Question 1

There are seven factors in the successful development of supply chain metrics. Name them, and select any two to discuss in more detail.

Accepted Answer

The answer of There are seven factors in the successful...

Question 2

Earnings before interest and taxes is calculated:

Accepted Answer

Earnings before interest and taxes (EBIT) is calculated as revenue minus cost of goods sold (COGS) and total operating expenses, which would be represented by option A. Option B is incorrect because it only takes into account the gross margin, which includes revenue minus COGS only, but not operating expenses. Option C is too specific and does not cover all operating expenses.

Question 3

What is the best financial metric to show the profit an organization generates in relationship to assets utilized?

Accepted Answer

Return on Assets (ROA) is the best financial metric to show the profit an organization generates in relationship to assets utilized. It measures the amount of profit generated per dollar of assets employed by the organization. This metric is important as it helps investors and stakeholders understand how efficiently the organization is utilizing its assets to generate profits.

Question 4

Effective order management can have an impact on:

Accepted Answer

Effective order management can help reduce supply chain costs by streamlining processes and reducing waste. It can also increase revenues by ensuring timely and accurate delivery of products and improving customer satisfaction. Additionally, efficient order management can result in improved return on assets by reducing inventory costs and minimizing the need for warehousing. Therefore, all of the given answers are correct.

Question 5

Discuss the Supply Chain Financial Impact on an organization.

Accepted Answer

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Question 6

Channel structure management includes decisions regarding the use of outsourcing, channel inventories, _____, and channel structure.

Accepted Answer

Information systems are crucial for managing channel structure as they facilitate communication, coordination, and data sharing among channel members.

Question 7

Discuss the revenue-cost savings connection and include the formula.

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Question 8

The decision to alter the supply chain process is essentially _____ issue.

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Question 9

Which of the following is NOT a supply chain decision area regarding ROA improvement?

Accepted Answer

Information Management is not a supply chain decision area regarding ROA improvement.

Question 10

What role should employees, in general, play in the development of performance metrics? Why is this role important?

Accepted Answer

The answer of What role should employees, in general, play...

Question 11

There are four major categories that provide a useful way for examining logistics and supply chain performance. They are time, _____, cost, and supporting metrics.

Accepted Answer

The answer of There are four major categories that provide...

Question 12

What is the "Order-to-Cash" cycle?

Accepted Answer

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Question 13

In the SCOR model there are five major categories of metrics that need to be used to measure the performance of Process D1: reliability, _____, agility, costs, and asset management.

Accepted Answer

The five major categories of metrics in the SCOR model for measuring the performance of Process D1 are reliability, responsiveness, agility, costs, and asset management. While ROA (return on assets) and cash-to-cash cycle are important metrics, they are not one of the five major categories specifically listed for Process D1. Similarly, supply chains are not a category of metrics but are a network of businesses and organizations involved in the creation and delivery of a particular product or service. Therefore, the best choice is B, responsiveness.

Question 14

Which of the following is NOT an element of Order Management?

Accepted Answer

While optimizing mode mix may be a part of logistics management or transportation management, it is not a direct element of order management which mainly deals with reducing stockouts, processing orders efficiently, and optimizing order fill rate.

Question 15

Discuss the differences between the terms metric, measure, and index.

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Question 16

Discuss the metric classification scheme that has been developed by the Supply Chain Council and defined in the Supply Chain Operations and Reference (SCOR) model to measure the performance of Process D1: Deliver Stocked Product.

Accepted Answer

The answer of Discuss the metric classification scheme that has...

Quiz 13: Supply Chain Performance Measurement and Financial Analysis