Deck 15: Supply Chain Management

Question 1

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

Answer 1

True

Question 2

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

Answer 2

False
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".

Answer 3

True

Question 4

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

Question 5

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

Question 6

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

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.

Question 8

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

A) Rapid product change-outs
B) Use of economic order quantity
C) Short lead times
D) Smaller more frequent orders

Question 9

Characteristics of the Just in Time environment include:

A) Economical purchase sizes
B) Higher levels of inventory
C) Rapid order fulfillment processes
D) Lower costs

Question 10

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

A) The demand chain focuses on facilities while the supply chain focuses on markets
B) The demand chain focuses only on strategic supply chain processes
C) The demand chain tends to push products based on limited knowledge
D) The demand chain uses key consumer and market information that is essential to the strategic planning process

Question 11

Most medical and pharmaceutical supplies are obtained through:

A) Direct from manufacturers
B) Amazon.com
C) Local retail outlets
D) Distribution channels

Question 12

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

A) Variability in product quality to address multiple patient care needs
B) Speed of delivery for product from design to market
C) Agility in flexible sourcing and responsive distribution of products
D) Innovativeness in product conception and delivery

Question 13

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

Question 14

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

Question 15

Describe the state of technology use in hospital supply chain.