Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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 3

The degree of supply chain responsiveness should be consistent with the implied uncertainty.

Accepted Answer

A) True 
 B)False

Question 4

The intercompany scope of strategic fit is no longer relevant today because the competitive playing field has shifted from company versus company to supply chain versus supply chain.

Accepted Answer

A) True 
 B)False

Question 5

The curve that shows the lowest possible cost for a given level of responsiveness is referred to as the

Accepted Answer

A) supply chain responsiveness curve. 
B) supply chain efficiency curve. 
C) cost-responsiveness efficient frontier. 
D) responsiveness spectrum. 
A) supply chain responsiveness curve. 
B) supply chain efficiency curve. 
C) cost-responsiveness efficient frontier. 
D) responsiveness spectrum.

Question 6

A company's marketing and sales 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.

Question 7

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 8

A firm that is not on the cost-responsiveness efficient frontier can improve

Accepted Answer

A) both responsiveness and cost performance. 
B) only responsiveness. 
C) only cost performance. 
D) responsiveness,but not cost performance. 
A) both responsiveness and cost performance. 
B) only responsiveness. 
C) only cost performance. 
D) responsiveness,but not cost performance.

Question 9

Discuss the two keys to the success or failure of a company.

Accepted Answer

A company's success or failure is thus c

Question 10

Monolithic Lumber has purchased timber from Bunyan Axe,the same wholly-owned subsidiary,for the last two centuries and plans to do so for another two centuries.It is crucial that Monolithic continue to demonstrate an agile company scope.

Accepted Answer

A) True 
 B)False

Question 11

With the ________ view,firms attempt to align all operations within a function.In this view,all supply chain functions including sourcing,manufacturing,warehousing,and transportation must align their strategy to minimize total functional cost.

Accepted Answer

A) intrafunctional scope 
B) intraoperation scope 
C) interfunctional scope 
D) intercompany scope 
A) intrafunctional scope 
B) intraoperation scope 
C) interfunctional scope 
D) intercompany scope

Question 12

A ________ strategy specifies the portfolio of new products that a company will try to develop.

Accepted Answer

A) Product Development 
B) Marketing and Sales 
C) Supply Chain 
D) Finance 
A) Product Development 
B) Marketing and Sales 
C) Supply Chain 
D) Finance

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

Ron Popiel is so convinced that his next product,the Thong-O-Matic,will be a big hit,that he has contracted with the three largest outsource call centers in Bangalore India before his first infomercial airs."Operators truly will be standing by," Ron confides in his twin Don,"as I extoll the virtues of this device that can help a person get dressed in the morning." Forecasts for demand are all over the place,which is why Ron has elected to pull the

Accepted Answer

A) excess capacity lever. 
B) flexible capacity lever. 
C) information lever. 
D) patient customer lever. 
A) excess capacity lever. 
B) flexible capacity lever. 
C) information lever. 
D) patient customer lever.

Question 15

The uncertainty of customer demand for a product is the

Accepted Answer

A) rate of strategic uncertainty. 
B) demand uncertainty. 
C) implied demand uncertainty. 
D) average forecast error. 
A) rate of strategic uncertainty. 
B) demand uncertainty. 
C) implied demand uncertainty. 
D) average forecast error.

Question 16

Supply chain responsiveness includes the ability to do which of the following?

Accepted Answer

A) Ship product in larger quantities than your competitors 
B) Substitute similar products to fill orders when the desired products are unavailable 
C) Meet short lead times 
D) Ensure that due dates are met regardless of accuracy of the fulfillment process 
A) Ship product in larger quantities than your competitors 
B) Substitute similar products to fill orders when the desired products are unavailable 
C) Meet short lead times 
D) Ensure that due dates are met regardless of accuracy of the fulfillment process

Question 17

A company's supply chain 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.

Question 18

For a company to achieve strategic fit,it must accomplish which of the following keys?

Accepted Answer

A) The company should have a functional area for each customer. 
B) The different functions in a company must each have a strategy that is optimal for their own processes. 
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 detailed in the annual report. 
A) The company should have a functional area for each customer. 
B) The different functions in a company must each have a strategy that is optimal for their own processes. 
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 detailed in the annual report.

Question 19

Which of the following defines the set of customer needs that a company seeks to satisfy through its products and services?

Accepted Answer

A) Competitive strategy 
B) Product development strategy 
C) Marketing and sales strategy 
D) Supply chain strategy 
A) Competitive strategy 
B) Product development strategy 
C) Marketing and sales strategy 
D) Supply chain strategy

Question 20

A company's supply chain strategy determines the nature of procurement and transportation of materials as well as the manufacture and distribution of the product.

Accepted Answer

A) True 
 B)False

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

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

The degree of supply chain responsiveness should be consistent with the implied uncertainty.

The intercompany scope of strategic fit is no longer relevant today because the competitive playing field has shifted from company versus company to supply chain versus supply chain.

The curve that shows the lowest possible cost for a given level of responsiveness is referred to as the

A company's marketing and sales strategy

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

A firm that is not on the cost-responsiveness efficient frontier can improve

Discuss the two keys to the success or failure of a company.

Monolithic Lumber has purchased timber from Bunyan Axe,the same wholly-owned subsidiary,for the last two centuries and plans to do so for another two centuries.It is crucial that Monolithic continue to demonstrate an agile company scope.

With the ________ view,firms attempt to align all operations within a function.In this view,all supply chain functions including sourcing,manufacturing,warehousing,and transportation must align their strategy to minimize total functional cost.

A ________ strategy specifies the portfolio of new products that a company will try to develop.

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

The uncertainty of customer demand for a product is the

Supply chain responsiveness includes the ability to do which of the following?

A company's supply chain strategy

For a company to achieve strategic fit,it must accomplish which of the following keys?

Which of the following defines the set of customer needs that a company seeks to satisfy through its products and services?

A company's supply chain strategy determines the nature of procurement and transportation of materials as well as the manufacture and distribution of the product.

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

Coordination in a Supply Chain

Managing Economies of Scale in a Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Linking Product Availability to Profits

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: Achieving Strategic Fit in a Supply Chain

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

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

The degree of supply chain responsiveness should be consistent with the implied uncertainty.

The intercompany scope of strategic fit is no longer relevant today because the competitive playing field has shifted from company versus company to supply chain versus supply chain.

The curve that shows the lowest possible cost for a given level of responsiveness is referred to as the

A company's marketing and sales strategy

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

A firm that is not on the cost-responsiveness efficient frontier can improve

Discuss the two keys to the success or failure of a company.

Monolithic Lumber has purchased timber from Bunyan Axe,the same wholly-owned subsidiary,for the last two centuries and plans to do so for another two centuries.It is crucial that Monolithic continue to demonstrate an agile company scope.

With the ________ view,firms attempt to align all operations within a function.In this view,all supply chain functions including sourcing,manufacturing,warehousing,and transportation must align their strategy to minimize total functional cost.

A ________ strategy specifies the portfolio of new products that a company will try to develop.

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

The uncertainty of customer demand for a product is the

Supply chain responsiveness includes the ability to do which of the following?

A company's supply chain strategy

For a company to achieve strategic fit,it must accomplish which of the following keys?

Which of the following defines the set of customer needs that a company seeks to satisfy through its products and services?

A company's supply chain strategy determines the nature of procurement and transportation of materials as well as the manufacture and distribution of the product.

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

Coordination in a Supply Chain

Managing Economies of Scale in a Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Linking Product Availability to Profits

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