LSCM Study Final Exam 1 Questions & Answers 2024/2025
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LSCM
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LSCM
LSCM Study Final Exam 1 Questions & Answers 2024/2025
Most retailers are essentially supply chain companies since - ANSWERSthey buy products produced by others.
Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape? ...
LSCM Study Final Exam 1 Questions & Answers 2024/2025
Most retailers are essentially supply chain companies since - ANSWERSthey buy products produced by others.
Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape? - ANSWERSEnvironmental concerns
Outsourcing involves - ANSWERSobtaining materials, parts, and products from other companies
The Supply Chain Concept - ANSWERSdeveloped from the previous Physical Distribution concept.
Logistics, in its simplest form, - ANSWERScombines inbound logistics with the outbound logistics of physical distribution.
One of the major challenges of supply chain management is - ANSWERSmaintaining the visibility of inventory.
Which of these flows only one way as illustrated in the figure below? - ANSWERSNone of these answers
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. - ANSWERSNone of these answers
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? - ANSWERSinventory carrying costs
Which of the following is not part of the Supply Chain network? - ANSWERSstores Complexity in the supply chain is caused by - ANSWERSall of these answers
Cost/Value refers to - ANSWERSthe importance of cost and value at the very end of the supply chain.
Performance measurement is important because - ANSWERSlower-level metrics in an organization must connect directly to the high-level performance to achieve goals.
A critical outcome of the supply chain is to deliver - ANSWERSthe right product to the right place.
The last decade of the twentieth century was a period of rapid change for organizations, especially businesses. - ANSWERSTrue
Supply chain managers no longer need to worry about suboptimization in light of today's technology. - ANSWERSFalse
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. - ANSWERSTrue
Globalization has had little effect on consumers. - ANSWERSFalse
Supply and demand has become less volatile as managers become more adept at controlling the elements. - ANSWERSFalse
Outsourcing is a fairly new concept. - ANSWERSFalse
SAB should examine their off-shore purchasing policy, even though the products are sourced from the U.S. - ANSWERSTrue
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. - ANSWERSFalse
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