According to the second Episode 1 reading, the Gartner Top 25 ratings are based on six criteria. Which of these is NOT one of those criteria?
A. inventory turns
B. total supply chain cost
C. Corporate social responsibility score
D. Peer opinions correct answers Total supply chain cost
Wh...
SCMN 3150 Quizzes 1-4 || A+ Graded Already.
According to the second Episode 1 reading, the Gartner Top 25 ratings are based on six criteria.
Which of these is NOT one of those criteria?
A. inventory turns
B. total supply chain cost
C. Corporate social responsibility score
D. Peer opinions correct answers Total supply chain cost
What is driving greater company interest in supply chain management?
A. Greater demand for standardized products
B. More intense competition
C. Longer product lifestyles
D. All of the above correct answers More intense competition
If an organization can get its supply chain well synchronized, what ultimate benefit will be
achieved?
A. Network excellence
B. Integration excellence
C. Functional excellence
D. Process excellence correct answers Network excellence
What should drive activity across the supply chain?
A. Marketing decisions
B. Customer demand
C. Executive strategy
D. Manufacturing efficiency correct answers Customer demand
According to the second Episode 1 reading, which company is a "supply chain master" because it
consistently ranks in the Garner Top 25 Supply Chain list?
A. McDonald's
B. Proctor and Gamble
C. Amazon.com
D. Unilever correct answers Proctor and Gamble
What is the financial goal of a strategic network design project?
A. Minimize total supply chain cost
B. Maximize cost of lost sales
C. Minimize warehousing cost
D. Maximize transportation cost correct answers Minimize total supply chain cost
How are nodes in a supply chain physically connected?
A. By pure luck
B. By transportation modes
C. With computers
D. With strategies correct answers By transportation modes
, A properly designed supply chain network will balance cost efficiency with customer service.
T/F correct answers True
What company's supply chain network is featured in the Industry and Action video segment?
A. Amazon.com
B. Noble Group
D. Monsanto
E. Kyocera correct answers Noble Group
What type of supply chain configuration is most appropriate if your product demand varies by
region, requires rapid replenishment, and is of relatively low value like groceries.
A. Virtual supply chain
B. Decentralized supply chain
C. Global supply chain
D. Centralized supply chain correct answers Decentralized supply chain
According to the first Episode 1 reading, what benefit will be created if a supply chain reduces
its inventory investment?
A. Reduced variable costs
B. Reduced lost sales
C. Reduced fixed costs
D. Increase revenue correct answers reduced fixed costs
Primary benefit of decentralized supply chain network is customer proximity and the main draw
back is an need for larger inventory safety stock. correct answers True
Aggregate supply chain planning focuses on day-to-day execution activities like scheduling,
sequencing and operations.
T/F correct answers False
Why is supply chain an important activity?
A. Bc it makes the supply chain reactive and unstable
B. Bc it provides "just in case" inventory and excess capacity
C. Bc it helps managers improve flows and control cost
D. Bc it guarantees forecasting and inventory accuracy correct answers Bc it helps managers
improve flows and control cost
Which type of capacity planning strategy will aggressively add new capacity in anticipation of
future demand?
A. Concurrent capacity planning
B. Proactive capacity planning
C. Collaborative capacity planning
D. Lagging capacity planning correct answers Proactive capacity planning
What role does technology play in supply chain planning?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.29. You're not tied to anything after your purchase.
