Question 1

A company's competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services.

Accepted Answer

A) True 
 B)False

Question 2

A mechanic invests in a basic set of sockets and open ended wrenches and waits patiently under a shade tree for the next car to pull up.Under the watchful eye of his dog Spike,the mechanic can service any make or model car.They never know what type of car and what problem they will face each day,but are prepared for this uncertainty thanks to

Accepted Answer

A) excess capacity. 
B) flexible capacity. 
C) information. 
D) Spike. 
A) excess capacity. 
B) flexible capacity. 
C) information. 
D) Spike.

Question 3

Intraoperation scope resulted in minimal supply chain surplus.

Accepted Answer

A) True 
 B)False

Question 4

Which of these has the broader range?

Accepted Answer

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

Question 5

A company's partners in the supply chain determine

Accepted Answer

A) the company's success. 
B) the scope of strategic fit. 
C) the relevance of sustainability initiatives. 
D) the need for customers. 
A) the company's success. 
B) the scope of strategic fit. 
C) the relevance of sustainability initiatives. 
D) the need for customers.

Question 6

Operating with low levels of inventory helps a supply chain facing uncertainty because there is that much less product to flush out of the system before filling today's order.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?

Accepted Answer

A) Demand has become more certain and supply is predictable. 
B) Margins are lower due to an increase in competitive pressure. 
C) Product availability is crucial to capturing the market. 
D) Price becomes a significant factor in customer choice. 
A) Demand has become more certain and supply is predictable. 
B) Margins are lower due to an increase in competitive pressure. 
C) Product availability is crucial to capturing the market. 
D) Price becomes a significant factor in customer choice.

Question 8

If all functional strategies are deliberately aligned with each other and with the overall competitive strategy,then the company profit will be maximized.

Accepted Answer

A) True 
 B)False

Question 9

The functions and stages that devise an integrated strategy with an aligned objective are referred to as

Accepted Answer

A) competitive strategy. 
B) supply chain strategy. 
C) scope of strategic fit. 
D) scope of marketing strategy. 
A) competitive strategy. 
B) supply chain strategy. 
C) scope of strategic fit. 
D) scope of marketing strategy.

Question 10

Supply chain strategy specifies what the operations,distribution,and service functions,whether performed in-house or outsourced,should do particularly well.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) Report financial results with a high degree of accuracy 
B) Meet a very high service level 
C) Ship product in larger quantities than your competitors 
D) Substitute similar products to fill orders when the desired products are unavailable 
A) Report financial results with a high degree of accuracy 
B) Meet a very high service level 
C) Ship product in larger quantities than your competitors 
D) Substitute similar products to fill orders when the desired products are unavailable

Question 12

A company's product development 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 13

Discuss the impact of the product life cycle on strategic fit between implied demand uncertainty and supply chain responsiveness.

Accepted Answer

As products go through their life cycle,

Question 14

The final step in achieving strategic fit between competitive and supply chain strategies is to

Accepted Answer

A) understand the supply chain and map it on the responsiveness spectrum. 
B) understand customers and supply chain uncertainty. 
C) match supply chain responsiveness with the implied uncertainty of demand. 
D) combine customer and supply chain uncertainty and map it on the implied uncertainty spectrum. 
A) understand the supply chain and map it on the responsiveness spectrum. 
B) understand customers and supply chain uncertainty. 
C) match supply chain responsiveness with the implied uncertainty of demand. 
D) combine customer and supply chain uncertainty and map it on the implied uncertainty spectrum.

Question 15

Efficient supply chains

Accepted Answer

A) respond quickly to demand. 
B) have higher margins because price is not a prime customer driver. 
C) maintain buffer inventory to deal with demand/supply uncertainty. 
D) maximize performance at a minimum cost. 
A) respond quickly to demand. 
B) have higher margins because price is not a prime customer driver. 
C) maintain buffer inventory to deal with demand/supply uncertainty. 
D) maximize performance at a minimum cost.

Question 16

The value chain emphasizes the close relationship between all the functional strategies within a company.

Accepted Answer

A) True 
 B)False

A company's competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services.

Intraoperation scope resulted in minimal supply chain surplus.

Which of these has the broader range?

A company's partners in the supply chain determine

Operating with low levels of inventory helps a supply chain facing uncertainty because there is that much less product to flush out of the system before filling today's order.

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?

If all functional strategies are deliberately aligned with each other and with the overall competitive strategy,then the company profit will be maximized.

The functions and stages that devise an integrated strategy with an aligned objective are referred to as

Supply chain strategy specifies what the operations,distribution,and service functions,whether performed in-house or outsourced,should do particularly well.

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

A company's product development strategy

Discuss the impact of the product life cycle on strategic fit between implied demand uncertainty and supply chain responsiveness.

The final step in achieving strategic fit between competitive and supply chain strategies is to

Efficient supply chains

The value chain emphasizes the close relationship between all the functional strategies within a company.

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

A company's competitive strategy defines the set of customer needs that it seeks to satisfy through its products and services.

Intraoperation scope resulted in minimal supply chain surplus.

Which of these has the broader range?

A company's partners in the supply chain determine

Operating with low levels of inventory helps a supply chain facing uncertainty because there is that much less product to flush out of the system before filling today's order.

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?

If all functional strategies are deliberately aligned with each other and with the overall competitive strategy,then the company profit will be maximized.

The functions and stages that devise an integrated strategy with an aligned objective are referred to as

Supply chain strategy specifies what the operations,distribution,and service functions,whether performed in-house or outsourced,should do particularly well.

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

A company's product development strategy

Discuss the impact of the product life cycle on strategic fit between implied demand uncertainty and supply chain responsiveness.

The final step in achieving strategic fit between competitive and supply chain strategies is to

Efficient supply chains

The value chain emphasizes the close relationship between all the functional strategies within a company.

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