 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 Which concept refers to the situation in which one organization owns multiple participants in the supply chain?Horizontal integration refers to where one organization owns multiple participants in a supply chain.
What concept refers to the variability in demand orders among supply chain participants quizlet?Bullwhip effect. Characterized by variability in demand orders among supply chain participants.
What is the concept of supply chain?A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
What are the 4 attributes of supply chain?Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.
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Which concept refers to where one organization owns multiple participants in the supply chain?
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