Exam 6: Supply Chain Management

Outsourcing products to oversee manufacturing may help minimize the retail cost of these products,but it comes at risk.For example,American TV manufacturers Magnavox and Zenith outsourced the production of TVs to companies in Asia,and as a result have gone out of business.What actions could these companies have done to minimize the chance of being "hollowed out" and remain in business?

Which of the following is not a basic area of consideration in supplier management?

To ensure that contracted supplies will be available when needed,organizations periodically conduct supplier __________ of their vendors,checking for potential production or delivery problems,quality assurance,design,improvement procedures and corrective actions.

Purchasing tends to follow three practices;which of the following is NOT one of them?

Risk costs include interest on money invested in inventory and in the land,buildings,and equipment necessary to hold and maintain the inventory.

Organizations that process natural or basic resources as raw materials or other essential inputs to obtain their outputs will locate near their resources if one of the following conditions holds:

Organizations that are highly effective in SCM purchasing seem to follow what three practices?

__________ may be thought of as the ability of one organization's computer to communicate with another's computer.

Logistics consist(s)of the following,EXCEPT:

Water is a good transportation mode for small,high-value,or perishable items.

Enterprise resource planning systems are designed to collect and interpret customer-based data.

There are many purposes for holding inventory,but,in general,inventories have five basic functions.What are they?

How could a company like PepsiCo Inc.utilize an intranet network and an extranet network?

Inventories are usually classified into four forms.What are they?

Which of the following is false about supply chains?

Why would total cost minimization be an unreasonable objective for an inventory system of Twinkies located inside your local grocery store?

In a typical organization,how much cost does the supply chain represent?

Some benefits of electronic data interchange include less redundancy,improved customer service,and better order tracing.

The term supply chain generally refers to all the activities involved in supplying an end user with a product or service.

Name a few benefits of having an efficient Supply chain.