Question 1

Intraoperation scope resulted in minimal supply chain surplus.

Accepted Answer

A) True 
 B)False

Question 2

Efficient supply chains

Accepted Answer

A)  respond quickly to demand. 
B)  have higher margins because price is not a prime customer driver. 
C)  maintain buffer inventory to deal with demand/supply uncertainty. 
D)  maximize performance at a minimum cost. 
A)  respond quickly to demand. 
B)  have higher margins because price is not a prime customer driver. 
C)  maintain buffer inventory to deal with demand/supply uncertainty. 
D)  maximize performance at a minimum cost.

Question 3

Sketch the generic value chain for a company and briefly describe the contributions of each of its elements.

Accepted Answer

The value chain diagram from the text is

Question 4

The cost of making and delivering a product to the customer is referred to as

Accepted Answer

A)  supply chain responsiveness. 
B)  supply chain efficiency. 
C)  cost-responsiveness efficient frontier. 
D)  implied uncertainty. 
A)  supply chain responsiveness. 
B)  supply chain efficiency. 
C)  cost-responsiveness efficient frontier. 
D)  implied uncertainty.

Question 5

A company's product development strategy specifies the portfolio of new products that it will try to develop.

Accepted Answer

A) True 
 B)False

Question 6

Between 1993 and 2006, Dell's competitive strategy was to provide a large variety of customizable products at a reasonable price. Given the focus on customization, Dell's supply chain was designed to

Accepted Answer

A)  be responsive. 
B)  provide a different product. 
C)  operate on a low-cost basis. 
D)  provide sustainable products. 
A)  be responsive. 
B)  provide a different product. 
C)  operate on a low-cost basis. 
D)  provide sustainable products.

Question 7

An example of intrafunctional scope is that outsourcing a key component is reasonable if the savings in staying current in technology results in improved performance in other areas of R&D that permit improved overall performance.

Accepted Answer

A) True 
 B)False

Question 8

The interoperation scope has each stage of the supply chain devising its strategy independently.

Accepted Answer

A) True 
 B)False

Question 9

The value that potential customers place on product cost and delivery time determines a company's

Accepted Answer

A)  customer needs. 
B)  competitive strategy. 
C)  supply chain surplus. 
D)  product life cycle. 
A)  customer needs. 
B)  competitive strategy. 
C)  supply chain surplus. 
D)  product life cycle.

Question 10

Which of the following customer needs will cause implied uncertainty of demand to increase?

Accepted Answer

A)  Product margin 
B)  Lead time decreases 
C)  Average stockout rate 
D)  Average forced season end markdown 
A)  Product margin 
B)  Lead time decreases 
C)  Average stockout rate 
D)  Average forced season end markdown

Question 11

To achieve complete strategic fit, a firm must ensure that all functions in the value chain have diverse strategies that support functional goals.

Accepted Answer

A) True 
 B)False

Question 12

A company's partners in the supply chain determine

Accepted Answer

A)  the company's success. 
B)  the scope of strategic fit. 
C)  the relevance of sustainability initiatives. 
D)  the need for customers. 
A)  the company's success. 
B)  the scope of strategic fit. 
C)  the relevance of sustainability initiatives. 
D)  the need for customers.

Question 13

The preferable supply chain strategy for a firm that sells multiple products and serves customer segments with very different needs is to

Accepted Answer

A)  set up independent supply chains for each different product or customer segment. 
B)  set up a supply chain that meets the needs of the highest volume product or customer segment. 
C)  tailor the supply chain to best meet the needs of each product's demand. 
D)  set up a supply chain that meets the needs of the customer segment with the highest implied uncertainty. 
A)  set up independent supply chains for each different product or customer segment. 
B)  set up a supply chain that meets the needs of the highest volume product or customer segment. 
C)  tailor the supply chain to best meet the needs of each product's demand. 
D)  set up a supply chain that meets the needs of the customer segment with the highest implied uncertainty.

Question 14

For a company to achieve strategic fit, it must accomplish the following keys:

Accepted Answer

A)  All functional strategies must fit together to form a coordinated overall strategy. 
B)  The different functions in a company must appropriately structure their processes and resources to be able to execute these strategies successfully 
C)  The overall supply chain must operate at the lowest cost possible to achieve success. 
D)  The design of the overall supply chain and the role of each stage must be aligned to support the supply chain strategy. 
A)  All functional strategies must fit together to form a coordinated overall strategy. 
B)  The different functions in a company must appropriately structure their processes and resources to be able to execute these strategies successfully 
C)  The overall supply chain must operate at the lowest cost possible to achieve success. 
D)  The design of the overall supply chain and the role of each stage must be aligned to support the supply chain strategy.

Question 15

A company's product development strategy

Accepted Answer

A)  defines the set of customer needs that it seeks to satisfy through its products and services. 
B)  specifies the portfolio of new products that it will try to develop. 
C)  specifies how the market will be segmented and how the product will be positioned, priced, and promoted. 
D)  determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product. 
A)  defines the set of customer needs that it seeks to satisfy through its products and services. 
B)  specifies the portfolio of new products that it will try to develop. 
C)  specifies how the market will be segmented and how the product will be positioned, priced, and promoted. 
D)  determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.

Intraoperation scope resulted in minimal supply chain surplus.

Efficient supply chains

Sketch the generic value chain for a company and briefly describe the contributions of each of its elements.

The cost of making and delivering a product to the customer is referred to as

A company's product development strategy specifies the portfolio of new products that it will try to develop.

Between 1993 and 2006, Dell's competitive strategy was to provide a large variety of customizable products at a reasonable price. Given the focus on customization, Dell's supply chain was designed to

An example of intrafunctional scope is that outsourcing a key component is reasonable if the savings in staying current in technology results in improved performance in other areas of R&D that permit improved overall performance.

The interoperation scope has each stage of the supply chain devising its strategy independently.

The value that potential customers place on product cost and delivery time determines a company's

Which of the following customer needs will cause implied uncertainty of demand to increase?

To achieve complete strategic fit, a firm must ensure that all functions in the value chain have diverse strategies that support functional goals.

A company's partners in the supply chain determine

The preferable supply chain strategy for a firm that sells multiple products and serves customer segments with very different needs is to

For a company to achieve strategic fit, it must accomplish the following keys:

A company's product development strategy

Understanding the Supply Chain

Supply Chain Drivers and Metrics

Designing Distribution Networks and Applications to e-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Demand Forecasting in a Supply Chain

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

Coordination in a Supply Chain

Managing Economies of Scale in the Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Determining the Optimal Level of Product Availability

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Sustainability and the Supply Chain

Filters

Exam 2: Supply Chain Performance: Achieving Strategic Fit and Scope

Intraoperation scope resulted in minimal supply chain surplus.

Efficient supply chains

Sketch the generic value chain for a company and briefly describe the contributions of each of its elements.

The cost of making and delivering a product to the customer is referred to as

A company's product development strategy specifies the portfolio of new products that it will try to develop.

Between 1993 and 2006, Dell's competitive strategy was to provide a large variety of customizable products at a reasonable price. Given the focus on customization, Dell's supply chain was designed to

An example of intrafunctional scope is that outsourcing a key component is reasonable if the savings in staying current in technology results in improved performance in other areas of R&D that permit improved overall performance.

The interoperation scope has each stage of the supply chain devising its strategy independently.

The value that potential customers place on product cost and delivery time determines a company's

Which of the following customer needs will cause implied uncertainty of demand to increase?

To achieve complete strategic fit, a firm must ensure that all functions in the value chain have diverse strategies that support functional goals.

A company's partners in the supply chain determine

The preferable supply chain strategy for a firm that sells multiple products and serves customer segments with very different needs is to

For a company to achieve strategic fit, it must accomplish the following keys:

A company's product development strategy

Understanding the Supply Chain

Supply Chain Drivers and Metrics

Designing Distribution Networks and Applications to e-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Demand Forecasting in a Supply Chain

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

Coordination in a Supply Chain

Managing Economies of Scale in the Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Determining the Optimal Level of Product Availability

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Sustainability and the Supply Chain

Filters