Exam 1

¡Supera tus tareas y exámenes ahora con Quizwiz!

SRM software should be capable of: Automating transactional processes Making information flow between partners more visible Integration of the supply chain making it possible to monitor multiple departments and processes both internally and externally

All of these

​Which of the following can be classified as a 3PL? ​A company that offers warehousing services ​A company that offers transportation services ​A company that offers customs clearing services

All of these

​The following supply chain concept was introduced in the 1990's in an attempt to reduce waste and increase performance:

Business Process Reengineering

The Total Cost of Ownership Concept does NOT include quantitative factors.

False

The possibility of events like strikes, assembly line breakdowns, and natural disasters are all reasons a company should favor using a single supplier.

False

Trends in supply chain management include expansion of the supply chain and decreasing supply chain visibility.

False

​The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the manufacturer of the defect.

False

Which of the following is a current trend in supply chain management?

Greening of Supply Chains

According to the text, key ingredients for developing successful supply partnerships include all of the following EXCEPT: Personal relationships Individualized objectives Mutual benefits and needs Performance metrics

Individualized Objectives

A _____ is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products, services, finances, and information from a source to a customer.​

Supply Chain

Which of the following is a reason to make a product within a firm? A firm has insufficient capacity There are a number of competent suppliers available to produce the desired product To protect proprietary property or technology A supplier can produce the good less expensively than the buying firm

To protect proprietary property or technology

Distribution is one of the foundations of supply chain management. Which of the following belongs to Distribution?

Transportation Management

Decentralized purchasing is the practice where individual, local purchasing departments throughout a single corporation make their own, individual purchasing decisions to fulfill their individual local needs.

True

Key activities of supply management include negotiations, logistics, contract development and administration, inventory control and management, and supplier management.

True

​Generally, firms outsource noncore activities while focusing on core competencies.

True

​One definition of supply chain management is "The planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activity."

True

​Reasons for buying items instead of making them can include cost advantage, insufficient capacity, lack of expertise, and quality.

True

​Reverse logistics activities include the return of defective and damaged items to the manufacturer, and the recycling of used packaging.

True

​The assembly or production of finished products, producing the right amount of product, and ensuring that finished products meet specific quality, cost, and customer service requirements can all be considered elements of operations.

True

​The purchase order is NOT a legally binding contract until it is accepted by the supplier.

True


Conjuntos de estudio relacionados

System Of Equations Review / Project

View Set

3rd semester: 1st test practice questions

View Set

Cell Bio Lecture 14: Membrane Proteins

View Set

EOC Milestone practice 9th grade biology Pt.1

View Set

MCAT-PREP GS-2 (Shortened) - Questions I missed/need to review

View Set

QBank Questions: Course 102 Ch: 4

View Set

Conjugaison SE LAVER, SE LEVER, S'HABILLER et S'APPELER

View Set