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Which of the following results can be expected from sharing a common understanding of demand and consumption patterns among supply chain participants?
Which of the following results can be expected from sharing a common understanding of demand and consumption patterns among supply chain participants? A. Improved transparency of collaboration relationships B. Increased performance in balanced scorecard C. Reduced inventory levels for key items D. Better synchronization of planning and operationsView AnswerAnswer: D...
When doing international business, a company's total line-haul costs will vary with the:
When doing international business, a company's total line-haul costs will vary with the: A. weight shipped. B. distance shipped. C. pallets shipped. D. volume shipped.View AnswerAnswer: B Explanation: In international business, a company's total line-haul costs will vary with the distance shipped. Line-haul costs refer to the expenses associated with...
Benchmarking a firm's performance against industry competitors is most valuable because it can reveal:
Benchmarking a firm's performance against industry competitors is most valuable because it can reveal:A . a competitor's manufacturing processes.B . a firm's leadership ranking relative to industry peers.C . which processes require improvement.D . that no further improvement is possible.View AnswerAnswer: C Explanation: Benchmarking a firm's performance against industry competitors...
The social dimension of sustainability typically would be addressed when developing and implementing policies regarding:
The social dimension of sustainability typically would be addressed when developing and implementing policies regarding:A . accounting practices.B . biodiversity protection.C . conflicts of interest.D . waste reduction.View AnswerAnswer: C Explanation: The social dimension of sustainability focuses on aspects that impact people and society. When developing and implementing policies, addressing...
Which of the following benefits of supplier relationship management typically results from collaboration with a few critical suppliers?
Which of the following benefits of supplier relationship management typically results from collaboration with a few critical suppliers?A . Automation of supplier sales activitiesB . Elimination of formal contractsC . Reduction in customer and supplier inventoriesD . Standardization of communicationsView AnswerAnswer: C Explanation: Supplier relationship management (SRM) emphasizes collaboration with...
The most important challenge to consider when sourcing globally is:
The most important challenge to consider when sourcing globally is:A . the identification of sources capable of producing the materials.B . the availability of low-cost labor and energy.C . complying with specific import/export issues.D . balancing the difference between piece price and total cost.View AnswerAnswer: D Explanation: When sourcing globally,...
A company’s decision to charge different prices for the same service sold in different market segments is most likely based on which of the following metrics?
A company’s decision to charge different prices for the same service sold in different market segments is most likely based on which of the following metrics? A. Internal rate of return (IRR) B. Lifetime customer value (LCV) C. Net present value (NPV) D. Return on investment (ROI)View AnswerAnswer: B Explanation:...
Compared to mass-media marketing, customer relationship management has the advantage of allowing the organization to:
Compared to mass-media marketing, customer relationship management has the advantage of allowing the organization to: A. compete for customers based on service. B. reach a larger number of potential customers. C. reduce inventory to improve cash flow. D. focus on attracting new customers.View AnswerAnswer: A Explanation: Customer relationship management (CRM)...
Which of the following situations is an example of inventory being held as a way to balance supply and demand?
Which of the following situations is an example of inventory being held as a way to balance supply and demand?A . A manufacturer holds inventory of key components to maintain a level production schedule.B . A manufacturer of seasonal products builds finished-goods inventory before the peak selling period.C . A...
Which of the following strategies can be used to help manage global risks?
Which of the following strategies can be used to help manage global risks?A . Direct shipmentB . Cross-dockingC . Mass customizationD . FlexibilityView AnswerAnswer: D Explanation: Managing global risks requires strategies that allow a supply chain to adapt quickly to unexpected changes or disruptions. Flexibility in the supply chain can...
