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Supply chains delivering products or services are most able to respond quickly to changing market requirements when:
Supply chains delivering products or services are most able to respond quickly to changing market requirements when:A . products have been standardized.B . products have a modular design.C . production processes have been standardized.D . production processes have been simplified.View AnswerAnswer: B Explanation: Supply chains are more responsive to changing...
Using an independent service provider for logistics would be most appropriate in which of the following situations?
Using an independent service provider for logistics would be most appropriate in which of the following situations? A. A shoe company that wants to penetrate a foreign market B. A business that owns plants and warehouses globally C. A financial services company that wants to expand its services D. A...
Potential customers of a company's new product have tight tolerance requirements. The company plans to purchase a critical component.
Potential customers of a company's new product have tight tolerance requirements. The company plans to purchase a critical component. To meet customer requirements, the company should first: A. implement statistical process control for the component. B. bring manufacturing of the critical component in-house. C. develop an alternate source of supply....
Which of the following is the most important result when a company implements customer relationship management?
Which of the following is the most important result when a company implements customer relationship management? A. Profits are maximized. B. Retention of key customers is increased. C. Product options are increased. D. Transaction costs are decreased.View AnswerAnswer: B Explanation: Context: Customer relationship management (CRM) systems aim to manage a...
Which of the following scenarios represents a correct application of the Supply-Chain Operations Reference-model (SCOR)?
Which of the following scenarios represents a correct application of the Supply-Chain Operations Reference-model (SCOR)? A. Sales and marketing refers to SCOR to improve demand generation. B. Production and engineering uses SCOR best practices to design a new "make" process flow. C. Distribution and logistics selects suppliers from the SCOR...
A company manufactures special products for select customers. When demand for these products drops, the manufacturer can switch the production line to a commodity-type product that can be sold on the open market at reduced terms to generate cash.
A company manufactures special products for select customers. When demand for these products drops, the manufacturer can switch the production line to a commodity-type product that can be sold on the open market at reduced terms to generate cash. The company is executing a corporate strategy that is based on:A...
Keeping all other factors equal, a company typically will try to maintain higher service levels for products with:
Keeping all other factors equal, a company typically will try to maintain higher service levels for products with: A. wider variety. B. shorter lead time. C. higher profit margins. D. lower sales volumes.View AnswerAnswer: C Explanation: Context: Companies often prioritize service levels based on the profitability of their products. Options...
The primary reason for the evolution of the supply chain is:
The primary reason for the evolution of the supply chain is:A . fewer rejects due to poor quality.B . increased on-time delivery.C . increased cost savings.D . increased communication.View AnswerAnswer: D Explanation: The primary reason for the evolution of the supply chain is the enhancement of communication technologies and practices....
The probability of customer dissatisfaction is highest when which of the following conditions exists?
The probability of customer dissatisfaction is highest when which of the following conditions exists? A. Customer expectations are clearly defined. B. Supplier execution is too low. C. There is a gap between expected performance and perceived performance. D. There is a gap between what was indicated and what was accomplished.View...
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 Explanation: An increase in the...
