Supply Chain Management

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Question 1
Free
Multiple Choice

The design and management of seamless,value-added processes across organizational boundaries to meet the real needs of the end customer is called

Choose correct answer/s
A

demand management.

B

distribution channel management.

C

supply chain management.

D

logistics management.

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Question 2
Free
Multiple Choice

The average cash-to-cash cycle is defined as

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A

Days in inventory + days in account receivable + days in accounts payable.

B

Days in inventory - days in account receivable + days in accounts payable.

C

Days in inventory + days in account receivable - days in accounts payable.

D

Days in inventory - days in account receivable - days in accounts payable.

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Question 3
Free
Multiple Choice

Which of the following is NOT a characteristic of changes in supply chain structure?

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A

Are long-range in nature and require considerable capital.

B

Include changes in capacity, facilities, process technology, and vertical integration.

C

Lead to changes in information systems.

D

Are related to bricks and mortar.

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Question 4
Free
Multiple Choice

Which of the following is NOT true of vertical integration?

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A

Leads to greater flexibility to changing technology.

B

Can result in a loss of economies of scale.

C

Helps achieve control of the supply chain.

D

Reap the profits of the supplier or distributor when there is an attractive return from the investment.

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Question 5
Free
Multiple Choice

Which of the following is NOT true about supply chain dynamics?

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A

The supply chain is a highly interactive system.

B

There is an accelerator effect in the supply chain due to replenishment lead times.

C

The best way to improve the supply chain is to increase the total replenishment time and to feed back actual demand information to all levels.

D

All of the above statements are true.

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Question 6
Multiple Choice

__________ is a partnership of retailers,wholesalers,and manufacturers aimed at managing both demand and the supply chain.

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A
Effective consumer response
B
Effective customer reaction
C
Effective consumer reply
D
Efficient consumer response
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Question 7
Multiple Choice

Which of the following is NOT a specific measure of supply chain performance?

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A
Quality.
B
Time.
C
Innovation.
D
Delivery.
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Question 8
Multiple Choice

Which of the following is NOT a form of structural change of the supply chain?

Choose correct answer/s
A
Forward and backward integration.
B
Creating cross-functional teams.
C
Major process simplification.
D
Outsourcing logistics to a third party.
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Question 9
Multiple Choice

What two fundamental processes in all supply chains are most affected by the Internet?

Choose correct answer/s
A
Electronic interchange and order placement.
B
Order fulfillment and order placement.
C
B2B exchanges and order fulfillment.
D
None of the above.
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Question 10
Multiple Choice

Order placement via the Internet does NOT include

Choose correct answer/s
A
increasing the accuracy of the order.
B
faster order entry.
C
manufacturing and shipment status.
D
use of an ERP system to schedule production.
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Question 11
Multiple Choice

The flow of materials from upstream nodes into a firm is called

Choose correct answer/s
A
physical supply.
B
physical distribution.
C
demand management.
D
none of the above.
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Question 12
Multiple Choice

Which of the following does the supply chain operations reference (SCOR)model NOT include?

Choose correct answer/s
A
Make.
B
Deliver.
C
Return.
D
All of the above are included.
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Question 13
Multiple Choice

Which of the following is NOT one of the distinct processes described in the SCOR model?

Choose correct answer/s
A
Source.
B
Plan.
C
Make.
D
Recycle.
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Question 14
Multiple Choice

The efficient consumer response (ECR)movement was formed as a partnership among retailers,wholesalers,and producers in what industry?

Choose correct answer/s
A
Garment industry.
B
Grocery industry.
C
Automotive industry.
D
Stationery industry.
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Question 15
Multiple Choice

The efficient consumer response (ECR)movement was formed to

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A
reduce the separation of manufacturer and retailer.
B
make supply chains more responsive to changes in consumer demand.
C
combat the bullwhip effect.
D
do all of the above.
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Question 16
Multiple Choice

Specific measures of supply chain performance include all of the following EXCEPT

Choose correct answer/s
A
unit cost.
B
volume flexibility.
C
on-time delivery.
D
supplier turnover.
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Question 17
Multiple Choice

Which of the following supply chain improvements would be done first?

Choose correct answer/s
A
Implementing cross-functional teams.
B
Making changes to information systems.
C
Conducting a major product redesign.
D
Implementing a lean system.
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Question 18
Multiple Choice

Assume a company has $700,000 worth of inventory and averages $10,000 per day in sales.Also assume it takes 30 days for the average customer to pay off its invoice to this company and it takes 120 days for the company to pay for the materials supplied by its suppliers.What is the company's average cash-to-cash cycle time?

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A
20 days.
B
40 days.
C
-10 days.
D
-20 days.
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Question 19
Multiple Choice

Commonly employed forms of supply chain structural improvement include all of the following EXCEPT

Choose correct answer/s
A
longer-term contracts.
B
forward and backward integration.
C
major process simplification.
D
major product simplification.
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Question 20
Multiple Choice

Commonly employed forms of supply chain system improvement include all of the following EXCEPT

Choose correct answer/s
A
partnerships with customers.
B
reliance on fewer suppliers.
C
setup time reduction in the manufacturing plant.
D
cross-functional teams.
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