Question 1

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. C

Question 2

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. B

Question 3

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 B

Question 4

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 5

The last decade of the twentieth century was a period of rapid change for organizations,especially businesses.

Accepted Answer

A) True 
 B)False

Question 6

The challenge to develop and sustain an efficient and effective supply chain(s)requires organizations to address a number of issues.Which is not included?

Accepted Answer

A)  complexity 
B)  inventory deployment 
C)  inventory carrying costs 
D)  technology 
A)  complexity 
B)  inventory deployment 
C)  inventory carrying costs 
D)  technology

Question 7

Logistics,in its simplest form,

Accepted Answer

A)  is a military term,as it was developed originally to supply the battlefield. 
B)  combines inbound logistics with the outbound logistics of physical distribution. 
C)  is another term for transportation management. 
D)  does not involve customer service or other related functions. 
A)  is a military term,as it was developed originally to supply the battlefield. 
B)  combines inbound logistics with the outbound logistics of physical distribution. 
C)  is another term for transportation management. 
D)  does not involve customer service or other related functions.

Question 8

The world economy still favors the United States and European countries,even though China and India can participate in the global economy much more readily.

Accepted Answer

A) True 
 B)False

Question 9

What is the significance of Globalization in Supply Chain Management?

Accepted Answer

Arguably,globalization is the most frequ

Question 10

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 11

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.

Question 12

Describe the flows in the figure below.

Accepted Answer

Supply chain management can be viewed as

Question 13

The Supply Chain Concept

Accepted Answer

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

Question 14

What is Vendor Managed Inventory?

Accepted Answer

Essentially,vendor-managed inventory (VM

Question 15

Supply chain managers no longer need to worry about suboptimization in light of today's technology.

Accepted Answer

A) True 
 B)False

Question 16

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 17

Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape?

Accepted Answer

A)  Government policy 
B)  Technology 
C)  Environmental concerns 
D)  Globalization 
A)  Government policy 
B)  Technology 
C)  Environmental concerns 
D)  Globalization

Question 18

What is the role of Transportation Management in connection with Supply Chains?

Accepted Answer

Transportation can be viewed as the glue

Question 19

Which of these flows only one way as illustrated in the figure below?

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 20

Globalization has had little effect on consumers.

Accepted Answer

A) True 
 B)False

Cost/Value refers to

The demographics of our society has changed because

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

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.

The last decade of the twentieth century was a period of rapid change for organizations,especially businesses.

The challenge to develop and sustain an efficient and effective supply chain(s)requires organizations to address a number of issues.Which is not included?

Logistics,in its simplest form,

The world economy still favors the United States and European countries,even though China and India can participate in the global economy much more readily.

What is the significance of Globalization in Supply Chain Management?

A critical outcome of the supply chain is to deliver

Performance measurement is important because

Describe the flows in the figure below.

The Supply Chain Concept

What is Vendor Managed Inventory?

Supply chain managers no longer need to worry about suboptimization in light of today's technology.

Complexity in the supply chain is caused by

Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape?

What is the role of Transportation Management in connection with Supply Chains?

Which of these flows only one way as illustrated in the figure below?

Globalization has had little effect on consumers.

Role of Logistics in Supply Chains

Global 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

Managing Reverse Flows in the Supply Chain

Strategic Challenges and Change for Supply Chains

Filters

Exam 1: Supply Chain Management: An Overview

Cost/Value refers to

The demographics of our society has changed because

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

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.

The last decade of the twentieth century was a period of rapid change for organizations,especially businesses.

The challenge to develop and sustain an efficient and effective supply chain(s)requires organizations to address a number of issues.Which is not included?

Logistics,in its simplest form,

The world economy still favors the United States and European countries,even though China and India can participate in the global economy much more readily.

What is the significance of Globalization in Supply Chain Management?

A critical outcome of the supply chain is to deliver

Performance measurement is important because

Describe the flows in the figure below.

The Supply Chain Concept

What is Vendor Managed Inventory?

Supply chain managers no longer need to worry about suboptimization in light of today's technology.

Complexity in the supply chain is caused by

Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape?

What is the role of Transportation Management in connection with Supply Chains?

Which of these flows only one way as illustrated in the figure below?

Globalization has had little effect on consumers.

Role of Logistics in Supply Chains

Global 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

Managing Reverse Flows in the Supply Chain

Strategic Challenges and Change for Supply Chains

Filters