Exam 3 Canvas Quizzes

Which of the following best describes mobile computing? 

 a. The ability to give each individual a demand and distribution channel through the widespread adoption of smartphones.

 b. The ability to structure and exchange massive amounts of data, to make sense of that data to drive decisions, and even to apply data to deliver products or services.

 c. The ability to change the basic economics of the job shop operating environment, enabling highly specific machining on site quickly and at low cost.

 d. The ability to rapidly connect billions of devices to the Internet, offering the best chance to move nearer to real-time data on everything within the supply chain.

 e. The ability to reach previously unattainable levels of speed and agility in operations with improved quality levels that have the potential to drive productivity to new levels.

 a. The ability to give each individual a demand and distribution channel through the widespread adoption of smartphones.

Which of the following best describes the Internet of Things? 

 a. The ability to give each individual a demand and distribution channel through the widespread adoption of smartphones.

 b. The ability to rapidly connect billions of devices to the Internet, offering the best chance to move nearer to real-time data on everything within the supply chain.

 c. The ability to change the basic economics of the job shop operating environment, enabling highly specific machining on site quickly and at low cost.

 d. The ability to reach previously unattainable levels of speed and agility in operations with improved quality levels that have the potential to drive productivity to new levels.

 e. The ability to structure and exchange massive amounts of data, to make sense of that data to drive decisions, and even to apply data to deliver products or services.

 b. The ability to rapidly connect billions of devices to the Internet, offering the best chance to move nearer to real-time data on everything within the supply chain.

Which of the following mega-trends focus on the management of external relationships? 

 a. Activity scope

 b. Relationship governance

 c. Planning management

 d. Information visibility

 e. Customer connectedness

b. Relationship governance

Which of the following mega-trends focuses on how the supply chain interacts and recognizes customer segments? 

 a. Relationship governance

 b. Planning management

 c. Information visibility

 d. Activity scope

 e. Customer connectedness

e. Customer connectedness

Which of the following best describes additive manufacturing? 

 a. The ability to structure and exchange massive amounts of data, to make sense of that data to drive decisions, and even to apply data to deliver products or services.

 b. The ability to give everyone a demand and distribution channel through the widespread adoption of smartphones.

 c. The ability to rapidly connect billions of devices to the Internet, offering the best chance to move nearer to real-time data on everything within the supply chain.

 d. The ability to reach previously unattainable levels of speed and agility in operations with improved quality levels that have the potential to drive productivity to new levels.

 e. The ability to change the basic economics of the job shop operating environment, enabling highly specific machining on site quickly and at low cost.

e. The ability to change the basic economics of the job shop operating environment, enabling highly specific machining on site quickly and at low cost.

What innovation drives information visibility and is defined by soft data available via social media that systems can increasingly cull to find patterns? 

 a. ERP

 b. Intranet of Things

 c. Unstructured Data

 d. Cognition

c. Unstructured Data

How has Artificial Intelligence (AI) impacted supply chain management? 

 a. AI technology can be used to predict future events impacting the supply chain.

 b. AI technology can automate tasks throughout the supply chain.

 c. All of these answer choices are correct.

 d. AI technology can improve decision-making throughout the supply chain.

c. All of these answer choices are correct.

The relation between coordination, collaboration, and communication across functional areas are specific to which mega-trend? 

 a. Planning management

 b. Information visibility

 c. World-class measurement systems

 d. Customer connectedness

 e. Process integration

e. Process integration

According to McKinsey, an acute shortage of ________ is holding organizations back in their efforts to accelerate digitization and implement advanced planning systems. (McKinsey) 

 a. Talent

 b. Funding

 c. Materials

 d. Suppliers

 e. Technology

a. Talent

Which of the following is not a facet of risk prognosis? 

 a. Risk identification

 b. Risk assessment

 c. Risk prioritization

 d. Risk mitigation

 e. Risk assumption

e. Risk assumption

A company’s citizenship role within the communities it operates or serves customers is referred to as: 

 a. Corporate responsibility

b. Social sustainability

 c. Corporate citizen

 d. Social norms

b. Social sustainability

Social sustainability and its focus on the elimination of forced labor in a supply chain is particularly challenging when: 

 a. Supply chains extend around the world

 b. Supply chains create time and place value for customers

 c. Supply chains have many tiers of supply

 d. Product margins are low

e. Both global extension and many tiers of supply

e. Both global extension and many tiers of supply

A Sustainable Framework must address each of the following areas except: 

 a. Upstream suppliers

 b. Downstream customers

 c. Product development

 d. Internal operations

e. All of these answer choices are correct.

e. All of these answer choices are correct.

Supply chains that are concerned with collecting used items for subsequent life cycles are called: 

 a. Endless supply chains

 b. Out-and-back supply chains

c. Closed-loop supply chains

d. Circular economy

c. Closed-loop supply chains

The “triple bottom line” includes all of the following aspects except: 

a. Government

b. Economic

c. Envrionmental

d. Social

a. Government

The measurement of a company’s direct carbon emissions is: 

a. Scope 1 emissions

 b. Scope 4 emissions

 c. Scope 3 emissions

 d. Scope 2 emissions

a. Scope 1 emissions

Which example demonstrates a company pursuing triple-bottom-line outcomes? 

 a. A manufacturer reduces the carbon footprint of its production plants

 b. Hazardous products are removed from retail shelves once complaints surface

 c. Trucks are purchased because they have better fuel economy

d. Products are designed for closed-loop provisions and employs underprivileged adults

d. Products are designed for closed-loop provisions and employs underprivileged adults

The three environmental sustainability imperatives that all supply chain managers need to understand when designing their network include the following except for: 

 a. Fuel prices

 b. Carbon footprint

 c. Natural resource scarcity

 d. The circular economy

a. Fuel prices

A sustainable framework demands that which four supply chain areas are interconnected? 

a. Upstream suppliers, product development, downstream customers, internal operations

b. Reverse logistics, internal operations, package recovery, product development

c. Design, transportation, upstream suppliers, product reacquisition team

d. Upstream suppliers, product development, recycling contractors, downstream customers

e. Product development, downstream customers, recycling contractors, internal operations

a. Upstream suppliers, product development, downstream customers, internal operations

“Circular economy” thinking is characterized by the following emphasis: 

 a. Designing products that last forever

b. Restorative and regenerative use of materials and products

 c. Failure to agree on how materials should be used

 d. Regulations that require that product be returned upon use

b. Restorative and regenerative use of materials and products

Which of the following best describes predictive analytics? 

 a. The technologies to automatically identify, locate, and profile supply chain objects and to capture and communicate associated data and information across the supply chain

 b. The use of network architecture of remote internet servers to host, store, manage, and process data and applications rather than a local server or computer

 c. The models and tools to help companies design networks to produce, store, and distribute inventory efficiently and effectively to serve customers

 d. The practice of extracting information from existing data sets to identify patterns and trends to predict future events or outcomes

 d. The practice of extracting information from existing data sets to identify patterns and trends to predict future events or outcomes

Which of the following best describes cloud computing and storage? 

 a. The models and tools to help companies design networks to produce, store, and distribute inventory efficiently and effectively to serve customers

 b. The technologies to automatically identify, locate, and profile supply chain objects and to capture and communicate associated data and information across the supply chain

 c. The practice of extracting information from existing data sets to identify patterns and trends to predict future events or outcomes

 d. The design and use of computer-controlled machines to automatically perform a series of actions or tasks traditionally performed by humans

 e. The use of network architecture of remote internet servers to host, store, manage, and process data and applications rather than a local server or computer

e. The use of network architecture of remote internet servers to host, store, manage, and process data and applications rather than a local server or computer

Which of the following best describes sensors and automatic identification? 

 a. The design and use of computer-controlled machines to automatically perform a series of actions or tasks traditionally performed by humans

 b. The technologies to automatically identify, locate, and profile supply chain objects and to capture and communicate associated data and information across the supply chain

 c. The use of network architecture of remote internet servers to host, store, manage, and process data and applications rather than a local server or computer

 d. The practice of extracting information from existing data sets to identify patterns and trends to predict future events or outcomes

 e. The models and tools to help companies design networks to produce, store, and distribute inventory efficiently and effectively to serve customers

b. The technologies to automatically identify, locate, and profile supply chain objects and to capture and communicate associated data and information across the supply chain

A(n) ___________management system helps organizations control and track the transfer and interim and final storage of goods and raw materials. 

 a. supply

 b. transportation

 c. warehouse

 d. product

 e. order

c. warehouse

Which of the following best describes inventory and network optimization tools? 

 a. The models and tools to help companies design networks to produce, store, and distribute inventory efficiently and effectively to serve customers

 b. The practice of extracting information from existing data sets to identify patterns and trends to predict future events or outcomes

 c. The design and use of computer-controlled machines to automatically perform a series of actions or tasks traditionally performed by humans

 d. The technologies to automatically identify, locate, and profile supply chain objects and to capture and communicate associated data and information across the supply chain

 e. The use of network architecture of remote internet servers to host, store, manage, and process data and applications rather than a local server or computer

a. The models and tools to help companies design networks to produce, store, and distribute inventory efficiently and effectively to serve customers

A(n) ___________ management system streamlines the administration and execution of business processes related to orders for goods and services. 

 a. product

 b. supply

 c. warehouse

 d. transportation

 e. order

e. order

Which of the following best describes ERP? 

 a. A reporting system that compiles historical sales trends to better predict future demand

 b. A reporting system meant to help personnel identify and nurture leads, convert leads to customers, and retain new and existing customers

 c. A reporting system that leverages a centralized repository, which contains organizational and transactional data

 d. A reporting system that allows companies to optimize their procurement strategy, to work more effectively with their supplier pool, and to gain long-term benefits from all supplier relationships

 e. A reporting system that facilitates a shared understanding of product ideation, development, and launch by storing product data and history

c. A reporting system that leverages a centralized repository, which contains organizational and transactional data

A(n) ___________management system facilitates the movement of goods and raw materials from origin to destination in an efficient, reliable, and cost-effective manner. 

 a. supply

 b. order

 c. transportation

 d. warehouse

 e. product

c. transportation

Which of the following best describes SRM? 

 a. A reporting system that allows companies to optimize their procurement strategy, to work more effectively with their supplier pool, and to gain long-term benefits from all supplier relationships

 b. A reporting system that facilitates a shared understanding of product ideation, development, and launch by storing product data and history

 c. A reporting system that leverages a centralized repository, which contains organizational and transactional data

 d. A reporting system that compiles historical sales trends to better predict future demand

 e. A reporting system meant to help personnel identify and nurture leads, convert leads to customers, and retain new and existing customers

 a. A reporting system that allows companies to optimize their procurement strategy, to work more effectively with their supplier pool, and to gain long-term benefits from all supplier relationships

Electronic Data Interchange does which of the following?

 a. establishes electronic linkages by facilitating interorganizational exchanges of information

 b. All of these answer choices are correct

 c. helps to create electronic linkages between supply chain partners

 d. communicates via computers

b. All of these answer choices are correct

The first step the supply chain must take after an order is transmitted is to ask:

 a. how much should we produce or purchase.

 b. None of these answer choices are correct

 c. where and when should we position the product or service.

 d. All of these answer choices are correct

 e. what should we produce or purchase.

d. All of these answer choices are correct

Responsive value creation is best for products characterized by which of the following. 

 a. High customization and high demand uncertainty

 b. Low customization and high demand uncertainty

 c. High product value and long product life cycles

 d. Short product life cycles and low demand uncertainty

 e. High demand uncertainty and long product lifecycles

a. High customization and high demand uncertainty

Which of the following are included in the cost of carrying inventory? 

 a. All of these answer choices are correct

 b. Utility costs for holding facilities

 c. The cost of the facility where inventory is held

 d. The cost of handling inventory

 e. Insurance and taxes

 a. All of these answer choices are correct

In a/an________________fulfillment system, collaborative capacity plans ensure that sufficient levels of inputs are in place in advance of demand, but no actual operations are conducted until after orders are received. 

 a. proactive

 b. anticipatory

 c. responsive

 d. efficient

 e. precatory

c. responsive

The order cycle begins with ___1______ and ends when ___________2________ . 

Answer 1:

customer need recognition

Answer 2:

the customer acknowledges their need as fulfilled

The difference between the total supply chain order cycle time and the time customers are willing to wait to have their need fulfilled is known as the __________________.

 a. None of these answer choices are correct

 b. lead time gap

 c. optimized processing time

 d. industry standard order cycle time.

 e. All of these answer choices are correct

b. lead time gap

EOQ seeks to balance ___1___ and ___2______.

Answer 1:

ordering costs

Answer 2:

the cost of carrying inventory

Anticipatory and lean systems work well for items that are _____________.

 a. All of these answer choices are correct

 b. commodities

 c. standard

 d. low-value

a. All of these answer choices are correct

_______________ involves applying a set of process improvement techniques with a goal of improving efficiency.

 a. EOQ

 b. ROP

 c. Supply Chain Management

 d. None of the above

 e. Lean fulfillment

e. Lean fulfillment

When considering value fulfillment, we must remember that with longer planning horizons, uncertainty __________________.

 a. fluxgates

 b. does not follow a pattern

 c. decreases

 d. increases

 e. remains consistent

d. increases

 Which of the following lowers the risk of supply chain vulnerability due to disruption or delay?

 a. Decreasing supply chain inventory

 b. Increasing outsourcing to low cost countries

c. Increasing supply chain resiliency and flexibility

 d. Pursuing emerging markets to increase sales

 e .Reducing the supplier base to just one supplier

c. Increasing supply chain resiliency and flexibility

Which of the following is the regulatory body that helps administer international trade in the United States? 

a. International Trade Commission

b. World Trade Organization

c. Doha Round

d. World Bank

e. International Monetary Fund

a. International Trade Commission

The goal of risk management capabilities is _____? 

 a. To compile historical data to prepare for and prevent a disruption, if possible.

b. To discover potential disruptive events before they occur.

 c. To develop the capacity to strengthen resiliency and continuity post-disruption.

d. To lessen the impact of disruptions via recovery mechanisms, after their occurrence.

  e. To lessen the impact of disruptions via recovery mechanisms, prior to their occurrence.

d. To lessen the impact of disruptions via recovery mechanisms, after their occurrence.

Which of the following is an advantage of adopting a REGIONAL supply chain strategy? 

 a. Sourcing, manufacturing, and selling products in close country groupings

 b. Managing inventory across countries within the region

 c. Similar cultures that often want similar products

d. All of these answer choices are correct.

 e. Finding lower-cost manufacturing within country groups

d. All of these answer choices are correct.

Which of the following is the responsibility of GATT? 

 a. Oversee the exchange rate system

 b. Facilitate manufacturing sector growth

 c. Improve infrastructure and reduce poverty

 d. Bridge difficulties and financial crises in individual member countries

e. Reduce tariffs and bolster international trade

e. Reduce tariffs and bolster international trade

Which of the following is an advantage of adopting a GLOBAL supply chain strategy? 

 a. Lower transportation costs due to shorter distances

 b. Higher unit production cost due to labor arbitrage and increased volume

 c. Higher material costs due to supplier limitations

 d. Lower inventory levels due to closeness to customers

e. Expanded base of suppliers to cut costs or to gain access to materials not found domestically

e. Expanded base of suppliers to cut costs or to gain access to materials not found domestically

Which of the following is the central focus of supply chain risk? 

 a. Applying data analytics

 b. Increasing safety stock

 c. Mitigation tactics

 d. Reducing purchasing costs

e. Preventing disruptions

e. Preventing disruptions

The goal of mitigation capabilities is _____? 

 a. To compile historical data to prepare for and prevent a disruption, if possible.

 b. To lessen the impact of disruptions via recovery mechanisms, after their occurrence.

 c. To develop the capacity to strengthen resiliency and continuity post-disruption.

 d. To discover potential disruptive events before they occur, organizing them based on probability and impact.

e. To lessen the impact of disruptions via recovery mechanisms, prior to their occurrence

e. To lessen the impact of disruptions via recovery mechanisms, prior to their occurrence

The goal of risk assessment is ______? 

 a. To lessen the impact of disruptions via recovery mechanisms, after their occurrence.

 b. To lessen the impact of disruptions via recovery mechanisms, prior to their occurrence.

 c. To compile historical data to prepare for and prevent a disruption, if possible.

 d. To develop the capacity to strengthen resiliency and continuity post-disruption.

e. To discover potential disruptive events before they occur, organizing them based on probability and impact.

e. To discover potential disruptive events before they occur, organizing them based on probability and impact.

Some risk mitigation and management techniques include _____

 a. Increase supply chain distances

 b. Don’t have a dynamic supply chain risk management strategy

c. Increasing suppliers, increasing inventory

 d. Increasing cycle times and responsiveness

 e. Centralize supply/manufacturing/distribution facilities

c. Increasing suppliers, increasing inventory