Exam 22: Supply Chain Management

What is a supply chain? What are the four drivers that are crucial to the success of a supply chain?

________ is a factor of information that can be transactional, such as orders and order returns, or it can be informational, such as the sharing of inventory and customer order data.

The phenomenon in which the variability in the size and timing of orders increases at each stage up the supply chain is referred to as the ________.

Information systems do not support just-in-time inventory.

How do information systems affect supply chain performance?

________ refers to the methods by which information is transmitted.

Information systems have the capability to eliminate the bullwhip effect.

Explain the bullwhip effect with an example.

Which of the following refers to a network of organizations and facilities that transforms raw materials into products delivered to customers?

The bullwhip effect increases if all the participants in the supply chain have an access to consumer-demand information from the retailer.

Profitability of a supply chain increases if all the organizations in the supply chain operate at their maximum profitability.

The Automated Clearing House system among banks is an example of a standardized inter-enterprise system.

The large fluctuations of the bullwhip effect force organizations to stock fewer inventories than needed.

Inter-enterprise information systems are necessary to share consumer-demand information.

Each level of a supply chain has a distinct source of revenue.

Managing inventory requires balancing between ________ and ________.

Which of the following is a benefit of information systems on supply chain performance?

The maximum profit to the supply chain will occur if organization in the supply chain maximizes its one profits.

A major factor that affects supply chain performance is the ________.

All of these factors affect supply chain performance EXCEPT ________.