Exam 15: Supply Chain Management

One of the biggest ethical risks in supply chain management is that the __________ supply chain member tends to be the one that suffers the blame and/or lost goodwill when something goes wrong.

Information technology is the key to success of global supply chains.

One of the major reasons for a company to adopt third-party logistics is to concentrate on one's core business.

Which of the following is part of the purchasing cycle? (I) Purchasing selects a supplier. (II) Orders from vendors are received. (III) Purchasing receives a requisition.

Our organization can obtain visibility to potential trading partners on the Internet by using:

In e-commerce, the front-end design is significantly more important than the back-end design.

Vendor analysis has the greatest potential for savings for items which have:

RFID chips: (I) are used to track goods in distribution. (II) are used to track job progress in production. (III) are used to provide special instructions to operators. (IV) can be used in inventory record keeping.

The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

Logistics includes all of these except:

Which of the following is not a benefit of centralized purchasing?

Using third-party fulfillment means losing control of fulfillment.

Scheduling and maintaining equipment are operational decisions.

E-commerce refers to the use of electronic technology to facilitate business transactions.

Which of the following is not a benefit of RFID?

A factor that makes it desirable for business organizations to actively manage their supply chains is:

An advantage of decentralized purchasing is the attention given to local needs.

Every business organization is part of at least one supply chain.

Which of the following is not a performance driver?

In purchasing, one's only ethical obligation is to one's suppliers.