Supply chain management refers to: - CORRECT ANSWER-the management of up and
downstream relationship with suppliers and customers to deliver superior customer
value at less cost to the supply chain as a whole
Which of the following company refers to itself as a "technology company merged with ...
Supply chain management refers to: - CORRECT ANSWER-the management of up and
downstream relationship with suppliers and customers to deliver superior customer
value at less cost to the supply chain as a whole
Which of the following company refers to itself as a "technology company merged with a
supply chain?" - CORRECT ANSWER-Amazon
How does SCM create value? - CORRECT ANSWER-Form, time, place and exchange
The "Great Divide" in SCM occurs between: - CORRECT ANSWER-demand-generating
activities and demand-fulfilling activities
What megatrend(s) will greatly change SC managers? - CORRECT ANSWER-
Disruptive technology, talent/skills requirement, and social changes
What is main problem with the traditional order process, as depicted in this picture? -
CORRECT ANSWER-Actions are sequential and thrown "over the wall" do the
downstream functional area
SCM refers to the relatively new business phenomenon of - CORRECT ANSWER-the
management of upstream and downstream relationships with suppliers and customers
to deliver superior customer value at less cost to the supply chain as a whole
What part of the supply chain operations reference (SCOR) model involves turning the
raw material into a finished product? - CORRECT ANSWER-Make
In relation to the overall supply chain, ____ place and priority on cost savings while
____ place a priority on doing whatever is necessary to deliver form, time, and place as
promised on a specific order. - CORRECT ANSWER-upstream operations, downstream
operations
What negative outcomes can result from large lot-sized, long lead-time operations? -
CORRECT ANSWER-Customers don't want the items, the items are in places and at
times the customers don't want them, and unsold products are sold at reduced prices or
scrapped together
_____ the chain facilitates better strategic alignment between supply chain operations. -
CORRECT ANSWER-Bending
, What did Caterpillar do in 2013 that led to a better integration of its supply chain
functions? - CORRECT ANSWER-Formed an integrated supply chain group to manage
its supply chain
Which of the following would be a metric for a senior level supply chain manager? -
CORRECT ANSWER-Cash-to-cash cycle
What is a company's optimal service level? - CORRECT ANSWER-The point whee the
cost and revenue curves are farthest apart
Should all customers receive the same level of customer service? - CORRECT
ANSWER-No
The supply chain value proposition framework represents the interactions between: -
CORRECT ANSWER-Revenues, costs and assets
According to an E&Y survey of supply chain professionals, what is the priority of the
supply chain organization? - CORRECT ANSWER-improving service quality
Which of these is an example of a "tax haven"? - CORRECT ANSWER-a country or
jurisdiction with very low corporate costs
Which of the following actions will most directly will lead to more cash availability? -
CORRECT ANSWER-Collect account receivables more quickly
Which one of the types of planning was not introduced in this model? - CORRECT
ANSWER-Date planning
Planning processes heavily utilize IT systems, but a planner is still vital to ensure a high
quality plan. - CORRECT ANSWER-True
Which planning approach was discussed in this model? - CORRECT ANSWER-
Exception based
Supply chain measurement are often called all the below EXCEPT: - CORRECT
ANSWER-Critical points
Supply chain measurement is important for all the reasons below except: - CORRECT
ANSWER-To build the income statement
End-to-end supply chain measures are the most important type of supply chain metric: -
CORRECT ANSWER-True
A scorecard is balanced typically includes which type of measure. - CORRECT
ANSWER-Financial, quality, learning and improvement, and cycle time
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