Deck 1: 21st-Century Supply Chains

Question 1

Which of the following best describes an integrative supply chain process:

A)Something that links together independent parts
B)A concept that identifies independent parts
C)A conglomeration of functions
D)The link of critical parts of a supply chain

Answer 1

D

Question 2

An integrated service supplier (ISP)seeks to:

A)Provide critical operational functionality in a supply chain
B)Specializes in providing a specialized service
C)Bring together two otherwise separate functions
D)None of the above

Answer 2

A

Question 3

Supply Chain Management promotes a network of highly efficient interdependent businesses.

Answer 3

True

Question 4

Enterprise extension is a diversification strategy.

Question 5

Increased operational responsiveness is directly related to information technology.

Question 6

A Supply Chain is best described by which of the following:

A)A group of cooperative carriers
B)A group of collaborative companies
C)A formal association of competitive companies
D)Two firms who create a strategic alliance

Question 7

The principle of postponement is new to the discipline of logistics.

Question 8

Vertical integration and supply chain extension are essentially the same concepts.

Question 9

A third party service supplier is also a public warehouse.

Question 10

Process specialization involves the same concepts as vertical integration.

Question 11

Collaboration is a fundamental part of Supply Chain Management.

Question 12

The internet has increased business-to-business connectivity.

Question 13

The concept of postponement:

A)Involves two organizations working together to delay delivery
B)Involves strategic delay of the delivery
C)Seeks to reduce the risk of delivery
D)Seeks to reduce the risk of anticipation

Question 14

The lowest total process cost:

A)Is always the sum of the lowest cost for each involved function
B)May be the lowest cost of each involved function
C)Is the lowest cost of each involved function
D)Is a product of careful cost integration

Question 15

Collaboration is the act of:

A)Sharing secret information
B)Working with competitors
C)Integrating components of a supply chain
D)Legal in selected supply chain arrangements

Question 16

The Anticipatory Business Model is best described by which statement:

A)Driven by forecast
B)Driven by information technology
C)Builds on the principles of time-based competition
D)Is a low risk strategy

Question 17

A unique feature of integrated logistics is:

A)The newness of the concept
B)Its fundamental similar to military operations
C)Complexity and scope of operations
D)The fact that it employs many people

Question 18

There are eight critical supply chain processes.

Question 19

What is the primary reason that responsiveness has decreased over the past two decades:

A)Improvement in Federal Highways
B)Better Sea Ports
C)Development of Double Stack Containers
D)Information Technology