Exam 8: Supply Chain Management

The ability of a firm to provide consistent and fast delivery allows it to charge a premium price for its products.

Which one of the following is an activity of Operations Management (OM)?

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

Materials flow from suppliers and their _______________ suppliers at all levels.

___________ will become an effective tool for tracking and monitoring inventory movement in a real-time SCM environment.

The goal of six sigma quality is to detect potential problems to prevent their occurrence and achieve no more than 4.3 defects per million opportunities.

Collaborative ______________ allows an organization to reduce the cost and time required during the design process of a product.

Plan, source, make, deliver, and return are the five basic supply chain management components.

Which of the following is a principle of supply chain management?

In ______________ component of supply chain management, companies must carefully choose reliable suppliers that will deliver goods and services required for making products, and develop a set of pricing, delivery, and payment processes with suppliers and create metrics for monitoring and improving the relationships.

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

Consumer behaviour, _____________, competition, and speed are the four changes resulting from advances in IT that are driving supply chains.