Exam 8: Supply Chain Management

Describe the fastest growing components of SCM systems.

The goal of ___________ quality standard is to detect potential problems to prevent their occurrence and achieve no more than 3.4 defects per million opportunities.

___________ is the management of systems or processes that convert or transform resources into goods and services.

The primary role of IS in SCM is integrating the information links between functions within a firm-such as marketing, sales, finance, manufacturing, and distribution-and between firms, which allows the smooth, synchronized flow of both information and product between customers, suppliers, and transportation providers across the supply chain.

Supply chain ________ management enables an organization to react more quickly to resolve supply chain issues.

Deploy in incremental phases and measure and communicate success is one of the keys to success for SCM.

Global inventory management systems (GIMS) provide the ability to locate, track, and predict the movement of every component or material anywhere upstream or downstream in the business process.

What is the ability to view all areas up and down the supply chain?

In a supply chain, order information flows in the direction of ________.

The ability of a firm to provide consistent and fast delivery allows it to charge a(n) ______________________ price for its products.

Which of the following is a key to SCM success?

Which one of the following quality standard aims at no more than 3.4 defects per million opportunities?

_____________________ is responsible for managing the core processes used to manufacture goods and produce services.

Which of the following generates demand forecasts using statistical tools and forecasting techniques?

An organization's supply chain strategy can focus on efficiency or effectiveness, but not both.

_________________________ coordinate the process of transporting materials from a manufacturer to distribution centres to the final customers.

Describe the future trends in supply chain management systems.

Information technology, consumer behaviour, visibility, and speed are the four changes resulting from advances in technology that are driving supply chains.

What allows an organization to reduce the cost and time required during the design process of a product?

In a supply chain, foods or services flows in the direction of ________.