Question 1

__________ is that part of supply chain management that plans, implements, and controls the flow of goods, services, and information between the point of origin and the final customer.

Accepted Answer

The answer of __________ is that part of supply chain...

Question 2

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

Accepted Answer

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

Question 3

Purchasing managers monitor ___________ performance by measuring quality, on-time delivery, rapid response to problems, and accuracy of invoices.

Accepted Answer

The answer of Purchasing managers monitor ___________ performance by measuring...

Question 4

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 5

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 6

In a supply chain, the flow of products travels _________ through distribution channels such as wholesalers, distributors, and retailers. (upstream/downstream)

Accepted Answer

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

Question 7

If cost reduction is part of a firm's strategy, a __________ system will allow it to achieve cost savings through economies of scale in purchasing, manufacturing, and transportation.

Accepted Answer

The answer of If cost reduction is part of a...

Question 8

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,...

Question 9

The inbound movement and storage of materials in preparation for those materials to enter and flow through the manufacturing process is referred to as __________ management.

Accepted Answer

The answer of The inbound movement and storage of materials...

Question 10

Brooke was excited to get the new iPhone model that was just released. She was disappointed, however, when the store she went to purchase it from did not have any more available. This is an example of a _________.

Accepted Answer

The answer of Brooke was excited to get the new...

Question 11

The distribution activities associated with logistics relate to the __________ aspect of the 4 Ps of the marketing mix.

Accepted Answer

The answer of The distribution activities associated with logistics relate...

Question 12

A _________ strategy combines the economies of scale of a push strategy with the flexibility of a pull strategy.

Accepted Answer

The answer of A _________ strategy combines the economies of...

Question 13

The costs to place and process orders for materials and finished goods are __________ costs.

Accepted Answer

The answer of The costs to place and process orders...

Question 14

A ________ sells goods to consumers for their own use, rather than for resale to others.

Accepted Answer

The answer of A ________ sells goods to consumers for...

Question 15

A _________ strategy is one that combines elements of both a push strategy and a pull strategy.

Accepted Answer

The answer of A _________ strategy is one that combines...

Question 16

The practice of sourcing goods and services domestically that were once purchased internationally is referred to as _________.

Accepted Answer

The answer of The practice of sourcing goods and services...

Question 17

A ________ occurs when a company does not have enough inventory available to fill an order.

Accepted Answer

The answer of A ________ occurs when a company does...

Question 18

In a push-pull strategy, the initial stages of the supply chain operate on a __________ system.

Accepted Answer

The answer of In a push-pull strategy, the initial stages...

Question 19

A ________ ________ is a legal obligation to buy a certain amount of product at a certain price from a supplier to be delivered at a specified date.

Accepted Answer

The answer of A ________ ________ is a legal obligation...

Question 20

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

Accepted Answer

The answer of The costs required to make or buy...

Quiz 10: Supply Chain and Logistics Management