Question 1

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

Accepted Answer

A supply chain is a network of organizat

Question 2

________ is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organizations in the supply chain incur to obtain that revenue.

Accepted Answer

A)  Supply chain sustainability 
B)  Supply chain optimization 
C)  Supply chain profitability 
D)  Supply chain analytics. 
A)  Supply chain sustainability 
B)  Supply chain optimization 
C)  Supply chain profitability 
D)  Supply chain analytics.

Question 3

The bullwhip effect can be reduced by giving all participants in the supply chain access to consumer-demand information from the retailer.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following statements about supply chains is correct?

Accepted Answer

A)  Supply chains consist only of customers, retailers, distributors, manufacturers, and suppliers. 
B)  Not every supply chain has distributors and retailers. 
C)  Each element in the supply chain is connected to only one entity up and down. 
D)  The only source of revenue in a supply chain is the retailer. 
A)  Supply chains consist only of customers, retailers, distributors, manufacturers, and suppliers. 
B)  Not every supply chain has distributors and retailers. 
C)  Each element in the supply chain is connected to only one entity up and down. 
D)  The only source of revenue in a supply chain is the retailer.

Question 5

The four major drivers that affect supply chain performance are ________.

Accepted Answer

A)  suppliers, inventory, distributors, and information 
B)  facilities, working capital, transportation, and storage 
C)  suppliers, facilities, transportation, and distribution 
D)  facilities, inventory, transportation, and information 
A)  suppliers, inventory, distributors, and information 
B)  facilities, working capital, transportation, and storage 
C)  suppliers, facilities, transportation, and distribution 
D)  facilities, inventory, transportation, and information

Question 6

The bullwhip effect explains the amplification of demand at various stages in the supply chain.

Accepted Answer

A) True 
 B)False

Question 7

All supply chains have distributors and retailers.

Accepted Answer

A) True 
 B)False

Question 8

The only source of revenue in the supply chain is the customer.

Accepted Answer

A) True 
 B)False

Question 9

The bullwhip effect reveals that retailers face the highest variations in demand.

Accepted Answer

A) True 
 B)False

Question 10

The bullwhip effect helps to increase the overall profitability of the supply chain.

Accepted Answer

A) True 
 B)False

Question 11

Profitability of the supply chain can be maximized only if all the organizations in the supply chain operate at their maximum profitability.

Accepted Answer

A) True 
 B)False

Question 12

An interorganizational process is one in which process activities occur in two or more independent organizations.

Accepted Answer

A) True 
 B)False

Question 13

Use of information systems can increase the bullwhip effect.

Accepted Answer

A) True 
 B)False

Question 14

Supply chain speed refers to the dollar value of goods exchanged in a given period of time.

Accepted Answer

A) True 
 B)False

Question 15

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 ________.

Accepted Answer

A)  synergistic effect 
B)  flanging effect 
C)  stack effect 
D)  bullwhip effect 
A)  synergistic effect 
B)  flanging effect 
C)  stack effect 
D)  bullwhip effect

Question 16

What are interorganizational business processes?

Accepted Answer

An interorganizational process is one in

Question 17

In the term supply chain,each organization is connected to just one company up (toward the supplier)and down (toward the customer)the chain.

Accepted Answer

A) True 
 B)False

Question 18

The Automated Clearing House system among banks is an example of an interorganizational process.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is an example of inventory?

Accepted Answer

A)  machinery 
B)  factories 
C)  raw materials 
D)  capital 
A)  machinery 
B)  factories 
C)  raw materials 
D)  capital

Question 20

Which of the following statements about inventory is NOT true?

Accepted Answer

A)  Managing an inventory requires balancing between availability and cost. 
B)  Inventory includes raw materials, in-process work, and finished goods. 
C)  Inventory management decisions are limited to the size of the inventory. 
D)  Managing inventory focuses on order frequency and the size of reorders. 
A)  Managing an inventory requires balancing between availability and cost. 
B)  Inventory includes raw materials, in-process work, and finished goods. 
C)  Inventory management decisions are limited to the size of the inventory. 
D)  Managing inventory focuses on order frequency and the size of reorders.

Exam 25: Supply Chain Management

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

________ is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organizations in the supply chain incur to obtain that revenue.

The bullwhip effect can be reduced by giving all participants in the supply chain access to consumer-demand information from the retailer.

Which of the following statements about supply chains is correct?

The four major drivers that affect supply chain performance are ________.

The bullwhip effect explains the amplification of demand at various stages in the supply chain.

All supply chains have distributors and retailers.

The only source of revenue in the supply chain is the customer.

The bullwhip effect reveals that retailers face the highest variations in demand.

The bullwhip effect helps to increase the overall profitability of the supply chain.

Profitability of the supply chain can be maximized only if all the organizations in the supply chain operate at their maximum profitability.

An interorganizational process is one in which process activities occur in two or more independent organizations.

Use of information systems can increase the bullwhip effect.

Supply chain speed refers to the dollar value of goods exchanged in a given period of time.

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 ________.

What are interorganizational business processes?

In the term supply chain,each organization is connected to just one company up (toward the supplier)and down (toward the customer)the chain.

The Automated Clearing House system among banks is an example of an interorganizational process.

Which of the following is an example of inventory?

Which of the following statements about inventory is NOT true?

The Importance of MIS

Business Processes, Information, and Information Systems

Organizational Strategy, Information Systems, and Competitive Advantage

Hardware and Software

Database Processing

Data Communications

Business Process Management

E-Commerce, Web 2.0, and Social Networking

Business Intelligence and Information Systems for Decision Making

Information Systems Development

Information Systems Management

Information Security Management

Improving Your Collaboration Skills

Using Collaboration Information Systems

Information Systems and Decision Making

Knowledge Management and Expert Systems

Introduction to Microsoft Excel

Preparing a Computer Budget Using Excel

Database Design

Using Microsoft Access 2010

Using Excel and Access Together

Remote, Nomadic, and Mobile Systems

Functional Processes, Applications, and Systems

Enterprise Resource Planning (ERP)Systems

Processing Social Capital: Facebook, Twitter, and User-Generated Content (UGC)

Database Marketing

Reporting Systems and OLAP

Geographic Information Systems

Business Process Management

Systems Development Project Management

Outsourcing

International MIS

Filters