Question 1

When companies use standardized components, time restrictions are minimal, and where transportation and trade barriers are not consequential, they are likely to use:
A) Global sourcing strategies
B) Regional sourcing strategies
C) National sourcing strategies
D) All of the above

Accepted Answer

Global sourcing strategies are most suitable for companies when standardized components are used, time restrictions are minimal, and transportation and trade barriers are not significant, as they allow for sourcing from anywhere in the world to achieve cost efficiencies and meet production needs.

Question 2

Reducing transportation delays, holding costs for materials, components and finished goods, access to purchasing scale economies and the ability to consolidate manufacturing and distribution operations are global supply chain advantages affecting:
A) Differentiation-based competitive advantages
B) Global logistics efficiencies
C) Cost leadership-based competitive advantages
D) All of the above

Accepted Answer

These factors primarily contribute to cost leadership-based competitive advantages by reducing costs and improving efficiency in the supply chain.

Question 3

Companies using the same small-scale production methods in all markets (e.g. fast food, franchises) are using which type of global manufacturing network:
A) Global exporter
B) Globally integrated
C) Globally coordinated
D) Global specialization

Accepted Answer

Globally coordinated networks are characterized by companies using the same small-scale production methods in all markets.

Question 4

'Bulk shipments go directly to subsidiary warehouses where they are stored until sold. Buffer stocks are maintained to minimize the possibility of stock-outs. This system works best where customer demand tends to be stable' This is which type of manufacturer-distributor option:
A) The direct system
B) The multi-country warehouse system
C) The transit system
D) The classical system

Accepted Answer

The classical system involves storing bulk shipments in warehouses and maintaining buffer stocks to prevent stock-outs, which is suitable for stable customer demand.

Question 5

Environmental catalysts to global and multi-market supply chains include all of the following except:
A) The pressures of global competition
B) Contributions to cost and differentiation sources of competitive advantage
C) The homogenization of global demand
D) The free trade movement

Accepted Answer

The answer of Environmental catalysts to global and multi-market supply...

Question 6

Where firms manufacture within free trade market blocs like the EU or Mercosur, where there are common technical standards among markets and similar demand patterns for finished goods, they are likely to use:
A) Global sourcing between different regions
B) Regional sourcing from neighboring countries
C) National sourcing
D) None of the above

Accepted Answer

In free trade market blocs like the EU or Mercosur, firms are likely to use regional sourcing from neighboring countries due to common technical standards and similar demand patterns, which makes it more efficient and cost-effective than sourcing globally or nationally.

Question 7

When the following conditions apply: "made in" advantages, patriotism, competitive advantages in service, and labor costs are low in relation to total costs, firms are likely to use what type of sourcing strategy:
A) Maintain home market suppliers and manufacturing
B) Use regional suppliers
C) Use global sourcing
D) All of the above

Accepted Answer

The answer of When the following conditions apply: "made in"...

Question 8

Which of the following statements is false about Total Quality Management:
A) Employee empowerment essential for TQM is easier in nations with histories of social class distinctions
B) Asian job rotation and lifetime employment practices facilitate TQM adoption
C) TQM is easier in nations with educated work forces
D) TQM requires much corporate training and frequent communications between management and workers

Accepted Answer

Employee empowerment, a core component of TQM, is often more challenging in nations with strong social class distinctions because these distinctions can create barriers to open communication and collaboration across different levels of an organization.

Question 9

'The successful completion of a product or service at each stage of the production process from suppliers through to customers for immediate use in the supply chain' is a definition of:
A) Total quality management
B) Just-in-time manufacturing
C) Reengineering corporate processes
D) All of the above

Accepted Answer

Just-in-time manufacturing focuses on producing and delivering products or services just as they are needed, ensuring efficiency throughout the supply chain.

Question 10

The integration of suppliers into corporate supply chains goes from purely domestic sourcing through to coordinating customer, distributors, manufacturers and suppliers through internet-based information systems tends to be a:
A) 2 step process
B) 3 step process
C) 4 step process
D) 5 step process
E) 6 step process

Accepted Answer

The answer of The integration of suppliers into corporate supply...

Question 11

When supplier-manufacturer relationships are established, and suppliers are encouraged to become market leaders in their areas and follow manufacturers into foreign markets, which phase of the supplier-customer/manufacturer relationship are they in:
A) The resolved phase
B) The partnership phase
C) The lean supply phase
D) The stress phase

Accepted Answer

The answer of When supplier-manufacturer relationships are established, and suppliers...

Question 12

Which of the following is not a trend in global distribution:
A) Middlemen are disappearing
B) Retail ownership has become increasingly dispersed
C) Information technologies have increased in importance
D) Retailing has become increasingly globalized

Accepted Answer

Retail ownership has actually become increasingly concentrated, not dispersed. Major retailers and retail chains have been expanding, leading to a concentration of retail ownership in the hands of fewer, larger entities.

Question 13

Superior service levels, supply chain participant contributions to new product development, the abilities to leverage global brands and offer post-sales service are all global supply chain advantages affecting:
A) Differentiation-related competitive advantages
B) Cost leadership competitive advantages
C) Marketing strategies at the country level
D) All of the above

Accepted Answer

These aspects contribute to differentiation-related competitive advantages by allowing a company to offer unique services, collaborate on innovation, leverage global brands, and provide superior post-sales service, setting it apart from competitors.

Question 14

International companies like their subsidiaries to contribute to global manufacturing networks by encouraging:
A) The upgrading of local marketing expertise and servicing local markets
B) Self-improvement programs such as JIT and TQM
C) Developing improvements in products and developing new products
D) Information collection about industry developments
E) All of the above

Accepted Answer

International companies encourage their subsidiaries to contribute to global manufacturing networks in various ways, including upgrading local marketing expertise, implementing self-improvement programs like JIT (Just-In-Time) and TQM (Total Quality Management), developing product improvements and new products, and collecting information about industry developments. These activities help in enhancing the overall value and competitiveness of the global network.

Question 15

Reductions in processing time, organizational changes to emphasize core competencies, and the decline of mass production in favor of CAD-CAM and computer-aided manufacturing are all trends affecting:
A) Manufacturer-distributor relationships
B) Supplier-manufacturer relationships
C) Manufacturer-customer relationships
D) All of the above

Accepted Answer

The answer of Reductions in processing time, organizational changes to...

Question 16

Which of the following is false about the global diffusion of management philosophies such as total quality management and just-in-time:
A) They are essential support philosophies for many global and multi-market manufacturing systems
B) Employee involvement and empowerment are unnecessary
C) Employees are involved in the customer satisfaction process
D) All are true statements

Accepted Answer

Employee involvement and empowerment are crucial elements of management philosophies like total quality management and just-in-time. These philosophies often emphasize the importance of involving employees in decision-making processes and empowering them to contribute to continuous improvement and customer satisfaction.

Question 17

Which of the following is a true statement about international retailing:
A) By 2009, global retailers will control about 90% of the worldwide retail market
B) Japanese retailers have stayed in their lucrative domestic market
C) European retailers tend not to venture outside of their home countries
D) US retailers have been among the early pioneers of international retailing
E) All are false statements

Accepted Answer

US retailers have been recognized for their early and aggressive expansion into international markets, leveraging their size, capital, and retailing expertise to establish a presence in various countries around the world.

Question 18

Companies that produce high tech components in the home market, labor intensive parts in developing countries, capital-intensive components in developed markets, and then transship components to end markets for assembly are using which type of manufacturing network:
A) Globally coordinated
B) Globally specialized
C) Global exporter
D) Globally integrated

Accepted Answer

Globally integrated manufacturing networks involve producing different components in various countries based on local advantages (such as labor costs or technological expertise) and then assembling the final product in a location that optimizes the company's logistics and market access. This approach leverages the strengths of different regions to maximize efficiency and competitiveness.

Question 19

Within trade blocs such as the EU, some companies have their manufacturing facilities specialize their operations and ship components to central sites for assembly. This is what type of production system:
A) Regionally-integrated
B) Regionally specialized
C) Regionally uncoordinated
D) Country-based

Accepted Answer

Regionally-integrated production systems involve companies specializing their operations and shipping components to central sites for assembly within trade blocs.

Question 20

International networks linking suppliers, producers, distributors and customers across national boundaries are:
A) Global logistics systems
B) Global supply chains
C) National supply chains
D) All of the above

Accepted Answer

Global supply chains are networks that connect suppliers, producers, distributors, and customers across different countries, facilitating the production and distribution of goods and services on an international scale.

Quiz 10: Global and Multi-Market Supply Chain Management

When companies use standardized components, time restrictions are minimal, and where transportation and trade barriers are not consequential, they are likely to use:

Reducing transportation delays, holding costs for materials, components and finished goods, access to purchasing scale economies and the ability to consolidate manufacturing and distribution operations are global supply chain advantages affecting:

Companies using the same small-scale production methods in all markets (e.g. fast food, franchises) are using which type of global manufacturing network:

'Bulk shipments go directly to subsidiary warehouses where they are stored until sold. Buffer stocks are maintained to minimize the possibility of stock-outs. This system works best where customer demand tends to be stable' This is which type of manufacturer-distributor option:

Environmental catalysts to global and multi-market supply chains include all of the following except:

Where firms manufacture within free trade market blocs like the EU or Mercosur, where there are common technical standards among markets and similar demand patterns for finished goods, they are likely to use:

When the following conditions apply: "made in" advantages, patriotism, competitive advantages in service, and labor costs are low in relation to total costs, firms are likely to use what type of sourcing strategy:

Which of the following statements is false about Total Quality Management:

'The successful completion of a product or service at each stage of the production process from suppliers through to customers for immediate use in the supply chain' is a definition of:

The integration of suppliers into corporate supply chains goes from purely domestic sourcing through to coordinating customer, distributors, manufacturers and suppliers through internet-based information systems tends to be a:

When supplier-manufacturer relationships are established, and suppliers are encouraged to become market leaders in their areas and follow manufacturers into foreign markets, which phase of the supplier-customer/manufacturer relationship are they in:

Which of the following is not a trend in global distribution:

Superior service levels, supply chain participant contributions to new product development, the abilities to leverage global brands and offer post-sales service are all global supply chain advantages affecting:

International companies like their subsidiaries to contribute to global manufacturing networks by encouraging:

Reductions in processing time, organizational changes to emphasize core competencies, and the decline of mass production in favor of CAD-CAM and computer-aided manufacturing are all trends affecting:

Which of the following is false about the global diffusion of management philosophies such as total quality management and just-in-time:

Which of the following is a true statement about international retailing:

Companies that produce high tech components in the home market, labor intensive parts in developing countries, capital-intensive components in developed markets, and then transship components to end markets for assembly are using which type of manufacturing network:

Within trade blocs such as the EU, some companies have their manufacturing facilities specialize their operations and ship components to central sites for assembly. This is what type of production system:

International networks linking suppliers, producers, distributors and customers across national boundaries are: