SCM Final Exam UPDATED Exam Questions and CORRECT Answers
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Course
SCM
Institution
SCM
SCM Final Exam UPDATED Exam
Questions and CORRECT Answers
Supply chain coordination requires each stage of the supply chain to take into account the
impact its actions have on other stages. - CORRECT ANSWER- True
With an uncoordinated supply chain each stage tries to maximize its own profits,...
SCM Final Exam UPDATED Exam
Questions and CORRECT Answers
Supply chain coordination requires each stage of the supply chain to take into account the
impact its actions have on other stages. - CORRECT ANSWER- True
With an uncoordinated supply chain each stage tries to maximize its own profits, resulting in
actions that often increase total supply chain surplus. - CORRECT ANSWER- False
The bullwhip effect results in improved supply chain coordination. - CORRECT ANSWER-
False
The bullwhip effect enables different stages of the supply chain to have a consistent estimate
of what demand looks like. - CORRECT ANSWER- False
Incentive obstacles refer to situations where incentives offered to different stages or
participants in a supply chain lead to actions that increase variability and reduce total supply
chain profits. - CORRECT ANSWER- True
Information processing obstacles refer to situations where demand information is distorted as
it moves between different stages of the supply chain, leading to increased variability in
orders within the supply chain. - CORRECT ANSWER- True
Pricing obstacles refer to situations in which the pricing policies for a product lead to an
increase in variability of orders placed. - CORRECT ANSWER- True
Lot size based quantity discounts reduce the bullwhip effect within the supply chain. -
CORRECT ANSWER- False
Managers can improve coordination within the supply chain by aligning goals and incentives
such that every participant in supply chain activities works to maximize total supply chain
profits. - CORRECT ANSWER- True
, Tuckman's Group Development Model describes four stages that a team will go through in its
sequence of decision making. - CORRECT ANSWER- True
The bullwhip effect causes... - CORRECT ANSWER- - a loss of supply chain coordination
- distortion of demand information within the supply chain
- different stages of the supply chain to have a different estimate of what demand looks like
The lack of coordination hurts both responsiveness and cost in a supply chain by making it
more expensive to provide a given level of product availability. The impact of the lack of
coordination includes: - CORRECT ANSWER- - manufacturing cost
- inventory cost
- transportation cost
- profitability
There are five major obstacles listed in the text to coordination in a supply chain. Which of
the following is NOT one of these major obstacles? - CORRECT ANSWER- Quality
obstacles
Information distortion is exaggerated by the fact that.. - CORRECT ANSWER- supply chains
today produce a large amount of product variety
The fact that each stage in a supply chain forecasts demand based on the stream of order
received from the downstream stage results in... - CORRECT ANSWER- magnification of
fluctuations in demand as we move up to the supply chain from the retailer to the
manufacturer
Rationing schemes that allocate limited production in proportion to the orders placed by
retailers.. - CORRECT ANSWER- - result in a game in which retailers try to increase the size
of their orders to increase the amount supplied to them
- lead to a magnification of the bullwhip effect
- lead to the manufacturer being left with a surplus of product and capacity
When a single stage controls replenishment decisions for the entire chain (e.g., continuous
replenishment programs or vendor managed inventory), coordination is achieved because... -
CORRECT ANSWER- the problem of multiple forecasts is eliminated
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