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Test Bank for Principles of Supply Chain Management, 6th Edition by Wisner $29.99   Add to cart
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Test Bank for Principles of Supply Chain Management, 6th Edition by Wisner

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Test Bank for Principles of Supply Chain Management, 6th Edition by Joel D. Wisner; Keah-Choon Tan; G. Keong Leong ISBN-13: 5604 Full Chapters test bank included Part 1: Supply Chain Management: An Overview Chapter 1: Introduction to Supply Chain Management Introduction Supply Chain Manag...

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  • September 12, 2022
  • 230
  • 2022/2023
  • Exam (elaborations)
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  • Operations Management
  • Operations Management

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Name: Class: Date:

Chap 01_6e_Wisner

Indicate whether the statement is true or false.
1. Supply chain management activity includes managing the various compensation and benefit programs within an
organization.
a. True
b. False

2. Trade estimates suggest that the bullwhip effect results in excess costs on the order of 50 percent for each firm
in a supply chain.
a. True
b. False

3. According to the textbook, the keys to successful supply chain management include trust, cooperation,
collaboration and honest, accurate communications between supply chain partners.
a. True
b. False

4. According to the textbook, in the 1950s and 1960s, mass production techniques focused on creating supplier
partnerships, improving process design and flexibility, and improving product quality.
a. True
b. False

5. The bullwhip effect causes an amplification of the variation in the demand pattern along the supply chain.
a. True
b. False

6. Circular economy refers to an economic system aimed at eliminating waste and the continual use of resources.
a. True
b. False

7. According to the textbook, supply chains include raw material suppliers, intermediate component manufacturers,
end-product manufacturers, wholesale distributors, retailers and end-product consumers.
a. True
b. False

8. The foundation elements of supply chain management are Supply, Operations, Customer Service, and Logistics.
a. True
b. False

9. Highly valued customers with large purchasing budgets who achieve moderate supply chain management
success have been known to lower purchasing and inventory carrying costs and create better quality products
with higher levels of customer service.
a. True
b. False




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