Deck 22: Supply Chain Management

Question 1

Which of the following statements about supply chains is true?

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

Answer 1

D

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)Increasing the inventory size increases a company's profitability.
D)Inventory management decisions are limited to the size of the inventory.

Answer 2

A

Question 3

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

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

Answer 3

D

Question 4

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

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

Question 5

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

Question 6

Which of the following is an example of inventory?

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

Question 7

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

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

Question 8

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

Question 9

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

Question 10

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

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

Question 11

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

Question 12

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

Question 13

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

Question 14

Inter-enterprise information systems vary in scope and complexity.

Question 15

Explain inter-enterprise processes with an example.

Question 16

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

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

Question 17

________ refers to the methods by which information is transmitted.

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

Question 18

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

Question 19

In a supply chain,distributors order products from ________.

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

Question 20

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)availability
C)means
D)direction

Question 21

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

Question 22

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

Question 23

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

Question 24

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

Question 25

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

Question 26

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

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

Question 27

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

Question 28

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

Question 29

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

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

Question 30

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

Question 31

How do information systems affect supply chain performance?

Question 32

Explain the bullwhip effect with an example.

Question 33

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

Question 34

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

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

Question 35

The presence of information systems has expanded supply chain speed.

Question 36

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

Question 37

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

Question 38

Define supply chain profitability.How is it different from individual organisational profitability?

Question 39

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

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

Question 40

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

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