Question 1

Currently there is no software that will aid in analyzing the present carbon footprint of firms.

Accepted Answer

There are many software available in the market to analyze the present carbon footprint of firms. Some popular ones include Carbon footprint calculator, Carbon accounting software, and EHS software.

Question 2

In general,firms aim toward achieving adequate performance and then continually improving on those measures.

Accepted Answer

False

Question 3

The Balanced Scorecard approach to performance measurement seeks in to improve managerial decision-making by aligning an organization's performance measures with its strategic plan and goals.

Accepted Answer

The statement accurately describes the purpose of the Balanced Scorecard approach to performance measurement.

Question 4

SCORmark allows Supply Chain Council (SCC)members to benchmark performance against selected peer companies using a benchmarking portal at SCC's website.

Accepted Answer

SCORmark is a benchmarking portal at SCC's website which allows members to benchmark performance against selected peer companies.

Question 5

Traditional performance measures tend to link current operating characteristics to long-term strategies and objectives.

Accepted Answer

Traditional performance measures often focus on short-term financial results rather than linking current operations to long-term strategies and objectives.

Question 6

One of the primary steps in developing world-class performance measures is to define a product's functions and attributes.

Accepted Answer

The answer of One of the primary steps in developing...

Question 7

While profit,revenue,and cost related metrics would seem to be useful in moving a company in the right direction,they often give no indication of the underlying causes of financial performance.

Accepted Answer

Profit, revenue, and cost metrics are only outputs of financial performance and do not provide information about the factors that led to them. To make informed business decisions, it is important to understand the root causes of financial performance, such as customer behavior, product quality, and market conditions.

Question 8

Supply chain perfect order fulfillment performance measures the average percentage of orders that are filled on or before the requested delivery date.

Accepted Answer

The answer of Supply chain perfect order fulfillment performance measures...

Question 9

Web-based balanced scorecard applications are sometimes referred to as performance dashboards.

Accepted Answer

This statement is true. Web-based balanced scorecard applications are often used as tools to monitor and display an organization's performance, and are commonly referred to as performance dashboards.

Question 10

With supply chains,performance measurement systems become smaller and less complicated due to varied relationships,trust and interactions.

Accepted Answer

Supply chains are complex and involve multiple stakeholders with varying objectives, making performance measurement systems more complicated and difficult to design and implement. Trust and interactions also play an important role, but they do not necessarily simplify the performance measurement process.

Question 11

A company has 5 employees that work an 8 hour shift.During those eight hours they make 80 units.The labor productivity would be 10.0.

Accepted Answer

The answer of A company has 5 employees that work...

Question 12

A current high stock price means the firm is performing well.

Accepted Answer

A high stock price can be influenced by many factors such as market speculation, investor sentiment, or industry trends, and does not necessarily reflect the firm's current performance or financial health.

Question 13

Supply chain cash-to-cash cycle time is a performance measure that provides the average number of days between selling the end product to the customer and receiving full payment for the goods.

Accepted Answer

The supply chain cash-to-cash cycle time measures the average number of days between paying for the materials used in a product and receiving payment for the end product sold to the customer.

Question 14

In general,performance measurements systems are identical from company to company.

Accepted Answer

Performance measurement systems vary from company to company based on their goals, objectives, industry, and organizational structure.

Question 15

A model used for integrating supply chains and measuring partner performance is the SCOR model which separates supply chain operations into four categories: Sourcing,Costs,Operations,and Returns.

Accepted Answer

The SCOR model stands for Supply Chain Operations Reference model, and it categorizes supply chain operations into five processes: Plan, Source, Make, Deliver, and Return, not Sourcing, Costs, Operations, and Returns.

Question 16

The Balanced Scorecard framework consists of four perspectives: financial perspective,human resources perspective,inventory perspective,and the logistics perspective.

Accepted Answer

The Balanced Scorecard framework consists of four perspectives: financial perspective, customer perspective, internal processes perspective, and learning and growth perspective.

Question 17

Using cost as a departmental or business unit performance measure can actually result in actions that raise costs for the organization.

Accepted Answer

When cost is the only performance measure, departments or business units may focus solely on reducing their own costs, even if it means increasing costs for other areas of the organization. This can result in actions such as cutting quality, reducing customer service, or delaying investments in technology or employee training, which may ultimately lead to higher costs for the organization as a whole.

Question 18

Supply chain strategies must consider the trade-offs between the cost,quality,sustainability,and service requirements.

Accepted Answer

Supply chain strategies must balance the considerations of cost, quality, sustainability, and service to optimize overall performance.

Question 19

To control and enhance the capabilities of companies across the supply chain,well-designed performance measurement systems must be implemented.

Accepted Answer

Well-designed performance measurement systems are crucial for companies to monitor and improve their performance across the supply chain. Without effective performance measurement, it would be difficult for companies to identify areas for improvement and monitor their progress towards achieving their goals.

Question 20

Some researchers have indicated that the Balanced Scorecard approach can problematic and costly to implement,and even after implementation may be unsuccessful in achieving the overall objectives.

Accepted Answer

While the Balanced Scorecard approach has been successful for many organizations, some researchers have found that it can be challenging and expensive to implement, and there is no guarantee of success in achieving overall objectives.

Quiz 14: Performance Measurement Along the Supply Chain