Question 1

The following supply chain security activities,creating a director of security position,hiring personnel with military and/or government experience,and performing a formal security risk assessment,would be classified as:

Accepted Answer

These activities are classified as proactive initiatives, as they involve anticipating and preventing potential security issues in the supply chain rather than reacting to them after they occur. Creating a director of security position, hiring personnel with military and/or government experience, and performing a formal security risk assessment all demonstrate a focus on being proactive and preventing security breaches.

Question 2

Due to supply rationing,a buyer is being allotted 90% of her total orders.As a result,the buyer inflates her subsequent orders in an attempt to meet her real needs for demand.This strategy is known as:

Accepted Answer

The strategy of inflating subsequent orders in an attempt to meet real demand needs due to supply rationing is known as shortage gaming. Option A, stockpiling, refers to the act of accumulating excess inventory to guard against future shortages. Option B, bullwhip ordering, refers to the phenomenon where small fluctuations in demand at the retail level can cause significant fluctuations in demand further up the supply chain. Option C, order fulfillment, refers to the process of fulfilling customer orders in a timely and accurate manner.

Question 3

According to the text,one of the biggest problems facing global supply chains is:

Accepted Answer

The answer of According to the text,one of the biggest...

Question 4

Price fluctuations that are the result of special product promotions,quantity discounts,and other special pricing discounts by suppliers result in:

Accepted Answer

Forward buying is the practice of purchasing inventory in advance of when it is actually needed, in order to take advantage of a discount or promotional price. This is often done in response to price fluctuations resulting from special product promotions, quantity discounts, and other special pricing discounts offered by suppliers. The goal of forward buying is to obtain inventory at a lower cost, with the intention of selling it later at a higher price.

Question 5

Which of the following would be considered a Supply Chain Risk Management activity?

Accepted Answer

All of these options would be considered Supply Chain Risk Management activities. 
- Increasing safety stock helps to mitigate the risk of stockouts or delays in receiving necessary materials.
- Diversifying the supply base reduces the risk of disruption from a single supplier issue or event. 
- Utilizing a supply chain IT system can help improve visibility and coordination in the supply chain, which can help identify and mitigate risks.

Quiz 13: Supply Chain Process Integration

The following supply chain security activities,creating a director of security position,hiring personnel with military and/or government experience,and performing a formal security risk assessment,would be classified as:

Due to supply rationing,a buyer is being allotted 90% of her total orders.As a result,the buyer inflates her subsequent orders in an attempt to meet her real needs for demand.This strategy is known as:

According to the text,one of the biggest problems facing global supply chains is:

Price fluctuations that are the result of special product promotions,quantity discounts,and other special pricing discounts by suppliers result in:

Which of the following would be considered a Supply Chain Risk Management activity?