Question 1

What is the preferred duration of a product life cycle when a responsive type of supply chain is used?

Accepted Answer

A) Long 
B) Short 
C) Constant 
D) Unpredictable 
A) Long 
B) Short 
C) Constant 
D) Unpredictable B

Question 2

What is one of the reasons that a supply chain fails? Choose the best option.

Accepted Answer

A) No proper contracts with suppliers. 
B) Lack of storage capacity. 
C) Inability to figure out the nature of demand. 
D) Inability to meet deadlines. 
A) No proper contracts with suppliers. 
B) Lack of storage capacity. 
C) Inability to figure out the nature of demand. 
D) Inability to meet deadlines. C

Question 3

The two important styles of supply chain set up, efficient and responsive, were introduced by __________.

Accepted Answer

A) Marshall A. Fisher 
B) F) Y. Edgeworth 
C) Jeffery Karrenbauer 
D) Shane Savage 
A) Marshall A. Fisher 
B) F) Y. Edgeworth 
C) Jeffery Karrenbauer 
D) Shane Savage A

Question 4

The main goals of an efficient supply chain are to _______________.
i. Coordinate the material flow
ii. Reduce storage of inventory
iii. Increase the efficiency of the producer to the fullest

Accepted Answer

A) ii and iii. 
B) i and ii. 
C) i and iii. 
D) i, ii, and iii. 
A) ii and iii. 
B) i and ii. 
C) i and iii. 
D) i, ii, and iii.

Question 5

What will be the pricing strategy on a responsive and an efficient supply chain respectively?

Accepted Answer

A) Lower margin, higher margin. 
B) Higher margin, lower margin. 
C) Both will have higher margin. 
D) Equal margin. 
A) Lower margin, higher margin. 
B) Higher margin, lower margin. 
C) Both will have higher margin. 
D) Equal margin.

Question 6

What are the major enablers of a responsive supply chain?
i. Value chain
ii. Information technology and systems
iii. Knowledge management

Accepted Answer

A) i and ii. 
B) ii and iii. 
C) i and iii. 
D) i, ii, and iii. 
A) i and ii. 
B) ii and iii. 
C) i and iii. 
D) i, ii, and iii.

Question 7

The main goal of a responsive supply chain is to _______________.

Accepted Answer

A) Respond at once to competitors' pricing. 
B) Avoid the hassle of warehousing finished goods. 
C) Buy raw materials at once when required. 
D) Answer at once to market demand. 
A) Respond at once to competitors' pricing. 
B) Avoid the hassle of warehousing finished goods. 
C) Buy raw materials at once when required. 
D) Answer at once to market demand.

Question 8

____________ distorts demand information within the supply chain.

Accepted Answer

A) The bullwhip effect. 
B) Replenishment lead-time. 
C) Exponential smoothing. 
D) The square root rule. 
A) The bullwhip effect. 
B) Replenishment lead-time. 
C) Exponential smoothing. 
D) The square root rule.

Question 9

What are the three most important ways a firm can create a buffer against the amount of demand for particular goods?

Accepted Answer

A) Shipping, inventory, and warehouse. 
B) Inventory, machinery, and retailer. 
C) Inventory, capacity, and time. 
D) Shipping, raw material, and time. 
A) Shipping, inventory, and warehouse. 
B) Inventory, machinery, and retailer. 
C) Inventory, capacity, and time. 
D) Shipping, raw material, and time.

Question 10

What are the 3 R's of supply chain efficiency?

Accepted Answer

A) Right producer, right raw materials, and right storage. 
B) Right product, right place, and right time. 
C) Right product, right time, and right seller. 
D) Right producer, right price, and right seller. 
A) Right producer, right raw materials, and right storage. 
B) Right product, right place, and right time. 
C) Right product, right time, and right seller. 
D) Right producer, right price, and right seller.

What is the preferred duration of a product life cycle when a responsive type of supply chain is used?

What is one of the reasons that a supply chain fails? Choose the best option.

The two important styles of supply chain set up, efficient and responsive, were introduced by __________.

The main goals of an efficient supply chain are to _______________. i. Coordinate the material flow ii. Reduce storage of inventory iii. Increase the efficiency of the producer to the fullest

What will be the pricing strategy on a responsive and an efficient supply chain respectively?

What are the major enablers of a responsive supply chain? i. Value chain ii. Information technology and systems iii. Knowledge management

The main goal of a responsive supply chain is to _______________.

____________ distorts demand information within the supply chain.

What are the three most important ways a firm can create a buffer against the amount of demand for particular goods?

What are the 3 R's of supply chain efficiency?

Core Concepts

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Global Management

Inventory

Logistics

Managing Supply

Market Segments

Risk

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters

Exam 6: Efficiency

What is the preferred duration of a product life cycle when a responsive type of supply chain is used?

What is one of the reasons that a supply chain fails? Choose the best option.

The two important styles of supply chain set up, efficient and responsive, were introduced by __________.

The main goals of an efficient supply chain are to _______________. i. Coordinate the material flow ii. Reduce storage of inventory iii. Increase the efficiency of the producer to the fullest

What will be the pricing strategy on a responsive and an efficient supply chain respectively?

What are the major enablers of a responsive supply chain? i. Value chain ii. Information technology and systems iii. Knowledge management

The main goal of a responsive supply chain is to _______________.

____________ distorts demand information within the supply chain.

What are the three most important ways a firm can create a buffer against the amount of demand for particular goods?

What are the 3 R's of supply chain efficiency?

Core Concepts

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Global Management

Inventory

Logistics

Managing Supply

Market Segments

Risk

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters