Question 1

Which of the following is not one of the five basic components of supply chain management?

Accepted Answer

A)   Plan
B)   Source
C)   Cost
D)   DeliverE) A) and C)
F) C) and D)

Question 2

____________ management and control software provides control and visibility to the status of individual items maintained in inventory.

Accepted Answer

The answer of ____________ management and control software provides control...

Question 3

List the components of a typical supply chain.

Accepted Answer

The components of a typical su...

Question 4

The customers' customer is upstream in the supply chain.

Accepted Answer

A) True 
 B)False

Question 5

Describe the five key competitive priorities that translate directly into characteristics that are used to describe various processes by which a company can add value to its OM decisions.

Accepted Answer

(1) Cost: Every industry has low-cost pr...

Question 6

A supply ____________ consists of all parties involved, directly or indirectly, in the procurement of a product or raw material.

Accepted Answer

The answer of A supply ____________ consists of all parties...

Question 7

Which of the following is not one of the three main links in the supply chain?

Accepted Answer

A)   Materials flow from suppliers and their "downstream" suppliers at all levels
B)   Transformation of materials into semifinished and finished products-the organization's own production processes
C)   Distribution of products to customers and their "downstream" customers at all levels
D)   None of theseE) A) and B)
F) A) and C)

Question 8

Describe the four drivers of supply chain management.

Accepted Answer

Visibility, consumer behaviour, competit...

Question 9

Make the sale to ___________ is one of the keys to SCM success.

Accepted Answer

The answer of Make the sale to ___________ is one...

Question 10

Define the relationship between supply chain management and decision making.

Accepted Answer

SCM enhances decision making. Collecting, analyzing, and distributing transactional information to all relevant parties, SCM systems help all the different entities in the supply chain work together more effectively. SCM systems provide dynamic holistic views of organizations. Users can "drill down" into detailed analyses of supply chain activities in a process analogous to DSS. Without SCM systems, organizations would be unable to make accurate and timely decisions regarding its supply chain.

Question 11

Operations management (OM) is the management of systems or processes that convert or transform resources into goods and services.

Accepted Answer

A) True 
 B)False  True

Question 12

In a supply chain, which of the following moves in the direction of downstream?

Accepted Answer

A)   Order information
B)   Payment
C)   Goods
D)   ReturnsE) B) and C)
F) None of the above

Question 13

______________________________ track and analyze the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost.

Accepted Answer

Transporta...

Question 14

Today, SCM systems focus on extending beyond an organization's four walls to influence:

Accepted Answer

A)   Suppliers
B)   Suppliers' supplier
C)   Customers' customer
D)   All of theseE) B) and C)
F) B) and D)

Question 15

What is it called when distorted product demand information passes from one entity to the next throughout the supply chain?

Accepted Answer

A)   Bullwhip effect
B)   Demand planning software
C)   Supply chain planning software
D)   Supply chain execution softwareE) A) and B)
F) A) and C)

Question 16

__________________________________ use sales forecasts to make sure that needed parts and materials are available at the right time and place in a specific company.

Accepted Answer

Material requirements planning (MRP systems

Question 17

Decisions are sometimes referred to as __________________, which focuses on long range planning such as plant size, location, and type of process to be used.

Accepted Answer

A)   strategic planning
B)   tactical planning
C)   transportation planning
D)   operations planningE) A) and B)
F) None of the above

Question 18

The __________ effect occurs when distorted product demand information passes from one entity to the next throughout the supply chain.

Accepted Answer

The answer of The __________ effect occurs when distorted product...

Question 19

What tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost?

Accepted Answer

A)   Inventory management and control software
B)   Global inventory management system
C)   Transportation planning system
D)   Distribution management softwareE) A) and B)
F) A) and C)

Question 20

Describe the four changes resulting from advances in IT that are driving supply chains.

Accepted Answer

(1) Visibility-More visible models of di...

Exam 8: Supply Chain Management

Which of the following is not one of the five basic components of supply chain management?

Correct Answer
verified

____________ management and control software provides control and visibility to the status of individual items maintained in inventory.

Correct Answer
verified

List the components of a typical supply chain.

Correct Answer
verified
The components of a typical su...
View Answer

The customers' customer is upstream in the supply chain.

Correct Answer
verified

Describe the five key competitive priorities that translate directly into characteristics that are used to describe various processes by which a company can add value to its OM decisions.

Correct Answer
verified
(1) Cost: Every industry has low-cost pr...
View Answer

A supply ____________ consists of all parties involved, directly or indirectly, in the procurement of a product or raw material.

Correct Answer
verified

Which of the following is not one of the three main links in the supply chain?

Correct Answer
verified

Describe the four drivers of supply chain management.

Correct Answer
verified
Visibility, consumer behaviour, competit...
View Answer

Make the sale to ___________ is one of the keys to SCM success.

Correct Answer
verified

Define the relationship between supply chain management and decision making.

Operations management (OM) is the management of systems or processes that convert or transform resources into goods and services.

Correct Answer
verified
True

In a supply chain, which of the following moves in the direction of downstream?

Correct Answer
verified

______________________________ track and analyze the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost.

Correct Answer
verified
Transporta...
View Answer

Today, SCM systems focus on extending beyond an organization's four walls to influence:

Correct Answer
verified

What is it called when distorted product demand information passes from one entity to the next throughout the supply chain?

Correct Answer
verified

__________________________________ use sales forecasts to make sure that needed parts and materials are available at the right time and place in a specific company.

Correct Answer
verified
Material requirements planning (MRP systems

Decisions are sometimes referred to as __________________, which focuses on long range planning such as plant size, location, and type of process to be used.

Correct Answer
verified

The __________ effect occurs when distorted product demand information passes from one entity to the next throughout the supply chain.

Correct Answer
verified

What tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost?

Correct Answer
verified

Describe the four changes resulting from advances in IT that are driving supply chains.

Correct Answer
verified
(1) Visibility-More visible models of di...
View Answer

Exam 8: Supply Chain Management

Which of the following is not one of the five basic components of supply chain management?

Correct AnswerverifiedShow Answer

____________ management and control software provides control and visibility to the status of individual items maintained in inventory.

Correct AnswerverifiedShow Answer

List the components of a typical supply chain.

Correct AnswerverifiedThe components of a typical su...View AnswerShow Answer

The customers' customer is upstream in the supply chain.

Correct AnswerverifiedShow Answer

Describe the five key competitive priorities that translate directly into characteristics that are used to describe various processes by which a company can add value to its OM decisions.

Correct Answerverified(1) Cost: Every industry has low-cost pr...View AnswerShow Answer

A supply ____________ consists of all parties involved, directly or indirectly, in the procurement of a product or raw material.

Correct AnswerverifiedShow Answer

Which of the following is not one of the three main links in the supply chain?

Correct AnswerverifiedShow Answer

Describe the four drivers of supply chain management.

Correct AnswerverifiedVisibility, consumer behaviour, competit...View AnswerShow Answer

Make the sale to ___________ is one of the keys to SCM success.

Correct AnswerverifiedShow Answer

Define the relationship between supply chain management and decision making.

Operations management (OM) is the management of systems or processes that convert or transform resources into goods and services.

Correct AnswerverifiedTrue

In a supply chain, which of the following moves in the direction of downstream?

Correct AnswerverifiedShow Answer

______________________________ track and analyze the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost.

Correct AnswerverifiedTransporta...View AnswerShow Answer

Today, SCM systems focus on extending beyond an organization's four walls to influence:

Correct AnswerverifiedShow Answer

What is it called when distorted product demand information passes from one entity to the next throughout the supply chain?

Correct AnswerverifiedShow Answer

__________________________________ use sales forecasts to make sure that needed parts and materials are available at the right time and place in a specific company.

Correct AnswerverifiedMaterial requirements planning (MRP systems

Decisions are sometimes referred to as __________________, which focuses on long range planning such as plant size, location, and type of process to be used.

Correct AnswerverifiedShow Answer

The __________ effect occurs when distorted product demand information passes from one entity to the next throughout the supply chain.

Correct AnswerverifiedShow Answer

What tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost?

Correct AnswerverifiedShow Answer

Describe the four changes resulting from advances in IT that are driving supply chains.

Correct Answerverified(1) Visibility-More visible models of di...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The components of a typical su...
View Answer

Correct Answer
verified

Correct Answer
verified
(1) Cost: Every industry has low-cost pr...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Visibility, consumer behaviour, competit...
View Answer

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified
Transporta...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Material requirements planning (MRP systems

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
(1) Visibility-More visible models of di...
View Answer