Question 1

The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which of the following is not included in them?

Accepted Answer

A)   Complexity
B)   Inventory deployment
C)   Inventory carrying costs
D)   Technology C

Question 2

Supply chain managers no longer need to worry about suboptimization in light of today's technology.

Accepted Answer

A) True 
 B)False  False

Question 3

Cost/value refers to:

Accepted Answer

A)   getting the best value for the money spent.
B)   U.S. firms competing in the global arena.
C)   the importance of cost and value at the very end of the supply chain.
D)   product variety. C

Question 4

Which of the following is not one of the external forces driving the rate of change and shaping our economic and political landscape?

Accepted Answer

A)   Government policy
B)   Technology
C)   Environmental concerns
D)   Globalization

Question 5

A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system.

Accepted Answer

A) True 
 B)False

Question 6

A critical outcome of the supply chain is to deliver:

Accepted Answer

A)   profits.
B)   the right product to the right place.
C)   cost/value.
D)   on management's expectations.

Question 7

Which of the following flows only one way as illustrated in Figure 1-4 (in the text)?

Accepted Answer

A)   Information
B)   Products and services
C)   Financials
D)   None of these answers

Question 8

One of the major challenges of supply chain management is:

Accepted Answer

A)   forward buying.
B)   maintaining the visibility of inventory.
C)   building safety-stock inventory.
D)   pushing inventory back to vendors.

Question 9

Globalization has had little effect on consumers.

Accepted Answer

A) True 
 B)False

Question 10

Discuss how Performance Measurement can affect Supply Chain Management.

Accepted Answer

The answer of Discuss how Performance Measurement can affect Supply...

Question 11

What is the role of Transportation Management in connection with Supply Chains?

Accepted Answer

The answer of What is the role of Transportation Management...

Question 12

Most retailers are essentially supply chain companies since they:

Accepted Answer

A)   dominate the consumer market.
B)   own their warehouses and trucks.
C)   buy products produced by others.
D)   engage in off-shore sourcing.

Question 13

Supply and demand has become less volatile as managers have become more adept at controlling the elements.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is not part of the Supply Chain network?

Accepted Answer

A)   Plants
B)   Stores
C)   Terminals
D)   Distribution centers

Question 15

Logistics, in its simplest form,

Accepted Answer

A)   is a military term, as it was developed originally to supply the battlefield.
B)   combines inbound logistics with the outbound logistics of physical distribution.
C)   is another term for transportation management.
D)   does not involve customer service or other related functions.

Question 16

Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and vendors.

Accepted Answer

A)   This is still true and has not changed.
B)   Computerization has greatly increased the flow of information from the source.
C)   The "Big Box" stores have developed their own sources.
D)   None of these answers.

Question 17

The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is not an external factor that is shaping the economic and political landscape?

Accepted Answer

A)   Globalization
B)   Government policy and regulation
C)   Technology
D)   Organizational division

Question 19

Performance measurement is important because:

Accepted Answer

A)   it allows firms to rate competitors.
B)   without it, managers would not know how the global economy is doing.
C)   companies presently operating in the European Economic Community need to understand how its competitors are doing.
D)   lower-level metrics in an organization must connect directly to the high-level performance to achieve goals.

Question 20

Complexity in the supply chain is caused by:

Accepted Answer

A)   the number of SKUs.
B)   locations of customers and suppliers.
C)   transportation requirements.
D)   all of these answers.

Exam 1: Supply Chain Management: an Overview

The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which of the following is not included in them?

Supply chain managers no longer need to worry about suboptimization in light of today's technology.

Cost/value refers to:

Which of the following is not one of the external forces driving the rate of change and shaping our economic and political landscape?

A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system.

A critical outcome of the supply chain is to deliver:

Which of the following flows only one way as illustrated in Figure 1-4 (in the text) ?

One of the major challenges of supply chain management is:

Globalization has had little effect on consumers.

Discuss how Performance Measurement can affect Supply Chain Management.

What is the role of Transportation Management in connection with Supply Chains?

Most retailers are essentially supply chain companies since they:

Supply and demand has become less volatile as managers have become more adept at controlling the elements.

Which of the following is not part of the Supply Chain network?

Logistics, in its simplest form,

Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and vendors.

The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily.

Which of the following is not an external factor that is shaping the economic and political landscape?

Performance measurement is important because:

Complexity in the supply chain is caused by: