Question 1

Increasing global __________ is a major factor driving the need to better manage the supply chain.

Accepted Answer

The answer of Increasing global __________ is a major factor...

Question 2

Enterprise resource planning systems are designed to collect and interpret customer-based data.

Accepted Answer

While enterprise resource planning (ERP) systems may collect some customer data such as sales data and customer orders, their main purpose is to manage internal business processes such as financials, procurement, inventory management, and production planning. Customer relationship management (CRM) systems, on the other hand, are designed specifically to collect and interpret customer-based data.

Question 3

Logistics includes the responsibility for acquiring the goods and services the organization needs,by any means.

Accepted Answer

The answer of Logistics includes the responsibility for acquiring the...

Question 4

Some outputs such as dams,roads,buildings and bridges may be relatively __________.

Accepted Answer

The answer of Some outputs such as dams,roads,buildings and bridges...

Question 5

Some benefits of electronic data interchange include less redundancy,improved customer service,and better order tracing.

Accepted Answer

Electronic data interchange streamlines communication between businesses and eliminates the need for duplicate data entry, leading to less redundancy. It also facilitates faster and more accurate order processing, improving customer service, and allows for easier tracking of orders, improving order tracing.

Question 6

Air transport can significantly reduce inventory and warehousing costs,as well as improve customer service.

Accepted Answer

Air transport allows for faster delivery times and can reduce the need for warehousing and inventory storage, resulting in cost savings for businesses. Additionally, the faster delivery can improve customer service by reducing lead times and providing more timely delivery.

Question 7

To ensure that contracted supplies will be available when needed,organizations periodically conduct supplier __________ of their vendors,checking for potential production or delivery problems,quality assurance,design,improvement procedures and corrective actions.

Accepted Answer

The answer of To ensure that contracted supplies will be...

Question 8

Under sole-sourcing arrangements,customers involve suppliers from the design stage,asking for larger deliveries of higher quality items in large batches that enable greater savings.

Accepted Answer

Sole-sourcing arrangements typically involve a single supplier for a particular component or service, but the description of involving suppliers from the design stage and asking for larger deliveries of higher quality items in large batches for greater savings more accurately describes strategic sourcing or supplier integration strategies, not solely sole-sourcing.

Question 9

Risk costs include interest on money invested in inventory and in the land,buildings,and equipment necessary to hold and maintain the inventory.

Accepted Answer

The answer of Risk costs include interest on money invested...

Question 10

Intranets are private networks to allow the organization to securely interact with external parties.

Accepted Answer

Intranets are private networks that are used internally within an organization to facilitate communication and collaboration among its members. They are not designed to interact with external parties, but rather to keep company information secure and within the confines of the organization.

Quiz 7: Supply Chain Management