What does the operational level of supply chain management involve?

Demand planning and daily scheduling

Why might a company outsource a difficult-to-manage function?

Because of risk-sharing with providers

Assigning internal tasks to outside providers

At the strategic level, supply chain management focuses on:

Strategic partnerships and network optimization

Which of the following is a tactical decision in supply chain management?

Inventory location and quantity

What benefit does outsourcing bring in relation to capital?

Makes capital available for other purposes

Which is a key benefit of outsourcing IT or legal services?

Specialization and world-class capabilities

What does a supply chain encompass?

All stages involved in fulfilling a customer request

Which of the following is a common reason for outsourcing?

To save money through lower costs

Which of these is a disadvantage of outsourcing?

Legal compliance and security issues

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Supply Chain and Outsourcing

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Questions 20

Answers

1
What does the operational level of supply chain management involve?
Demand planning and daily scheduling
Lifecycle product integration
Developing sourcing contracts
Strategic network optimization
2
Which of the following is NOT a supply chain decision phase?
Supply chain strategy/design
Supply chain auditing
Supply chain operation
Supply chain planning
3
What is the primary objective of a supply chain?
Maximize the value generated
Increase the number of suppliers
Minimize transportation time
Maximize production volume
4
The opposite of outsourcing is known as:
Vertical integration
Supply chain integration
Horizontal diversification
Contractual expansion
5
Which of the following is a financially-driven reason to outsource?
Obtain a cash infusion
Improve focus
Train internal staff
Increase employee satisfaction
6
Why might a company outsource a difficult-to-manage function?
Due to internal politics
Because of risk-sharing with providers
To eliminate all internal knowledge
To access better pricing only
7
Which flows are part of the supply chain?
Legal and ethical flows
Social and cultural flows
Physical and information flows
Economic and political flows
8
What is outsourcing?
Replacing workers with automation
Assigning internal tasks to outside providers
Merging departments internally
Buying shares in another company
9
At the strategic level, supply chain management focuses on:
Demand forecasting
Production scheduling
Daily inventory tracking
Strategic partnerships and network optimization
10
Which of the following is a tactical decision in supply chain management?
Daily production planning
Receiving inventory from suppliers
Customer service scheduling
Inventory location and quantity
11
What benefit does outsourcing bring in relation to capital?
Guarantees profit from investment
Reduces capital for new projects
Makes capital available for other purposes
Prevents capital investment
12
Which is a key benefit of outsourcing IT or legal services?
Increased labor union involvement
Direct control over employees
Specialization and world-class capabilities
Complete elimination of service risks
13
What is typically the first step in the outsourcing process?
Strategic thinking
Governance
Contract development
Evaluation and selection
14
Which of these functions is NOT commonly outsourced?
Payroll services
Web design
Technical support
Core strategic planning
15
What does a supply chain encompass?
Only warehouses and retailers
All stages involved in fulfilling a customer request
Only customers and logistics providers
Only suppliers and manufacturers
16
Which issue is NOT typically addressed by supply chain management?
Distribution network configuration
Cash-flow
Inventory management
Marketing campaign management
17
Which of the following is NOT listed as a key business process in supply chain management?
Product development and commercialization
Procurement
Human resource planning
Warehousing management
18
What is logistics primarily concerned with?
Increasing customer demand
Managing the flow of resources
Integrating financial statements
Reducing inventory levels
19
Which of the following is a common reason for outsourcing?
To increase employee count
To save money through lower costs
To reduce product range
To eliminate logistics processes
20
Which of these is a disadvantage of outsourcing?
Freeing up internal resources
Reduced and controlled costs
Legal compliance and security issues
Access to world-class capabilities

Supply Chain and Outsourcing Flashcards | StudBud