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The primary reason for a firm to pursue strategic supply chain activities is to:
The primary reason for a firm to pursue strategic supply chain activities is to:A . gain competitive advantage. B. reduce costs. C. increase productivity. D. decrease product lead time.View AnswerAnswer: A
A product design that can be produced to requirements even when conditions in the production process are unfavorable typically is known as what type of design?
A product design that can be produced to requirements even when conditions in the production process are unfavorable typically is known as what type of design?A . Universal B. Computer-aided C. Modular D. RobustView AnswerAnswer: D
The use of a seasonal index as a forecasting technique measures the ratio of the:
The use of a seasonal index as a forecasting technique measures the ratio of the:A . average seasonal demand to the average demand for all periods. B. average demand for all periods to the average seasonal demand. C. average seasonal demand to the standard deviation of the demand for all...
Compared to a blanket purchase order, a supplier alliance agreement is best differentiated by:
Compared to a blanket purchase order, a supplier alliance agreement is best differentiated by:A . efficient material replenishment processes. B. clearly identified roles for the buyer and seller. C. a shared vision of added value. D. a sole-source agreement.View AnswerAnswer: C
Managing supply chain risks includes which of the following activities?
Managing supply chain risks includes which of the following activities?A . Developing alternatives to key suppliers B. Setting aside funds for disruption-recovery efforts C. Charging each supply chain partner a portion of risk cost D. Creating extra inventory to cover disruptions in the supply chainView AnswerAnswer: A
Which of the following indicators is most appropriate to use as a measure of supply chain utilization?
Which of the following indicators is most appropriate to use as a measure of supply chain utilization?A . Production equipment productivity B. Net asset turnover C. Value-added productivity per employee D. Upside flexibilityView AnswerAnswer: B
An increase in the inventory turnover rate for a supply chain typically would indicate that there has been a reduction in:
An increase in the inventory turnover rate for a supply chain typically would indicate that there has been a reduction in:A . prices to the end user. B. supply chain cost of sales. C. the manufacturer's inventory. D. the total supply chain inventory.View AnswerAnswer: D
When designing a supply chain for strategic advantage, a company first should consider:
When designing a supply chain for strategic advantage, a company first should consider:A . the impact on customers using Just-in-Time manufacturing. B. the financial stability of suppliers. C. matching the supply chain to product type. D. whether to use custom or standard parts.View AnswerAnswer: C
Maintaining a long-term collaborative relationship with a trading partner requires:
Maintaining a long-term collaborative relationship with a trading partner requires:A . formal and informal communication. B. interconnected information systems. C. one partner regularly exercising power. D. standardized terms of agreement.View AnswerAnswer: A
A media company offers a majority of its movies through a specific distributor. The media company is beginning to produce content for a new foreign market to which the distributor has exclusive access.
A media company offers a majority of its movies through a specific distributor. The media company is beginning to produce content for a new foreign market to which the distributor has exclusive access. To maximize savings and gain entry to this new market, the media company should:A . create a...
