 Show CHAPTER 5: THE SUPPLY CHAIN MANAGEMENT CONCEPT Exercises I Multiple Choice Questions 1. Which organizational function is not a focus of the Supply Chain Operations Reference(SCOR) model? a. marketing b. logistics c. operations d. procurement e. all of the above are a focus in the SCOR Model 2. Which of the following is not one of the processes in the Supply Chain Operations Reference (SCOR) model? a. source b. plan c. make d. enable e. all of the above are processes in the SCOR Model 3. The current Global Supply Chain Forum (GSCF) model c. an order that arrives undamaged d. an order that is easy for the receiver to fill 8. refers to focusing part of one’s supply chain on a timely response to fluctuating customer orders and/or product variety and another part of the supply chain on leveling out the planning requirements to smooth production output. a. supply chain management b. flexibility c. responsiveness d. leagility 9. What concept refers to the variability in demand orders among supply chain participants? a. min-max fluctuation b. the bullwhip effect c. order fluctuation d. the boomerang effect 10. Which of the following is not a way to reduce inventory levels? a. smaller, more frequent orders identifies key processes associated with supply b. use of premium transportation chain management. a. five b. six c. seven d. eight 4. Contemporary supply chains are increasingly required to be fast and . a. lean b. agile c. interactive d. relevant 5. An organization’s ability to respond to changes in demand with respect to volume and variety refers to . a. responsiveness b. leanness c. agility d. relevancy 6. Which of the following is not a potential outcome from a supply chain’s failure to be fast and agile? a. dissatisfied customers b. reduced profitability c. decreased market share d. lower stock price e. all of the above are potential outcomes 7. What is a perfect order? a. simultaneous achievement of relevant customer metrics b. an order that arrives on time c. supply-push replenishment d. elimination of slower-moving products e. all of the above are ways to reduce inventory levels 11. Which of the following is not an attribute of relational exchanges? a. trust b. commitment c. dependence d. joint investment e. all of the above are attributes of relational exchanges 12. Cooperative supply chain relationships developed to enhance the overall business performance of both parties is a definition of: a. third-party logistics b. supply chain collaboration c. dovetailing d. relationship marketing 13. Tailored business relationships between two supply chain members refer to: a. supply chain partnership b. supply chain management c. coopetition d. tailored logistics 14. Which of the following are not an attribute of supply chain partnerships? a. mutual trust b. increased willingness to share information c. buying decisions based on value as opposed to cost What causes the bullwhip effect in supply chain?The bullwhip effect often occurs when retailers become highly reactive to demand, and in turn, amplify expectations around it, which causes a domino effect along the supply chain. Suppose, for example, a retailer typically keeps 100 six-packs of one soda brand in stock.
What is a key cause of the bullwhip effect?One of the most common causes of the bullwhip effect is a lack of communication both internally and along the supply chain. Sharing information regarding shifts in demand, issues with production, and upcoming sales are key in avoiding issues.
What are the four main causes of bullwhip?(1997) discussed four possible causes of the bullwhip effect: demand forecast updating, order batching, price fluctuation, and rationing and shortage gaming.
What causes the bullwhip effect quizlet?The causes of the bullwhip effect are demand forecast updating, order batching, price fluctuations, and rationing and shortage gaming.
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One cause of the bullwhip effect is asymmetrical information among supply chain participants.
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