Question 1

Which supply chain management strategy is most appropriate when demand is unpredictable but supply lead times are short?

Accepted Answer

When demand is unpredictable and supply lead times are short, the most appropriate supply chain management strategy is Agile supply chain management. Agile supply chain management focuses on flexibility and responsiveness to unexpected changes in demand or supply. This approach involves close collaboration with suppliers, the ability to quickly shift production, and a focus on rapid delivery of products to customers. Lean supply chain management, on the other hand, is focused on reducing waste and improving efficiency, which may not be feasible when dealing with unpredictable demand. Reactive supply chain management is focused on responding to disruptions, which may not be effective in the long term. Proactive supply chain management involves anticipating and preparing for future demand, which may not be possible when demand is unpredictable. Leagile supply chain management combines aspects of both lean and agile approaches, but may not be the most appropriate when dealing with short supply lead times.

Question 2

The supply chain team does all of the following EXCEPT:

Accepted Answer

The supply chain team does all of these,but it does not provide financing for distributors.

Question 3

In which type of supply chain management strategy is postponement a common occurrence?

Accepted Answer

Postponement is the delay in final production in the Leagile supply chain management strategy that enables the company to take advantage of many of the benefits of lean supply chain management wile still providing the agility that improves customer experiences.

Question 4

Which supply chain management strategy is most appropriate when there exists a long lead time and unpredictable demand for a product?

Accepted Answer

The answer of Which supply chain management strategy is most...

Question 5

Returns average about _____ percent of sales in most cases.

Accepted Answer

Returns reach up to 40 percent of sales volume in certain industries such as apparel e-retailing,but in most cases returns average about 6 percent of sales.

Question 6

One-quarter of Ace's 60,000 SKUs are vendor-managed through software called the "Collaboration" program.This software allows certain vendors to go online to get information to build their forecasts.The result of this application is fewer shipments,fuller pallets,increased pallets per truck,and a reduction in freight.Collaboration is part of Ace's:

Accepted Answer

A logistical information system provides the technological link connecting all of the logistics components of the supply chain

Question 7

Which supply chain strategy allows the company to take advantage of many of the benefits of lean supply chain management while still providing the agility that makes customer experiences more desirable?

Accepted Answer

Leagile supply chain strategy is a strategy that combines the best elements of the lean and agile strategies for a particular product/market combination.

Question 8

Which of the following technology is an automatic identification method that works with scanned bar codes to identify products?

Accepted Answer

Radio-frequency identification (RFID)is an automatic identification method that uses radio signals that work with scanned bar codes to identify products.Data is stored in and retrieved from the RFID tag,which is attached to a product.

Question 9

The goal of most sourcing and procurement activities is to:

Accepted Answer

This is the goal of most sourcing and procurement activities.

Question 10

Which supply chain strategy focuses primarily on the ability of the firm to fulfill customer demand,even if this means somewhat higher costs?

Accepted Answer

This is the definition of agile supply chain management.

Question 11

Which of the following is a member of a supply chain team that moves just-picked cotton to finished clothing and then to the consumer of that clothing?

Accepted Answer

The supply chain team is composed of everyone who participates in the movement from raw material to consumer,including all external participants like ad agencies,transportation companies,and lending institutions.

Question 12

Which supply chain management strategy is most appropriate when aggregate customer demand is predictable?

Accepted Answer

When aggregate customer demand is predictable, the most appropriate supply chain management strategy is lean supply chain management. This strategy focuses on reducing waste, optimizing efficiency, and maintaining low inventory levels while meeting customer demand. With predictable demand, there is less need for agility and quick response times, making lean management the most effective approach.

Question 13

Three dimensions of supply chain networks are commonly considered by supply chain managers.They are the horizontal structure,the vertical structure,and the:

Accepted Answer

The answer of Three dimensions of supply chain networks are...

Question 14

The number of suppliers or customers included within each individual tier of a supply chain is the:

Accepted Answer

This defines vertical structure.

Question 15

Which of the following provides the technological link connecting all of the logistics components of the supply chain?

Accepted Answer

The components of the system include software for materials acquisition and handling,warehouse-management and enterprise-wide solutions,data storage and integration in data warehouses,and so on.

Question 16

Toyota uses a(n)_____ supply chain strategy for its Scion line of cars,in which a base model is produced in Japan,but with the addition of many customer options either at an operation near the port of Long Beach or at the dealer based on a customer's specific preferences.

Accepted Answer

Leagile supply chain strategy is a strategy that combines the best elements of the lean and agile strategies for a particular product/market combination.

Question 17

Which supply chain strategy embraces the removal of waste from the supply chain system in whatever form it may be found?

Accepted Answer

This is the definition of lean supply chain management.

Question 18

Arrow Electronics serves as a supply channel partner for more than 600 suppliers and 150,000 original equipment manufacturers,contract manufacturers,and commercial customers.Arrow works with its supply chain partners to eliminate waste in whatever form it may be found.Which of the following supply chain strategies has Arrow embraced in order to help its customers and suppliers?

Accepted Answer

Lean supply chain management embraces the removal of waste from the supply chain system in whatever form is may be found.

Question 19

Spanish clothing retailer Zara transfers twenty product lines a year from concept to shop floor in only four weeks because it is customer-focused,not supplier-focused.Zara is implementing which supply chain management strategy?

Accepted Answer

Agile supply chain management is concerned primarily with customer responsiveness and focuses primarily on the ability of the firm to fulfill demand in situations where customer wants and needs are not obvious.

Question 20

All of the following are logistics components of the supply chain EXCEPT:

Accepted Answer

The logistics function consists of several interrelated and integrated logistical components: sourcing and procurement of raw materials and supplies,production scheduling,order processing,inventory management and control,warehousing and materials-handling,and transportation.

Quiz 14: Supply Chain Management