Deck 8: Supply Chain Management

Question 1

What are the transportation components that an organization should consider when determining its transportation strategy?

A) Method of transportation, transportation effectiveness
B) Transportation route, method of transportation
C) Transportation route by air, truck, or ship
D) Method of transportation by air, truck, or ship

Answer 1

B

Question 2

Which of the following increases effectiveness for the facilities driver?

A) Few facilities
B) Centralized facilities
C) Minimal amounts of excess capacity
D) Functional focus operational design

Answer 2

D

Question 3

Which of the following would an organization choose if it wanted to focus on transportation effectiveness?

A) Ship its products directly to its customers
B) Ship its products to a distributor that ships the products to customers
C) Ship its products to a distributor by air only
D) Ship its products to a distributor by boat only

Answer 3

A

Question 4

What strategy does Toyota stress in its supply chain facilities strategy?

A) Efficiency
B) Effectiveness
C) Inventory
D) None of the above

Question 5

What are the four primary drivers of supply chain management?

A) Facilities, inventory, transportation, ebusiness
B) Facilities, investment, transportation, ebusiness
C) Facilities, inventory, transportation, information
D) Inventory, investment, transportation, ebusiness

Question 6

Which of the following increases efficiency for the facilities driver?

A) Decentralized facilities
B) Large amounts of excess capacity
C) Functional focus operational design
D) Product focus operational design

Question 7

How will an organization use its transportation driver if it focuses on a highly efficient supply chain?

A) Increase the price of its products by using slower, less expensive transportation methods
B) Decrease the price of its products by using slower, less expensive transportation methods
C) Increase the price of its products by using faster, more costly transportation methods
D) Decrease the price of its products by using faster, more costly transportation methods

Question 8

Which of the following would an organization choose if it wanted to focus on information efficiency?

A) Freely share lots of information
B) Share only selected information
C) Charge others for access to its information
D) All of the above

Question 9

Which of the following would an organization choose if it wanted to pursue an effectiveness strategy for its location driver?

A) Centralize the location to gain economies of scale
B) Decentralize the locations to be closer to the customers
C) All of the above
D) None of the above

Question 10

Which of the following would an organization choose if it wanted to pursue an efficiency strategy for its location driver?

A) Centralize the location to gain economies of scale
B) Decentralize the locations to be closer to the customers
C) All of the above
D) None of the above

Question 11

What is it called if a toy store holds extra inventory for the Christmas season?

A) Safety inventory
B) Cycle inventory
C) Performance inventory
D) Capacity inventory

Question 12

Which strategy is Dillard's department store following for its inventory driver?

A) Efficiency
B) Effectiveness
C) Cycle inventory
D) None of the above

Question 13

What are the three primary components an organization should consider when determining its facilities strategy?

A) Location, inventory, transportation
B) Location, capacity, operational design
C) Capacity, operational design, information
D) Capacity, operational design, transportation

Question 14

What would an organization choose that focuses on transportation efficiency?

A) Ship its products directly to its customers
B) Ship its products to a distributor that ships the products to customers
C) Ship its products to a distributor by air only
D) Ship its products to its customers by boat

Question 15

Which of the following can an organization's supply chain focus on?

A) Efficiency
B) Effectiveness
C) Efficiency or effectiveness
D) None of the above

Question 16

What is extra inventory held in the event demand exceeds supply?

A) Safety inventory
B) Cycle inventory
C) Performance inventory
D) Capacity inventory

Question 17

How will an organization use its transportation driver if it focuses on a highly effective supply chain?

A) Increase the price of its products by using slower, less expensive transportation methods
B) Decrease the price of its products by using slower, less expensive transportation methods
C) Increase the price of its products by using faster, more costly transportation methods
D) Decrease the price of its products by using faster, more costly transportation methods

Question 18

What tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost?

A) Inventory management and control software
B) Global inventory management system
C) Transportation planning system
D) Distribution management software

Question 19

What is the average amount of inventory held to satisfy customer demands between inventory deliveries?

A) Safety inventory
B) Cycle inventory
C) Performance inventory
D) Capacity inventory

Question 20

What provides control and visibility to the status of individual items maintained in inventory?

A) Inventory management and control software
B) Global inventory management system
C) Transportation planning system
D) Distribution management software

Question 21

What does Wal-Mart's supply chain facilities driver focuses on?

A) Efficiency
B) Effectiveness
C) All of the above
D) None of the above

Question 22

In a pull technology environment, organizations receive or request information.

Question 23

Location, _________, and operational design are the three primary components of a facilities strategy.

Question 24

An organization's supply chain strategy can focus on efficiency or effectiveness, but not both.

Question 25

Distribution management software coordinates the process of transporting materials from a manufacturer to distribution centers to the final customer.

Question 26

What applies technology to the activities in the order life cycle from inquiry to sale?

A) Supply chain event management
B) Selling chain management
C) Collaborative engineering
D) Collaborative demand planning

Question 27

Which of the following would an organization choose if it wanted to focus on information effectiveness?

A) Freely share lots of information
B) Share only selected information
C) Charge others for access to its information
D) All of the above

Question 28

What allows an organization to reduce the cost and time required during the design process of a product?

A) Supply chain event management
B) Selling chain management
C) Collaborative engineering
D) Collaborative demand planning

Question 29

What does Wal-Mart's information driver focus on?

A) Efficiency
B) Effectiveness
C) All of the above
D) None of the above

Question 30

What happens to an organization that operates using a push technology environment?

A) The organization receives information
B) The organization gets information
C) The organization sends information
D) The organization requests information

Question 31

____________ management and control software provides control and visibility to the status of individual items maintained in inventory.

Question 32

A supply ____________ consists of all parties involved, directly or indirectly, in the procurement of a product or raw material.

Question 33

What enables an organization to react more quickly to resolve supply chain issues?

A) Supply chain event management
B) Selling chain management
C) Collaborative engineering
D) Collaborative demand planning

Question 34

What does Wal-Mart's transportation driver focus on?

A) Efficiency
B) Effectiveness
C) All of the above
D) None of the above

Question 35

The facilities driver includes three primary components: (1) Location, (2) Push vs. Pull, (3) Operational design.

Question 36

Global ______________ management system provides the ability to locate, track, and predict the movement of every component or material anywhere upstream or downstream in the supply chain.

Question 37

What helps organizations reduce their investment in inventory, while improving customer satisfaction through product availability?

A) Supply chain event management
B) Selling chain management
C) Collaborative engineering
D) Collaborative demand planning

Question 38

Safety inventory is the average amount of inventory held to satisfy customer demands between inventory delivers.

Question 39

Facilities, inventory, transportation, and ________________ are the four primary drivers of supply chain management.

Question 40

What does Wal-Mart's inventory driver focus on?

A) Efficiency
B) Effectiveness
C) All of the above
D) None of the above

Question 41

Having large quantities of excess inventory increases an organization's ___________.

Question 42

Collaborative ______________ allows an organization to reduce the cost and time required during the design process of a product.

Question 43

Explain supply chain management strategies focusing on efficiency.

Question 44

_________ chain management applies technology to the activities in the order life cycle from inquiry to sale.

Question 45

Dillard's department store focuses its supply chain strategy on _________.

Question 46

In a(n) __________ technology environment, organizations send information.

Question 47

If an organization chooses a(n) ____________ strategy for information sharing then it will freely share lots of information to increase the speed and decrease the costs of supply chain processing.

Question 48

Describe the four drivers of supply chain management.

Question 49

____________ inventory is extra inventory held in the event demand exceeds supply.

Question 50

Describe Wal-Mart's supply chain management strategy in terms of its four drivers.

Question 51

Describe the fastest growing components of SCM systems.

Question 52

In the future, ___________ will become an effective tool for tracking and monitoring inventory movement in a real-time SCM environment.

Question 53

In a(n) __________ technology environment, organizations receive or request information.

Question 54

_________ inventory is the average amount of inventory held to satisfy customer demands between inventory deliveries.

Question 55

If an organization chooses an inexpensive method of transportation it is focusing on a(n) _________ strategy.

Question 56

Having a number of different facilities located closer to customers decreases an organization's __________.

Question 57

If an organization chooses a(n) _____________ strategy it would use expensive methods of transportation to ensure speedy deliveries.

Question 58

Explain supply chain management strategies focusing on effectiveness.

Question 59

Collaborative ___________ planning helps organizations reduce their investment in inventory, while improving customer satisfaction through product availability.

Question 60

Supply chain ________ management enables an organization to react more quickly to resolve supply chain issues.