 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 are the three 3 components that needs to be manage in supply chains?Generally the key aspects of Supply Chain management are Purchasing (sourcing), Planning (scheduling) and Logistics (delivery).
What is supply chain in enterprise?A supply chain is a network of companies and people that are involved in the production and delivery of a product or service. The components of a supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers.
What are some of the reasons for adopting supply chain management systems?Important benefits of supply chain management. Better collaboration with suppliers.. Better quality control.. Shipping optimisation.. Reduced inventory and overhead costs.. Improved risk mitigation.. Stronger cash flow.. A more agile business.. Better visibility and data analytics.. What are the importance of supply chain management systems for an enterprise?The ultimate goal of effective supply chain management is higher profits through improved customer satisfaction and a lower cost of doing business. Profits are healthier when costs are controlled and reduced wherever possible. Operating costs go down when the costs of raw materials and production go down.
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Supply chain management requires companies to adopt an enterprise-to-enterprise point of view.
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