Supply Chain Management

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Question 1
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A company's supply chain involves the flow of materials and information from suppliers, through production, to the end users.

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Question 2
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In supply chain organizations, functions must operate independently of each other.

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Question 3
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In purchasing, one's only ethical obligation is to one's suppliers.

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Question 4
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Using third-party logistics involves using your organization's logistics function to ship to customers that are not officially part of the supply chain.

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Question 5
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Every business organization is part of at least one supply chain.

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Question 6
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Frequent deliveries of small shipments can reduce inventory but also result in an increase in the transportation cost per unit.

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Question 7
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The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

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Question 8
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Managing supply chain visibility involves making sure that potential supply chain partners are aware of your organization's needs.

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Question 9
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The goal of supply chain management is to synchronize supply and demand of all of the organizations that are part of the chain.

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Question 10
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The need for risk management increases as globalization of supply chains increases.

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Question 11
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The design of the supply chain and establishing partnerships with vendors and distributors are examples of operational issues in a supply chain.

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Question 12
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Traffic management refers to truck movement within our parking areas.

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Question 13
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One of the major reasons for a company to adopt third-party logistics is to concentrate on one's core business.

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Question 14
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E-commerce refers to the use of electronic technology to facilitate business transactions.

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Question 15
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Disintermediation occurs when the traditional retailer or service provider is reduced or eliminated in a supply chain.

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Question 16
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Most people working for a business organization are somehow involved with the supply chain of that business.

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Question 17
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Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

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Question 18
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Forming strategic partnerships is beneficial for two or more business organizations that have the same products or services.

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Question 19
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Inventory velocity refers to the average speed (in miles/hour) of material handling equipment in a warehouse.

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Question 20
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Global supply chains make purchasing easier because there are more options.

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