supply terms

Cost minimization is an appropriate strategy at which stage of the product life cycle?

1. introduction

2. growth

3. maturity

4. decline

Cost minimization is an appropriate strategy at which stage of the product life cycle?

1. introduction

2. growth

3. maturity

4. decline

4. decline

Which of the following is NOT a reason that companies are depending more on their suppliers?

1. more focus on core competencies

2. need for more flexibilities

3. desire to share risks

4. more control over their suppliers

4. more control over their suppliers

Which of the following is NOT a factor impacting the supply chain?

1. reduced number of suppliers

2. increased competition

3. longer product life cycles

4. increased opportunities to strategically use technology

3. longer product life cycles

The amount of inventory kept at each stock point in a warehouse network is usually based on:

1. minimizing transportation costs

2. costant demand

3. tradeoffs between warehousing, inventory, and transportation costs

4. product pricing strategy

3. tradeoffs between warehousing, inventory, and transportation costs

An appropriate strategy to achieve timely, accurate, paperless information flow is:

1. efficient replacement

2. revision of organisation processes supported by information systems

3. integrate their activity is integrated into all supply chain planning

4. efficient store assortments

1. efficient replacement

An appropriate strategy to optimise the productivity of retail space and inventory is:

1. revision of organisation processes supported by information systems

2. efficient store assortments

3. efficient replacement

4. integrate this activity is integrated into all supply chain planning

2. efficient store assortments

Which of the following is not a typical supply chain member?

1. retailer's creditor

2. producer

3. wholesaler

4. reseller

2. producer

Which of the following is not a key function that intermediaries play in completing transactions?

1. promotion

2. financing

3. information

4. negotiation

2. financing

An improvement in factory order rate & factory stock level behavioral pattern shows dynamic response to:

1. production

2. simulation model

3. logistics

4. APICS membership

2. simulation model

Business intellignece helps knowledge workers understand:

1. capabilities of the firm

2. state of the art, trends, and future directions in the markets

3. applicable technological, demographic, economic, political, social, and regulatory environments

4. all of the above

4. all of the above

According to this text, which of the following is not required for business intelligence systems to have an impact on business?

1. focus on using information to deal with an important issue

2. provide the ability to customize BI information for each knowledge worker

3. build discipline and precision into the decision-making process

4. provide excellent data

4. provide excellent data

Which of the following is not a challenge to success with integrated collaboration environments?

1. People don't understand how important their knowledge is and so do not contribut it

2. People believe that knowledge is power, so they are reluctant to share their knowledge

3. People do not have time to submit knowledge

4. Many people are unable to quantify their knowledge

4. Many people are unable to qauntify their knowledge

When managing a supply chain as a network which of the following themes is least significant?

1. collective strategy development

2. functions to processes

3. win-win thinking

4. open communications

2. functions to processes

The SC often is the business case and ROI for a technology investment.

1. True

2. False

1. True

Clients who have access to new Supply Chain services (SC Leaders or SC for Providers) do not get a customizable My Gartner experience.

1. True

2. False

2. False

A critical outcome of the supply chain is to deliver

1. profits

2. the right product to the right place

3. cost/value

4. on management's expectations

2. the right product to the right place

Performance measurement is important because

1. without it, managers would not know how the global economy is doing

2. companies presently operating in the European Economic Community need to understand how its competitors are doing

3. lower-level metrics in an organization must connect directly to the high-level performance to achieve goals

3. lower-level metrics in an organization must connect directly to the high-level performance to achieve goals

The last decade of the twentieth century was a period of rapid change for organizations, especially businesses

1. true

2. false

1. true

A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system

1. true

2. false

1. true

Globalization has had little effect on consumers

1. true

2. false

2. false

Supply and demand has become less volatile as managers become more adapt at controlling the elements

1. true

2. false

2. false

Cost/Value refers to

1. getting the best value for the money spent

2. US firms competing in the global arena

3. the importance of cost and value at the very end of the supply chain

4. product variety

3. the importance of cost and value at the very end of the supply chain

Ousourcing is a farily new concept

1. true

2. false

2. false

SAB should examine their off-shore purchasing policy, even though the products are sourced from the US

1. true

2. false

1. true

The world economy still favors the US and European countries, even though China and India can particpate in the global economy much more readily

1. true

2. false

2. false

Complexity in the supply chain is caused by

1. the number of SKUs

2. locations of customers and suppliers

3. transportation requiremenets

4. all of the above

4. all of the above

Which of the following is not part of the Supply Chain network?

1. plants

2. stores

3. terminals

4. distribution centers

2. stores

The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which is not included?

1. complexity

2. inventory deployment

3. inventory carrying costs

4. technology

3. inventory carrying costs

Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and vendors

1. This is still true and has not changed

2. Computerization has greatly increased the flow of information from the source

3. The "Big Box" stores have developed their own sources

4. None of these answers

4. None of these answers

One of the major challenges of supply chain management is

1. forward buying

2. maintaining the visibility of inventory

3. building safety-stock inventory

4. pushing inventory back to vendors

2. maintaining the visibility of inventory

Logistics, in its simplest form

1. is a military term, as it was developed originally to supply the battlefield

2. combines inbound logistics with the outbound logistics of physical distribution

3. is another term for transportation management

4. does not involve customer service or other related functions

2. combines inbound logistics with the outbound logistics of physical distribution

The US transportation system was deregulated in the 1930s and 1940s in response to economic conditions and World War 2

1. true

2. false

2. false

Even though there are references to supply chain management in the 1980s, SCM did not capture the attention of senior-level management until the 1990s

1. true

2. false

1. true

Supply chain managers no longer need to worry about suboptimization in light of today's technology

1. true

2. false

2. false

Most retailers are essentially supply chain companies since

1. they dominate the consumer market

2. own their warehouses and trucks

3. they buy products produced by others

4. engage in off-shore shourcing

3. they buy products produced by others