Question 1

What is the best financial metric to show the profit an organization generates in relationship to assets utilized?

Accepted Answer

A)  ROA 
B)  Profit 
C)  Return on net worth 
D)  Stock price 
A)  ROA 
B)  Profit 
C)  Return on net worth 
D)  Stock price A

Question 2

Customers and suppliers should be included in the development of metrics.

Accepted Answer

A) True 
 B)False  True

Question 3

Many organizations want to be effective and efficient, but simply stating these objectives is not adequate unless metrics are used to gauge whether these objectives are achieved.

Accepted Answer

A) True 
 B)False  True

Question 4

Gross margin equals:

Accepted Answer

A)  sales - COGS. 
B)  sales + taxes - COGS. 
C)  COGS - sales. 
D)  COGS - taxes. 
A)  sales - COGS. 
B)  sales + taxes - COGS. 
C)  COGS - sales. 
D)  COGS - taxes.

Question 5

The focus on performance measurement is a recent event in industry.

Accepted Answer

A) True 
 B)False

Question 6

The two most important financial documents in an organization are the income statement and the debt-asset sheet.

Accepted Answer

A) True 
 B)False

Question 7

The decision to alter the supply chain process is essentially _____ issue.

Accepted Answer

A)  a management 
B)  an optimization 
C)  a supply chain 
D)  a customer satisfaction 
A)  a management 
B)  an optimization 
C)  a supply chain 
D)  a customer satisfaction

Question 8

A metric is complex to define, usually involves a calculation or a combination of measurements, and is often in the form of a ratio.

Accepted Answer

A) True 
 B)False

Question 9

What is the "order-to-cash" cycle?

Accepted Answer

The order-to-cash cycle includes all of

Question 10

There are seven factors in the successful development of supply chain metrics. Name them, and select any two to discuss in more detail.

Accepted Answer

First, develop a metrics program that is

Question 11

Another driving influence for supply chain reexamination has been the desire of organizations to change their supply chain focus from a "cost" center to:

Accepted Answer

A)  a profit center. 
B)  a logistics-oriented system. 
C)  an investment center. 
D)  a value-adding activity. 
A)  a profit center. 
B)  a logistics-oriented system. 
C)  an investment center. 
D)  a value-adding activity.

Question 12

Discuss the metric classification scheme that has been developed by the Supply Chain Council and defined in the Supply Chain Operations and Reference (SCOR) model to measure the performance of Process D1: Deliver Stocked Product.

Accepted Answer

According to the Supply Chain Council, t

Question 13

In the SCOR model there are five major categories of metrics that need to be used to measure the performance of Process D1: reliability, _____, agility, costs, and asset management.

Accepted Answer

A)  ROA 
B)  responsiveness 
C)  supply chains 
D)  cash-to-cash cycle 
A)  ROA 
B)  responsiveness 
C)  supply chains 
D)  cash-to-cash cycle

Question 14

Supply chain management involves the control of raw material, in-process, and finished goods inventories.

Accepted Answer

A) True 
 B)False

Question 15

Discuss the supply chain financial impact on an organization.

Accepted Answer

A major financial objective for any orga

Question 16

Discuss the revenue-cost savings connection and include the formula.

Accepted Answer

Logistics and supply chain managers find

Question 17

The equivalent sales increase for supply chain cost saving is found by dividing the cost saving by the organization's profit margin.

Accepted Answer

A) True 
 B)False

Question 18

Channel structure management includes decisions regarding the use of _____, channel inventories, information systems, and channel structure.

Accepted Answer

A)  customers 
B)  outsourcing 
C)  order cycles 
D)  KPIs 
A)  customers 
B)  outsourcing 
C)  order cycles 
D)  KPIs

Question 19

Another very important logistics service metric is order cycle time (OCT), which influences productivity, debt, cash flow, and profit.

Accepted Answer

A) True 
 B)False

Question 20

The current logistics management approach is supported by which performance measurement concepts?

Accepted Answer

A)  Metrics 
B)  Total cost 
C)  Least total cost 
D)  The D1 concept developed by the Supply Chain Council. 
A)  Metrics 
B)  Total cost 
C)  Least total cost 
D)  The D1 concept developed by the Supply Chain Council.

What is the best financial metric to show the profit an organization generates in relationship to assets utilized?

Customers and suppliers should be included in the development of metrics.

Many organizations want to be effective and efficient, but simply stating these objectives is not adequate unless metrics are used to gauge whether these objectives are achieved.

Gross margin equals:

The focus on performance measurement is a recent event in industry.

The two most important financial documents in an organization are the income statement and the debt-asset sheet.

The decision to alter the supply chain process is essentially _____ issue.

A metric is complex to define, usually involves a calculation or a combination of measurements, and is often in the form of a ratio.

What is the "order-to-cash" cycle?

There are seven factors in the successful development of supply chain metrics. Name them, and select any two to discuss in more detail.

Another driving influence for supply chain reexamination has been the desire of organizations to change their supply chain focus from a "cost" center to:

Discuss the metric classification scheme that has been developed by the Supply Chain Council and defined in the Supply Chain Operations and Reference (SCOR) model to measure the performance of Process D1: Deliver Stocked Product.

In the SCOR model there are five major categories of metrics that need to be used to measure the performance of Process D1: reliability, _____, agility, costs, and asset management.

Supply chain management involves the control of raw material, in-process, and finished goods inventories.

Discuss the supply chain financial impact on an organization.

Discuss the revenue-cost savings connection and include the formula.

The equivalent sales increase for supply chain cost saving is found by dividing the cost saving by the organization's profit margin.

Channel structure management includes decisions regarding the use of _____, channel inventories, information systems, and channel structure.

Another very important logistics service metric is order cycle time (OCT), which influences productivity, debt, cash flow, and profit.

The current logistics management approach is supported by which performance measurement concepts?

Supply Chain Management: an Overview

Global Dimensions of Supply Chains

Role of Logistics in Supply Chains

Supply Chain and Omni Channel Network Design

Sourcing Materials and Services

Operations Producing Goods and Services

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Distribution Managing Fulfillment Operations

Transportation Managing the Flows of the Supply Chain

Aligning Supply Chains

Supply Chain Technology Managing Information Flows

Strategic Challenges and Change for Supply Chains

Filters

Exam 13: Supply Chain Performance Measurement and Financial Analysis

What is the best financial metric to show the profit an organization generates in relationship to assets utilized?

Customers and suppliers should be included in the development of metrics.

Many organizations want to be effective and efficient, but simply stating these objectives is not adequate unless metrics are used to gauge whether these objectives are achieved.

Gross margin equals:

The focus on performance measurement is a recent event in industry.

The two most important financial documents in an organization are the income statement and the debt-asset sheet.

The decision to alter the supply chain process is essentially _____ issue.

A metric is complex to define, usually involves a calculation or a combination of measurements, and is often in the form of a ratio.

What is the "order-to-cash" cycle?

There are seven factors in the successful development of supply chain metrics. Name them, and select any two to discuss in more detail.

Another driving influence for supply chain reexamination has been the desire of organizations to change their supply chain focus from a "cost" center to:

Discuss the metric classification scheme that has been developed by the Supply Chain Council and defined in the Supply Chain Operations and Reference (SCOR) model to measure the performance of Process D1: Deliver Stocked Product.

In the SCOR model there are five major categories of metrics that need to be used to measure the performance of Process D1: reliability, _____, agility, costs, and asset management.

Supply chain management involves the control of raw material, in-process, and finished goods inventories.

Discuss the supply chain financial impact on an organization.

Discuss the revenue-cost savings connection and include the formula.

The equivalent sales increase for supply chain cost saving is found by dividing the cost saving by the organization's profit margin.

Channel structure management includes decisions regarding the use of _____, channel inventories, information systems, and channel structure.

Another very important logistics service metric is order cycle time (OCT), which influences productivity, debt, cash flow, and profit.

The current logistics management approach is supported by which performance measurement concepts?

Supply Chain Management: an Overview

Global Dimensions of Supply Chains

Role of Logistics in Supply Chains

Supply Chain and Omni Channel Network Design

Sourcing Materials and Services

Operations Producing Goods and Services

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Distribution Managing Fulfillment Operations

Transportation Managing the Flows of the Supply Chain

Aligning Supply Chains

Supply Chain Technology Managing Information Flows

Strategic Challenges and Change for Supply Chains

Filters