Question 1

In a _____ strategy,customer orders drive(s)manufacturing and distribution operations.

Accepted Answer

The answer of In a _____ strategy,customer orders drive(s)manufacturing and...

Question 2

All of the following are factors that affect a company's sustainability profile except

Accepted Answer

Initiatives taken by competitors regarding sustainability are not within a company's direct control or influence, so they cannot be considered a factor that affects a company's sustainability profile. The other choices - sourcing of materials and goods, transportation mode selection, the extent of its supply chain as a closed-loop system, and facility locations - are all factors that a company can actively manage and that can impact its sustainability performance.

Question 3

The set of activities a firm takes to coordinate the various flows within a supply chain is referred to as _____ _____ _____.

Accepted Answer

The answer of The set of activities a firm takes...

Question 4

Compare the various modes of transportation.Which one has a low cost and very high capacity,but is slow in delivery?

Accepted Answer

Water transportation is known for its low cost and very high capacity, but it is generally slower in delivery compared to other modes like air or motor transportation.

Question 5

While on vacation in Europe,Maria purchased an antique porcelain vase valued at $25,000.She needs to have it delivered to her home in Kentucky.What would be the best mode of transportation for this item?

Accepted Answer

When it comes to valuable and fragile items like antique porcelain vases, air transportation is the safest and quickest mode of transportation. This ensures that the item is handled with care and delivered to the destination in the shortest possible time frame. While water transportation and railroad are also options, they can take a longer time and carry a higher risk of damage or loss. Cyberspace and pipeline are not applicable modes of transportation for physical objects like vases.

Question 6

A _____ _____ delivers value to the end customer by leveraging the resources and skills of its various component firms.

Accepted Answer

The answer of A _____ _____ delivers value to the...

Question 7

A company that practices disintermediation is doing which of the following?

Accepted Answer

Disintermediation refers to the elimination of intermediaries in the delivery of products to consumers. This means that the company is selling directly to the end users, bypassing any middlemen such as distributors or retailers. Therefore, the choice that best describes disintermediation is E, which implies that the company is adopting a strategy to remove intermediaries from its supply chain. The other choices are not directly related to disintermediation, as they refer to inventory management, distribution, data systems, and international sourcing.

Question 8

A _____ _____ _____ is a management philosophy that guides the actions of company members toward the goal of actively managing the upstream and downstream flows of goods,services,finances,and information across the supply chain.

Accepted Answer

The answer of A _____ _____ _____ is a management...

Question 9

In a supply chain,the flow of products travels downstream through _______ channels such as wholesalers,distributors,and retailers.

Accepted Answer

The answer of In a supply chain,the flow of products...

Question 10

If a company's marketing strategy includes objectives related to cost competitiveness and good customer service,it should consider using a _______ supply chain strategy.

Accepted Answer

The answer of If a company's marketing strategy includes objectives...

Question 11

A British company manufactures specialty teas and sells them to a retailer in Estes Park,Colorado.In order to get the product to the end-user,the teas are shipped via ocean liner to a port in the Gulf of Mexico and then placed on a railway car to Denver,Colorado.From Denver,the tea is placed on a truck and taken to the retailer in Estes Park.This is an example of

Accepted Answer

This is an example of intermodal transportation because multiple modes of transportation are being used to transport the product (ocean liner, railway car, truck).

Question 12

What is intermodal transportation?

Accepted Answer

Intermodal transportation is the use of multiple modes of transportation for the same shipment. This can include trucking, rail, air, and sea transport. The goal is to optimize efficiency and minimize costs while delivering goods quickly and safely.

Question 13

_____ _____ _____ are the costs required to make or buy a product,including risk of obsolescence,taxes,insurance,and warehousing space used to store the goods.

Accepted Answer

The answer of _____ _____ _____ are the costs required...

Question 14

A set of three or more companies directly linked by one or more of the upstream and downstream flows of products,services,finances,and information from a source to a customer is referred to as a _____ _____.

Accepted Answer

The answer of A set of three or more companies...

Question 15

The attempt by companies to reduce the amount of products that end up in a land fill by repairing returned goods or finding new buyers for products that are unwanted by retailers has what type of supply chain?

Accepted Answer

A closed-loop supply chain refers to a system in which products are returned and then either recycled, repaired or reused. In this scenario, companies are attempting to reduce waste and prevent returned goods from ending up in a landfill, which aligns with the principles of a closed-loop supply chain. The other answer choices are not relevant or appropriate for this scenario.

Question 16

A commitment to adopting a lifestyle that meets the needs of the present without compromising the ability of future generations to meet their own needs is referred to as

Accepted Answer

Sustainability is the commitment to meeting the needs of the present while ensuring that future generations will be able to meet their needs. This includes balancing environmental, social, and economic factors to create a more sustainable future. Eco-management and environmentalism focus more specifically on environmental concerns, while consumerism and green marketing focus more on consumer behavior and marketing strategies.

Question 17

The process of purchasing goods and services that takes into account the long-term impact on people,profits,and planet is called

Accepted Answer

The answer of The process of purchasing goods and services...

Question 18

For an integrated supply chain to work,companies must be willing to embrace ______-based strategies.

Accepted Answer

The answer of For an integrated supply chain to work,companies...

Question 19

According to your text,all of the following are factors that companies must consider in choosing a transportation mode except

Accepted Answer

The ability to store the product until shipment is not a factor that companies consider in choosing a transportation mode. Factors that companies must consider in choosing a transportation mode include overall cost, transit times, mode accessibility, and ability to meet lead time requirements.

Question 20

Jared's company is based in the United States and practices sustainable sourcing.Because his company gets materials and finished products from Canada and Mexico,its sourcing is referred to as

Accepted Answer

Near-shoring refers to the practice of sourcing materials or finished products from nearby countries, such as Canada or Mexico, rather than from distant countries. This offers benefits such as shorter lead times, lower transportation costs, and more sustainable sourcing practices.

Quiz 9: Supply Chain and Logistics Management