Question 1

The demographics of our society has changed because

Accepted Answer

A)  the "Baby Boom" generation is now turning 60. 
B)  of the increase in two-career families and single-parent households. 
C)  of immigration. 
D)  birth rates have changed. 
A)  the "Baby Boom" generation is now turning 60. 
B)  of the increase in two-career families and single-parent households. 
C)  of immigration. 
D)  birth rates have changed.

Question 2

Some individuals describe the current consumer as the "click here" generation because

Accepted Answer

A)  we all have Internet access. 
B)  we no longer wait for information to be "pushed out" to us. 
C)  we buy so much merchandise on line. 
D)  we take little time to make purchasing decisions. 
A)  we all have Internet access. 
B)  we no longer wait for information to be "pushed out" to us. 
C)  we buy so much merchandise on line. 
D)  we take little time to make purchasing decisions.

Question 3

Discuss how Performance Measurement can affect Supply Chain Management.

Accepted Answer

Most organizations have measures of perf

Question 4

Outsourcing is a fairly new concept.

Accepted Answer

A) True 
 B)False

Question 5

One of the four supply chain flows in Figure 1 - 8 that has received increased attention from supply chain managers due to the growth in technology is:

Accepted Answer

A)  Product flow 
B)  Information flow 
C)  Cash flow 
D)  Demand flow 
A)  Product flow 
B)  Information flow 
C)  Cash flow 
D)  Demand flow

Question 6

Which of the following is not part of the Supply Chain network?

Accepted Answer

A)  plants 
B)  stores 
C)  terminals 
D)  distribution centers 
A)  plants 
B)  stores 
C)  terminals 
D)  distribution centers

Question 7

Which of these flows only one way as illustrated in Figure 1-4?

Accepted Answer

A)  information 
B)  products and services 
C)  financials 
D)  None of these answers 
A)  information 
B)  products and services 
C)  financials 
D)  None of these answers

Question 8

Most retailers are essentially supply chain companies since A. they dominate the consumer market.

Accepted Answer

A)  own their warehouses and trucks. 
B)  they buy products produced by others. 
C)  engage in off-shore sourcing. 
A)  own their warehouses and trucks. 
B)  they buy products produced by others. 
C)  engage in off-shore sourcing.

Question 9

The Supply Chain Concept

Accepted Answer

A)  is very new and considered cutting edge technology. 
B)  is highly dependent of computerization. 
C)  is not always well understood by senior managers. 
D)  developed from the previous Physical Distribution concept. 
A)  is very new and considered cutting edge technology. 
B)  is highly dependent of computerization. 
C)  is not always well understood by senior managers. 
D)  developed from the previous Physical Distribution concept.

Question 10

Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and
Vendors.

Accepted Answer

A)  This is still true and has not changed. 
B)  Computerization has greatly increased the flow of information from the source. 
C)  The "Big Box" stores have developed their own sources. 
D)  None of these answers 
A)  This is still true and has not changed. 
B)  Computerization has greatly increased the flow of information from the source. 
C)  The "Big Box" stores have developed their own sources. 
D)  None of these answers

Question 11

One of the major challenges of supply chain management is

Accepted Answer

A)  forward buying. 
B)  maintaining the visibility of inventory. 
C)  building safety-stock inventory. 
D)  Pushing inventory back to vendors. 
A)  forward buying. 
B)  maintaining the visibility of inventory. 
C)  building safety-stock inventory. 
D)  Pushing inventory back to vendors.

Question 12

Complexity in the supply chain is caused by

Accepted Answer

A)  the number of SKUs. 
B)  locations of customers and suppliers. 
C)  transportation requirements. 
D)  All of these answers. 
A)  the number of SKUs. 
B)  locations of customers and suppliers. 
C)  transportation requirements. 
D)  All of these answers.

Question 13

Cost/Value refers to

Accepted Answer

A)  getting the best value for the money spent. 
B)  U.S. firms competing in the global arena. 
C)  the importance of cost and value at the very end of the supply chain. 
D)  product variety. 
A)  getting the best value for the money spent. 
B)  U.S. firms competing in the global arena. 
C)  the importance of cost and value at the very end of the supply chain. 
D)  product variety.

Question 14

A critical outcome of the supply chain is to deliver

Accepted Answer

A)  profits. 
B)  the right product to the right place. 
C)  cost/value. 
D)  on management's expectations. 
A)  profits. 
B)  the right product to the right place. 
C)  cost/value. 
D)  on management's expectations.

Question 15

Describe the concept of an "integrated supply chain" that begins with the supplier's supplier and ends with the final consumer.

Accepted Answer

Supply chain management can be viewed as

Question 16

Performance measurement is important because

Accepted Answer

A)  it allows firms to rate competitors. 
B)  without it, managers would not know how the global economy is doing. 
C)  companies presently operating in the European Economic Community need to understand how its competitors are doing. 
D)  lower-level metrics in an organization must connect directly to the high-level performance to achieve goals. 
A)  it allows firms to rate competitors. 
B)  without it, managers would not know how the global economy is doing. 
C)  companies presently operating in the European Economic Community need to understand how its competitors are doing. 
D)  lower-level metrics in an organization must connect directly to the high-level performance to achieve goals.

The demographics of our society has changed because

Some individuals describe the current consumer as the "click here" generation because

Discuss how Performance Measurement can affect Supply Chain Management.

Outsourcing is a fairly new concept.

One of the four supply chain flows in Figure 1 - 8 that has received increased attention from supply chain managers due to the growth in technology is:

Which of the following is not part of the Supply Chain network?

Which of these flows only one way as illustrated in Figure 1-4?

Most retailers are essentially supply chain companies since A. they dominate the consumer market.

The Supply Chain Concept

Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and Vendors.

One of the major challenges of supply chain management is

Complexity in the supply chain is caused by

Cost/Value refers to

A critical outcome of the supply chain is to deliver

Describe the concept of an "integrated supply chain" that begins with the supplier's supplier and ends with the final consumer.

Performance measurement is important because

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

Strategic Challenges and Change for Supply Chains

Filters

Exam 1: Supply Chain Management: an Overview

The demographics of our society has changed because

Some individuals describe the current consumer as the "click here" generation because

Discuss how Performance Measurement can affect Supply Chain Management.

Outsourcing is a fairly new concept.

One of the four supply chain flows in Figure 1 - 8 that has received increased attention from supply chain managers due to the growth in technology is:

Which of the following is not part of the Supply Chain network?

Which of these flows only one way as illustrated in Figure 1-4?

Most retailers are essentially supply chain companies since A. they dominate the consumer market.

The Supply Chain Concept

Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and Vendors.

One of the major challenges of supply chain management is

Complexity in the supply chain is caused by

Cost/Value refers to

A critical outcome of the supply chain is to deliver

Describe the concept of an "integrated supply chain" that begins with the supplier's supplier and ends with the final consumer.

Performance measurement is important because

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

Strategic Challenges and Change for Supply Chains

Filters