Question 1

The cycle view of a supply chain holds that

Accepted Answer

A) the processes in a supply chain are divided into 2 categories. 
B) the processes in a supply chain are divided into a series of activities performed at the interface between successive stages. 
C) all processes in a supply chain are initiated in response to a customer order. 
D) all processes in a supply chain are performed in anticipation of customer orders. 
A) the processes in a supply chain are divided into 2 categories. 
B) the processes in a supply chain are divided into a series of activities performed at the interface between successive stages. 
C) all processes in a supply chain are initiated in response to a customer order. 
D) all processes in a supply chain are performed in anticipation of customer orders.

Question 2

Explain the 3 decision phases (categories)that must be made in a successful supply chain.

Accepted Answer

The 3 decision phases that occur within

Question 3

Explain why supply chain flows are important.

Accepted Answer

Supply chain flows are important,because

Question 4

Toyota's global complementation strategy

Accepted Answer

A) calls for plants to be devoted to the production of vehicles for only the local market. 
B) dictates that parts plants be built to supply all of the needs for each vehicle production plant worldwide. 
C) requires that a single parts plant,for example,for brakes,export brake components to all of its vehicle assembly plants worldwide. 
D) mandates that plants can produce vehicles for export to markets that remain strong when the local market weakens. 
A) calls for plants to be devoted to the production of vehicles for only the local market. 
B) dictates that parts plants be built to supply all of the needs for each vehicle production plant worldwide. 
C) requires that a single parts plant,for example,for brakes,export brake components to all of its vehicle assembly plants worldwide. 
D) mandates that plants can produce vehicles for export to markets that remain strong when the local market weakens.

Question 5

A supply chain features a constant flow of

Accepted Answer

A) information,product and funds. 
B) personnel,information,and policies. 
C) processes,funds,and product. 
D) product,processes,and support. 
A) information,product and funds. 
B) personnel,information,and policies. 
C) processes,funds,and product. 
D) product,processes,and support.

Question 6

The production scheduling process in the manufacturing cycle is similar to the order entry process in the replenishment cycle.

Accepted Answer

A) True 
 B)False

Question 7

The drawback of Zara's responsive supply chain is that it tends to sell more products at markdown than most of its competitors.

Accepted Answer

A) True 
 B)False

Question 8

Supply chain macro processes include which of the following?

Accepted Answer

A) Internal Relationship Management (IRM) 
B) Customer Relationship Management (CRM) 
C) External Relationship Management (ERM) 
D) Supplier Relationship Management (SCRM) 
A) Internal Relationship Management (IRM) 
B) Customer Relationship Management (CRM) 
C) External Relationship Management (ERM) 
D) Supplier Relationship Management (SCRM)

Question 9

The objective of every supply chain is to maximize the net value generated.

Accepted Answer

A) True 
 B)False

Question 10

The goal during the supply chain operation phase is to exploit the reduction of uncertainty and optimize performance.

Accepted Answer

A) True 
 B)False

Question 11

The procurement cycle occurs at the manufacturer/supplier interface.

Accepted Answer

A) True 
 B)False

Question 12

The relationship between the manufacturer and supplier during the procurement cycle is very similar to the relationship between

Accepted Answer

A) customer and retailer. 
B) retailer and distributor. 
C) distributor and manufacturer. 
A) customer and retailer. 
B) retailer and distributor. 
C) distributor and manufacturer.

Question 13

Push processes may also be referred to as speculative processes.

Accepted Answer

A) True 
 B)False

Question 14

The objective of customer order entry is to

Accepted Answer

A) get the correct orders to customers by the promised due date at the lowest possible cost. 
B) maintain a record of product receipt and complete payment. 
C) maximize the conversion of customer arrivals to customer orders. 
D) ensure that orders are quickly and accurately entered and communicated to other affected supply chain processes. 
A) get the correct orders to customers by the promised due date at the lowest possible cost. 
B) maintain a record of product receipt and complete payment. 
C) maximize the conversion of customer arrivals to customer orders. 
D) ensure that orders are quickly and accurately entered and communicated to other affected supply chain processes.

Question 15

The activities associated with planning typically occur during which macro process?

Accepted Answer

A) SRM 
B) ISCM 
C) DRM 
D) CRM 
A) SRM 
B) ISCM 
C) DRM 
D) CRM

Question 16

The production scheduling process in the manufacturing cycle is similar to the

Accepted Answer

A) order receiving process in the replenishment cycle. 
B) order fulfillment process in the replenishment cycle. 
C) order entry process in the replenishment cycle. 
D) order trigger process in the replenishment cycle. 
A) order receiving process in the replenishment cycle. 
B) order fulfillment process in the replenishment cycle. 
C) order entry process in the replenishment cycle. 
D) order trigger process in the replenishment cycle.

Question 17

A supply chain could be more accurately described as a supply network or supply web.

Accepted Answer

A) True 
 B)False

Question 18

The push/pull view of a supply chain holds that

Accepted Answer

A) the processes in a supply chain are divided into a series of activities performed at the interface between successive stages. 
B) all processes in a supply chain are initiated in response to a customer order. 
C) all responses in a supply chain are performed in anticipation of customer orders. 
D) the processes in a supply chain are divided into 2 categories depending on whether they are initiated in response to or in anticipation of customer orders. 
A) the processes in a supply chain are divided into a series of activities performed at the interface between successive stages. 
B) all processes in a supply chain are initiated in response to a customer order. 
C) all responses in a supply chain are performed in anticipation of customer orders. 
D) the processes in a supply chain are divided into 2 categories depending on whether they are initiated in response to or in anticipation of customer orders.

Question 19

The difference between the value of the product and its price remains with the customer as consumer surplus.

Accepted Answer

A) True 
 B)False

Question 20

A key issue facing Toyota is

Accepted Answer

A) developing an Internet marketing system. 
B) whether to specialize in a particular market. 
C) design of its global production and distribution network. 
D) how to implement model changes. 
A) developing an Internet marketing system. 
B) whether to specialize in a particular market. 
C) design of its global production and distribution network. 
D) how to implement model changes.

The cycle view of a supply chain holds that

Explain the 3 decision phases (categories)that must be made in a successful supply chain.

Explain why supply chain flows are important.

Toyota's global complementation strategy

A supply chain features a constant flow of

The production scheduling process in the manufacturing cycle is similar to the order entry process in the replenishment cycle.

The drawback of Zara's responsive supply chain is that it tends to sell more products at markdown than most of its competitors.

Supply chain macro processes include which of the following?

The objective of every supply chain is to maximize the net value generated.

The goal during the supply chain operation phase is to exploit the reduction of uncertainty and optimize performance.

The procurement cycle occurs at the manufacturer/supplier interface.

The relationship between the manufacturer and supplier during the procurement cycle is very similar to the relationship between

Push processes may also be referred to as speculative processes.

The objective of customer order entry is to

The activities associated with planning typically occur during which macro process?

The production scheduling process in the manufacturing cycle is similar to the

A supply chain could be more accurately described as a supply network or supply web.

The push/pull view of a supply chain holds that

The difference between the value of the product and its price remains with the customer as consumer surplus.

A key issue facing Toyota is

Achieving Strategic Fit in a 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 1: Understanding the Supply Chain

The cycle view of a supply chain holds that

Explain the 3 decision phases (categories)that must be made in a successful supply chain.

Explain why supply chain flows are important.

Toyota's global complementation strategy

A supply chain features a constant flow of

The production scheduling process in the manufacturing cycle is similar to the order entry process in the replenishment cycle.

The drawback of Zara's responsive supply chain is that it tends to sell more products at markdown than most of its competitors.

Supply chain macro processes include which of the following?

The objective of every supply chain is to maximize the net value generated.

The goal during the supply chain operation phase is to exploit the reduction of uncertainty and optimize performance.

The procurement cycle occurs at the manufacturer/supplier interface.

The relationship between the manufacturer and supplier during the procurement cycle is very similar to the relationship between

Push processes may also be referred to as speculative processes.

The objective of customer order entry is to

The activities associated with planning typically occur during which macro process?

The production scheduling process in the manufacturing cycle is similar to the

A supply chain could be more accurately described as a supply network or supply web.

The push/pull view of a supply chain holds that

The difference between the value of the product and its price remains with the customer as consumer surplus.

A key issue facing Toyota is

Achieving Strategic Fit in a 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