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The purpose of continuous improvement in the supply chain is to:
The purpose of continuous improvement in the supply chain is to:A . eliminate the root causes of problems.B . improve interorganizational communication.C . develop better written procedures.D . reduce product costs.View AnswerAnswer: A Explanation: Continuous improvement in the supply chain focuses on eliminating the root causes of problems. This proactive...
The value that logistics provides within the supply chain can best be summarized as:
The value that logistics provides within the supply chain can best be summarized as: A. satisfying customer expectations about availability and delivery at an acceptable total cost. B. meeting promised location and on-time delivery goals with minimal use of expediting. C. establishing inventory and delivery goals with various customers that...
Which of the following tools is most appropriate to employ to improve profitability?
A firm supplies a single line of products to consumers using retail stores and on-line sales, distributors, and wholesalers. Currently the firm has common pricing and response times for sales in each sales channel. Which of the following tools is most appropriate to employ to improve profitability? A. Customer segmentation...
The focus of collaborative supply chain management differs from a transactional approach by its emphasis on the:
The focus of collaborative supply chain management differs from a transactional approach by its emphasis on the:A . transportation of goods to the next link in the chain.B . flow of product information up to the next level of the chain.C . flow of demand information and cash up the...
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 Explanation: A supplier alliance agreement and a blanket purchase...
Which of the following phrases most accurately describes the complete flow of demand information?
The question below is based on the following flowchart: Which of the following phrases most accurately describes the complete flow of demand information?A . From supplier to customerB . From customer to manufacturerC . From customer to supplierD . From supplier to manufacturerView AnswerAnswer: C Explanation: The flow of demand...
The globalization of a supply chain typically increases uncertainty and:
The globalization of a supply chain typically increases uncertainty and:A . production lead time.B . local competition.C . documentation complexity.D . product standardization.View AnswerAnswer: A Explanation: The globalization of a supply chain typically increases uncertainty and production lead time. When a supply chain becomes global, it involves longer distances, multiple...
Which of the following corporate strategies is most consistent with a flexible supply chain strategy?
Which of the following corporate strategies is most consistent with a flexible supply chain strategy?A . Being the low-price leaderB . Providing the highest-quality serviceC . Providing mature products with stable salesD . Emphasizing the quality of the productView AnswerAnswer: B Explanation: A flexible supply chain strategy is designed to...
Which of the following factors typically is the most significant impediment to implementing collaborative commerce?
Which of the following factors typically is the most significant impediment to implementing collaborative commerce? A. Technology barriers B. Security C. Corporate culture D. Return on investment (ROI)View AnswerAnswer: C Explanation: Corporate culture is often the most significant impediment to implementing collaborative commerce. Collaborative commerce involves different organizations working closely...
Which of the following levels in a supply chain network represents the most upstream external activity?
Which of the following levels in a supply chain network represents the most upstream external activity?A . Supplier to contractorB . Manufacturing to supplierC . Customer to distributionD . Customer to contractorView AnswerAnswer: A Explanation: In a supply chain network, the levels can be categorized into various stages, from raw...
