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Exam 1: Introduction to Supply Chain Management

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Question 21

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The following supply chain concept was introduced in the 1990's in an attempt to reduce waste and increase performance:

A) Business Process Reengineering
B) Offshoring
C) Vertical Integration
D) Material Requirement Planning

E) C) and D)
F) B) and C)

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Question 22

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Right-shoring refers to:

A) An expansion of the supply chain
B) Contraction activities within the supply chain
C) An increase in the responsiveness of the supply chain
D) A decrease in the responsiveness of the supply chain

E) None of the above
F) A) and B)

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Question 23

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A certain supply chain is made up of 1) Raw Materials Supplier 2) Components Manufacturer 3) A firm that manufacturers Sub-assemblies 4) End Item Manufacturer 5) Wholesale Distributor 6) Local Retail Chain Warehouse Who is considered the End Item Manufacturer's second tier supplier?

According to the textbook,third-party logistics providers (3LPs)do not offer assistance with helping products clear customs.

Which of the following is strategy usually employed by lean organizations in an effort to ensure continued quality compliance among suppliers and with internal production facilities?

The term Supply Chain Management and the field of study it represents today seems to have emerged in the:

Starbucks sells coffee and other items and consumables through their tens of thousands of worldwide outlets.Starbucks must satisfy their worldwide clientele with premium quality beverages,foods,and products that are representative of the Starbucks name and image. Answer the following questions in an effort to describe the importance of Starbucks effectively and efficiently managing their worldwide supply chain. 1.What are the expectations of Starbucks' customers in terms of Starbucks' coffee beverages? 2.What should be the primary goals of Starbucks' coffee bean supply chain if they plan to be a customer focused organization? 3.How does purchasing help Starbucks achieve their supply chain goals? 4.How do the operations elements of Starbucks' supply chain aid in achieving their supply chain goals? 5.How does logistics aid in Starbucks achieving their supply chain goals? 6.Why is effective integration required for Starbucks to achieve their goals?

According to the textbook,supply chains include raw material suppliers,intermediate component manufacturers,end-product manufacturers,wholesale distributors,and retailers.

Transportation management,customer relationship management,network design,and service response logistics are all important issues that are most closely related to:

The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the manufacturer of the defect.

Which of the following is a system that aids in controlling inventory?

According to the textbook,a supply chain's end customers are the only true source of income for all supply chain organizations.

The following is an example of the bullwhip effect:

Assembly or production of finished products,producing the right amount of product,and ensuring that finished products meet specific quality,cost,and customer service requirements are all important issues that are most closely related to:

According to the textbook,the keys to successful supply chain management include trust and honest,accurate communications between supply chain partners.

Which of the following was a popular way in the 1990's of developing radically new business processes in an effort to reduce waste and increase performance?

Trends in supply chain management include increasing supply chain responsiveness and considering the negative environmental impacts of supply chains.

Discuss the differences between supply chain partnerships of the past and those that have developed today.

Lean production is typically associated with which of the following company's production systems?

Explain the concept of 'value-enhancing benefits' by giving THREE examples of benefits that may be realized by a firm that successfully manages its supply chain.