Question 1

Supply chain management and business logistics are slightly different concepts but generally can be used to describe the same thing.

Accepted Answer

Supply chain management and business logistics are closely related concepts that involve the planning, execution, and control of the flow of goods, services, and information from suppliers to customers. While there are some subtle differences between the two, they are often used interchangeably to describe the same overall process.

Question 2

Supply chains are one-way relationships showing the flow of products from manufacturers to patients.

Accepted Answer

Supply chains might be depicted as "webs," or circle diagrams, to illustrate the concept that consumer's demand really drives manufacturer production, and thus it is a continuous cycle.

Question 3

Imperfect information between parties in the supply chain can result in a "bullwhip effect".

Accepted Answer

The bullwhip effect occurs when small fluctuations in demand at the consumer level cause larger and larger fluctuations in demand at the wholesale, distributor, manufacturer, and raw material supplier levels due to imperfect information and communication.

Question 4

Customer service has little relevance in supply chain management where costs and efficient distribution take precedence.

Accepted Answer

The goal of hospital business logistics strategy is to focus on four cornerstones-inventory, distribution, facilities, and customer service.

Question 5

All parties in the supply chain have differing goals and interests.

Accepted Answer

All parties in the supply chain have the same goals and interests (i.e., improving total margins)

Question 6

Hospitals significantly lag behind other industries in the deployment of advanced management systems to drive supply chain optimization.

Accepted Answer

Hospitals often face unique challenges such as regulatory requirements, budget constraints, and complex logistics, which can hinder the adoption of advanced supply chain management systems compared to other industries.

Question 7

Combined planning, forecasting, and reimbursement (CPFR) is the name for the process that seeks to improve the relationship or partnership between retailers and suppliers.

Accepted Answer

Collaborative planning, forecasting, and replenishment (CPFR) is the name for the process that seeks to improve the relationship or partnership between retailers and suppliers

Question 8

Characteristics of the Supply to Stock/Bulk (STS) environment include:

Accepted Answer

In a Supply to Stock/Bulk environment, the focus is on maintaining inventory levels using methods like economic order quantity to optimize stock levels and minimize costs.

Question 9

Characteristics of the Just in Time environment include:

Accepted Answer

Just in Time (JIT) focuses on reducing inventory levels and improving efficiency, which leads to rapid order fulfillment processes.

Question 10

Which of the following statements about the demand chain are correct?

Accepted Answer

The demand chain emphasizes using consumer and market information to guide strategic planning, ensuring that products and services meet customer needs effectively.

Question 11

Most medical and pharmaceutical supplies are obtained through:

Accepted Answer

distributors in the medical-surgical supplies business include Cardinal Health (www.cardinal.com), McKesson (www.mckesson.com), Owens and Minor (www.owens-minor.com), and Medline Industries (www.medline.com).

Question 12

The five most important capabilities that supply chains should develop include all of the following except:

Accepted Answer

Variability in product quality is not typically considered a desirable capability for supply chains, as consistency in quality is generally preferred to meet standards and customer expectations.

Question 13

Differentiate between Just in Time and Supply to Stock approaches to supply chain management.

Accepted Answer

The answer of Differentiate between Just in Time and Supply...

Question 14

Describe the concept of reverse logistics and its application in hospitals.

Accepted Answer

The answer of Describe the concept of reverse logistics and...

Question 15

Describe the state of technology use in hospital supply chain.

Accepted Answer

The answer of Describe the state of technology use in...

Quiz 15: Supply Chain Management