Chapter 10 Extension- ISBC
The ________ is a factor of information that can be transactional, such as orders and order returns, or it can be informational, such as the sharing of inventory and customer order data.
purpose
Which of the following is an example of inventory?
raw materials
Which of the following is an effect of information systems on supply chain performance
reduced costs of buying and selling
The ________ is used as the measure of supply chain speed
dollar value of goods exchanged in a given period of time
The bullwhip effect can be eliminated by planning inventory based on each organization up the supply chain.
FALSE
Which of the following refers to the way organizations share their information?
availability
The phenomenon in which the variability in the size and timing of orders increases at each stage up the supply chain is referred to as the ________.
bullwhip effect
The major factors that affect supply chain performance are the ________.
facilities
) Information systems have enabled suppliers to increase the size of their inventories
false
Decreasing the size of an inventory decreases the odds that an item will be unavailable for purchase
false
Each level of a supply chain has a distinct source of revenue.
false
Every supply chain has four basic components: suppliers, manufacturers, distributors, and retailers.
false
Increasing the size of an inventory reduces the cost of the inventory.
false
Profitability of a supply chain increases if all the organizations in the supply chain operate at their maximum profitability.
false
The cloud has increased the costs of integrating an organization's information systems.
false
The large fluctuations of bullwhip effect force organizations to stock fewer inventories than needed.
false
Which of the following factors influences supply chain performance by affecting the ways that organizations in the supply chain request, respond, and update one another?
information
Which of the following statements is true about the bullwhip effect?
it is a natural dynamic that occurs because of the multistage nature of the supply chain
Which of the following statements is true about an inter-enterprise system?
it is shared by two or more independent organizations
Which of the following statements about inventory is true?
managing an inventory requires balancing between availability and cost
In a supply chain, distributors order products from ________.
manufacturers
________ refers to the methods by which information is transmitted.
means
Which of the following statements about supply chains is true?
not every supply chain has distributors and retailers
Because of the nature of the bullwhip effect, ________ face maximum variation in demand.
suppliers
Which of the following refers to a network of organizations and facilities that transforms raw materials into products delivered to customers?
supply chain
________ is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organizations in the supply chain incur to obtain that revenue.
supply chain profitability
) The bullwhip effect explains the amplification of demand at various stages of a supply chain
true
As a factor affecting supply chain performance, facilities concern the location and operations methodology of the places where products are fabricated or stored.
true
At each level of a supply chain, an organization can work with many organizations both up and down the supply chain
true
Each organization in a supply chain is an independent company, with its own objectives
true
Inter-enterprise information systems are necessary to share consumer-demand information.
true
Inter-enterprise information systems vary in scope and complexity.
true
The Automated Clearing House system among banks is an example of an inter-enterprise system
true
The presence of information systems has expanded supply chain speed.
true
True demand is the demand from the only party that introduces money into the system
true
