Deck 22: Supply Chain Management

Question 1

Which of the following refers to the way organizations share their information?

A) means
B) purpose
C) availability
D) intent

Answer 1

C

Question 2

Which of the following statements about inventory is true?

A) Managing an inventory requires balancing between availability and cost.
B) Inventory size increases as consumers purchase items.
C) Inventory management decisions are limited to the size of the inventory.
D) Increasing the inventory size increases a company's profitability.

Answer 2

A

Question 3

Which of the following statements is true about the bullwhip effect?

A) It forces suppliers and manufacturers to carry smaller inventories than necessary.
B) It is a natural dynamic that occurs because of the multistage nature of the supply chain.
C) It is strongly associated with erratic consumer demand.
D) It increases the overall profitability of the supply chain.

Answer 3

B

Question 4

________ refers to the methods by which information is transmitted.

A) Direction
B) Means
C) Purpose
D) Availability

Question 5

Inter-enterprise information systems vary in scope and complexity.

Question 6

The phenomenon in which the variability in the size and timing of orders increases at each stage up the supply chain is referred to as the ________.

A) synergistic effect
B) flanging effect
C) stack effect
D) bullwhip effect

Question 7

In a supply chain,distributors order products from ________.

A) retailers
B) manufacturers
C) customers
D) suppliers

Question 8

Which of the following refers to a network of organizations and facilities that transforms raw materials into products delivered to customers?

A) supply chain
B) distribution channel
C) strategic business unit
D) collaboration system

Question 9

The ________ is used as the measure of supply chain speed.

A) dollar value of goods exchanged in a given period of time
B) amount of goods exchanged in a given period of time
C) total profit generated by the components of supply chain
D) time taken to transport goods from one component to another

Question 10

Which of the following is an effect of information systems on supply chain performance?

A) reduced costs of buying and selling
B) reduced supply chain speed
C) increased size and costs of inventories
D) optimized supply chain profitability

Question 11

________ is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organizations in the supply chain incur to obtain that revenue.

A) Supply chain sustainability
B) Supply chain compatibility
C) Supply chain profitability
D) Supply chain analytics

Question 12

Which of the following statements about supply chains is true?

A) Supply chains consist only of customers, retailers, distributors, manufacturers, and suppliers.
B) Not every supply chain has distributors and retailers.
C) Each element in the supply chain can be connected to only one entity up and down.
D) The only source of revenue in a supply chain is the retailer.

Question 13

The Automated Clearing House system among banks is an example of an inter-enterprise system.

Question 14

The ________ is a factor of information that can be transactional,such as orders and order returns,or it can be informational,such as the sharing of inventory and customer order data.

A) purpose
B) means
C) availability
D) direction

Question 15

Which of the following factors influences supply chain performance by affecting the ways that organizations in the supply chain request,respond,and update one another?

A) information
B) transportation
C) inventory
D) facilities

Question 16

The major factors that affect supply chain performance are the ________.

A) suppliers
B) working capital
C) competitors
D) facilities

Question 17

Every supply chain has four basic components: suppliers,manufacturers,distributors,and retailers.

Question 18

Because of the nature of the bullwhip effect,________ face maximum variation in demand.

A) suppliers
B) manufacturers
C) distributors
D) retailers

Question 19

Which of the following is an example of inventory?

A) machinery
B) factories
C) raw materials
D) capital

Question 20

Which of the following statements is true about an inter-enterprise system?

A) It is constant in scope and complexity.
B) It cannot be customized to the needs of organizations.
C) It is shared by two or more independent organizations.
D) It is easier to manage than other types of systems.

Question 21

The cloud has increased the costs of integrating an organization's information systems.

Question 22

What is a supply chain? What are the four drivers that are crucial to the success of a supply chain?

Question 23

Increasing the size of an inventory reduces the cost of the inventory.

Question 24

As a factor affecting supply chain performance,facilities concern the location and operations methodology of the places where products are fabricated or stored.

Question 25

Inter-enterprise information systems are necessary to share consumer-demand information.

Question 26

Define supply chain profitability: How is it different from individual organizational profitability?

Question 27

Information systems have enabled suppliers to increase the size of their inventories.

Question 28

Profitability of a supply chain increases if all the organizations in the supply chain operate at their maximum profitability.

Question 29

The bullwhip effect explains the amplification of demand at various stages of a supply chain.

Question 30

The bullwhip effect can be eliminated by planning inventory based on each organization up the supply chain.

Question 31

Each level of a supply chain has a distinct source of revenue.

Question 32

At each level of a supply chain,an organization can work with many organizations both up and down the supply chain.

Question 33

How do information systems affect supply chain performance?

Question 34

True demand is the demand from the only party that introduces money into the system.

Question 35

Explain the bullwhip effect with an example.

Question 36

Each organization in a supply chain is an independent company,with its own objectives.

Question 37

Decreasing the size of an inventory decreases the odds that an item will be unavailable for purchase.

Question 38

The presence of information systems has expanded supply chain speed.

Question 39

The large fluctuations of bullwhip effect force organizations to stock fewer inventories than needed.

Question 40

Explain inter-enterprise processes with an example.