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- 1. Multiple Choice
A critical outcome of the supply chain is to deliver
profits
the right product to the right place
cost/value
on management's expectations
- 2. Multiple Choice
Performance measurement is important because
without it, managers would not know how the global economy is doing
without it, managers would not know how the global economy is doing
companies presently operating in the European Economic Community need to understand how its competitors are doing
lower-level metrics in an organization must connect directly to the high-level performance to achieve goals
- 3. Multiple Choice
The last decade of the twentieth century was a period of rapid change for organizations, especially businesses
true
false
- 4. Multiple Choice
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
true
false
- 5. Multiple Choice
Globalization has had little effect on consumers
true
false
- 6. Multiple Choice
Supply and demand has become less volatile as managers become more adept at controlling the elements
true
false
- 7. Multiple Choice
Cost/Value refers to
getting the best value for the money spent
U.S. firms competing in the global arena
the importance of cost and value at the very end of the supply chain
product variety
- 8. Multiple Choice
Outsourcing is a fairly new concept
true
false
- 9. Multiple Choice
SAB should examine their off-shore purchasing policy, even though the products are sourced from the U.S.
true
false
- 10. Multiple Choice
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
true
false
- 11. Multiple Choice
Complexity in the supply chain is caused by
the number of SKUs
locations of customers and suppliers
transportation requirements
All of these answers
- 12. Multiple Choice
Which of the following is not part of the Supply Chain network?
plants
stores
terminals
distribution centers
- 13. Multiple Choice
The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which is not included?
complexity
inventory deployment
inventory carrying costs
technology
- 14. Multiple Choice
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
This is still true and has not changed
Computerization has greatly increased the flow of information from the source
The "Big Box" stores have developed their own sources
None of these answers
- 15. Multiple Choice
One of the major challenges of supply chain management is
forward buying
maintaining the visibility of inventory
building safety-stock inventory
Pushing inventory back to vendors
- 16. Multiple Choice
Logistics, in its simplest form
is a military term, as it was developed originally to supply the battlefield
combines inbound logistics with the outbound logistics of physical distribution
is another term for transportation management
does not involve customer service or other related functions
- 17. Multiple Choice
The U.S. transportation system was deregulated in the 1930s and 1940s in response to economic conditions and World War 2
true
false
- 18. Multiple Choice
Even though there are references to supply chain management in the 1980s, SCM did not capture the attention of senior-level management until the 1990s
true
false
- 19. Multiple Choice
Supply chain managers no longer need to worry about suboptimization in light of today's technology
true
false
- 20. Multiple Choice
Most retailers are essentially supply chain companies since
they dominate the consumer market
own their warehouses and trucks
they buy products produced by others
engage in off-shore sourcing
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