Most retailers are essentially supply chain companies since

They buy products produced by others.

One of the major challenges of supply chain management is

Maintaining the visibility of inventory.

A critical outcome of the supply chain is to deliver ...

The right product to the right place.

Supply chains create value by

increasing profitability and return to shareholders

CEOs view SCM initiatives

Being primarily focused on cost reduction

Obtaining materials, parts, and products from othercompanies.

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TOPIC 1: AN OVERVIEW OF LSCM

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Questions 14

Answers

1
Predictably, social networks will influence SCs as their impact on customer demand & speed of information tranfers
True
False
2
Most retailers are essentially supply chain companies since
Own their warehouses and trucks.
They dominate the consumer market.
Engage in off-shore sourcing.
They buy products produced by others.
3
One of the major challenges of supply chain management is
Pushing inventory back to vendors.
Building safety-stock inventory.
Maintaining the visibility of inventory.
Forward buying.
4
A critical outcome of the supply chain is to deliver ...
On management’s expectations.
Cost/value.
The right product to the right place.
Profits
5
As the dollar value of a product decreases, its inventory value decreases.
False
True
6
Traditionally, information has been viewed as flowing in the opposite direction of products, customers ---> suppliers
None of these answers
Computerization greatly increased the flow of information from the source
The “Big Box” stores have developed their own sources.
This is still true and has not changed.
7
Economic deregulation sparked competition among carriers in areas. Which of these is not an --- area of competition?
accessibility
services
pricing
performance
8
What are the main factors that are changing modern supply chains?
Technology
All are correct
Terrorism
Globalisation
9
Supply chains create value by
increasing profitability and return to shareholders
providing multiple variants of products for customers
making transaction processing more efficient
developing more accurate forecasts
10
Providing consumers with a selection of the same basic shirt is example of which force shaping the economic landscape
globalization
the empowered consumer
technology
organizational consolidation
11
CEOs view SCM initiatives
as an area which can be left to second tier executives
being more of a financial concern
Being primarily focused on cost reduction
being primarily focused on top line growth
12
The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses.
True
False
13
Complexity in the supply chain is caused by
The number of SKUs.
All of the answers are correct
Locations of customers and suppliers.
Transportation requirements.
14
Outsourcing involves
Moving company facilities away from the home office.
Obtaining materials, parts, and products from othercompanies.
Hiring foreign nationals to manage parts of thebusiness.
Building a factory in another country.

TOPIC 1: AN OVERVIEW OF LSCM Flashcards | StudBud