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Test bank For Supply Chain Management Exam #1 Study Guide 6th Edition by Bowersox
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Test bank For Supply Chain Management Exam #1 Study Guide 6th Edition by Bowersox
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Test bank For Supply ChainManagement Exam #1 Study Guide 6th
Edition by Bowersox
Supply Chain Management Consists Of The Flow Of Products And Services From: - ANS-Raw
materials manufacturers
-Component and intermediate manufacturers
-Final product manufacturers
-Wholesalers and distributors and retailers
Supply Chain Is Connected By ___ and ___. - ANSTransportation and storage activities
Supply Chain Is Integrated Through ___ , ___ , ___ ___ . - ANSInformation , planning, and
integration activities.
Today Large Firms Are Moving Away ___ ___ Due To High Cost And Difficulty Managing
Diverse Units. - ANSVertically integrated
What Is Supply Chain Management - ANS-The planning and management of all activities
involved in sourcing and procurement, conversion, and all logistics management activities...also
includes coordination with channel partners, which can be suppliers, intermediaries, third party
service providers, and customers.
-The design and management of seamless, value-added processes across organizational
boundaries to meet the real needs of the end customer.
-The design, planning, execution, control, and monitoring of supply chain activities with the
objective of creating net value, building a competitive infrastructure, leveraging worldwide
logistics, synchronizing supply with demand, and measuring performance globally.
Traditional Organizational Cultures That Emphasized short-term, company focused performance
can ___ With The Objectives Of Supply Chain Management. - ANSConflict
Successful Supply Chain Management Requires High Levels Of ___ , ___ , ___ , and ___ , ___
, ___. - ANSTrust , cooperation , collaboration , and honest , accurate communications.
, All Participants In The Supply Chain ___. - ANSBenefit
___ Are ___ And ___ From "The Firm's Suppliers' Suppliers To Its Customers' Customers )i.e.,
Second Tier Suppliers And Customers.) - ANSBoundaries are dynamic and extend
Supply Chains Also Include ___ ___ ___ To Handle Returned Products, Warranty Repairs, And
Recycling. - ANSReverse logistics activities
Firms With Large System Inventories Gain The Most From Successful SCM... - ANS-Lower
purchasing and carrying costs
-Better product quality
-Higher customer service levels
-Increased sales and profits
First Using Supply Chain Management: - ANS1. Start with key suppliers
2. Move on to other suppliers, customers, and logistics services
3. Integrate second tier suppliers and customers (second tier refers to the customer's customers
and the supplier's suppliers)
Reasons To Employ Supply Chain Management... - ANS-Cost savings
-Better coordination of resources
Reduced Bullwhip Effect - ANS-Erratic demand forecasts causing excess safety stocks, which
cause production planning problems.
-SCM reduces safety stocks and costs due to coordinated planning and better sharing of
information.
SCM 1950s-1960s - ANSUS manufacturers focused on mass production techniques as their
principal cost reduction and productivity improvement strategies.
SCM 1960s-1970s - ANSIntroduction of new computer technologies lead to development of
Materials Requirements Planning (MRP) and Manufacturing Resource Planning (MRPII) to
coordinated inventory management and improve internal communication
SCM 1980s-1990s - ANSIntense global competition led US manufacturers to adopt:
-Supply Chain Management (SCM)
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