)  being primarily focused on top line growth. 
D)  being more of a financial concern.

Question 18

Name and briefly discuss the global forces that are shaping the business landscape, and the significance of each to the domain of supply chain management.

Accepted Answer

In June 2010, McKinsey & Company publish

Question 19

When a firm "customizes" their supply chain, it is

Accepted Answer

A)  trying to improve asset utilization. 
B)  tailoring the chain to be responsive to the needs of individual customer segments. 
C)  responding to competitive situations. 
D)  revising its supply chain in light of current economic conditions. 
A)  trying to improve asset utilization. 
B)  tailoring the chain to be responsive to the needs of individual customer segments. 
C)  responding to competitive situations. 
D)  revising its supply chain in light of current economic conditions.

Question 20

Technology and data are already very well integrated into supply chain management.

Accepted Answer

A) True 
 B)False

Time-based strategies could affect

Key performance indicators (KPIs) that require ownership and commitment to the objectives by all involved parties are needed for the success of relationship-based strategies.

There are ________ high-priority areas in which it is important to develop effective logistics and supply chain strategies

Corporate executives are already well aware of the impact supply chain management can have on their businesses.

Facility Utilization and Equipment Utilization Strategies are

Outsourcing is a way to reduce asset investment as well as to address strategic and customer- focused objectives.

Which of the following does not belong in the list of the seven principles of supply chain management?

The first principle of supply chain management is to segment customers based on profit.

As a result of the economic recession that occurred in the 2008-2010 timeframe, growth in supply chain technology has stagnated.

Discuss collaboration, and describe the elements of successful collaboration.

The "facility utilization" strategy places a high priority on making sure that all supply chain facilities create value only for the individual organizations.

Collaboration occurs when

Decision making is part of the Cycle Time Reduction strategy.

An effective time-based strategy should consider the tradeoffs between transportation, inventory, and warehousing costs.

There are four financial strategies. Name them, and pick two to discuss in more details.

How would you develop world-class collaboration skills?

CEOs view SCM initiatives

Name and briefly discuss the global forces that are shaping the business landscape, and the significance of each to the domain of supply chain management.

When a firm "customizes" their supply chain, it is

Technology and data are already very well integrated into supply chain management.

Supply Chain Management: an Overview

Role of Logistics in Supply Chains

Global Dimensions of Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology-Managing Information Flows

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Transportation-Managing the Flow of the Supply Chain

Distribution-Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations-Producing Goods and Services

Supply Chain Sustainability

Filters

Exam 16: Strategic Challenges and Change for Supply Chains

Time-based strategies could affect

Key performance indicators (KPIs) that require ownership and commitment to the objectives by all involved parties are needed for the success of relationship-based strategies.

There are ________ high-priority areas in which it is important to develop effective logistics and supply chain strategies

Corporate executives are already well aware of the impact supply chain management can have on their businesses.

Facility Utilization and Equipment Utilization Strategies are

Outsourcing is a way to reduce asset investment as well as to address strategic and customer- focused objectives.

Which of the following does not belong in the list of the seven principles of supply chain management?

The first principle of supply chain management is to segment customers based on profit.

As a result of the economic recession that occurred in the 2008-2010 timeframe, growth in supply chain technology has stagnated.

Discuss collaboration, and describe the elements of successful collaboration.

The "facility utilization" strategy places a high priority on making sure that all supply chain facilities create value only for the individual organizations.

Collaboration occurs when

Decision making is part of the Cycle Time Reduction strategy.

An effective time-based strategy should consider the tradeoffs between transportation, inventory, and warehousing costs.

There are four financial strategies. Name them, and pick two to discuss in more details.

How would you develop world-class collaboration skills?

CEOs view SCM initiatives

Name and briefly discuss the global forces that are shaping the business landscape, and the significance of each to the domain of supply chain management.

When a firm "customizes" their supply chain, it is

Technology and data are already very well integrated into supply chain management.

Supply Chain Management: an Overview

Role of Logistics in Supply Chains

Global Dimensions of Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology-Managing Information Flows

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Transportation-Managing the Flow of the Supply Chain

Distribution-Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations-Producing Goods and Services

Supply Chain Sustainability

Filters