Quizzes
According to Lee, Padmanabhan and Wang, which of the following is NOT a reason for order batches
use of third-party logistics companies
According to the Slone Article, is a concept that seeks to explain how certain high volume stock-keeping units should never be out of stock.
"Plan to sell/Build to order"
Based on the Slone Article, match the terms and acronyms mentioned on the left with its definition on the right: CPFR- S&OP- Nemawashi- Delivery with integrity-
-Is used to share forecasts usually between trade partners without sharing sensitive data. -Used to pull together information from long and short-term perspectives within several departments to produce forecasts. -Literally means "root-binding" -The ability to get a product to the consumer fast is important but not as important as your ability to get the product there when the company says they would.
In order to assess the effect of product life cycles on the appropriate supply chain strategy, we need to understand how the demand for a product and the importance of economies of scale change over the life cycle of the product. A typical product life cycle has several stages. Consider a new car design. Initially, the car is introduced with a single choice for engine size, and in a limited number of colors because the car manufacturer is not certain whether the car will be accepted in the market. In other words, in this early stage of the product life cycle, demand is highly variable, and economies of scale are not important. This implies that: -a pull strategy is appropriate, and -an efficient supply chain is required -a push strategy is appropriate, and -a responsive supply chain is required
-a pull strategy is appropriate -a responsive supply chain is required
Based on the lecture on logistics and supply chain information systems, match the following: Connectivity- Visibility- Collaboration- Optimization-
-involves standardizing applications and platforms that foster collaboration between multiple partners in the supply chains -involves tracking inventory flow, updating order status in real time, and managing events -involves sharing real-time data with key customers, suppliers, and partners; aligning individuals and organizations, and standardizing processes and practices -involves implementation of new tools and processes that eliminate inefficiencies and help leverage cost savings
According to Manuj, Mentzer, and Bowers, variables, parameters, relationships, and assumptions included in a model impact:
1. Outcome of the model 2. Validity of the model 3. Usefulness of the inferences that can be made based on the model outcomes ALL OF THESE ANSWERS
According to Rabinovich and Knemeyer, internet sellers rely on LSPs......
1. When there is less uncertainty about LSP's performance 2. When there is less uncertainty about logistics service environment BOTH 1 AND 2
According to Manci (2014), there are several technology trends shaping the future of material handling. Which trend is matched INCORRECTLY with its description?
Advanced robotics: capable of making decisions in response to their environment. Driverless vehicles, such as automatic guided vehicles (AGVs), are controlled from outside the vehicle or are limited to a programmed path.
According to Lee, by developing collaborative relationships with suppliers and customers, employing postponement, building a dependable logistics system, laying down tasks and responsibilities, and equitably sharing risk and gains, a company will foster:
Agility and Alignment
As mentioned in Lee's Padmanabhan, and Wang article, which statement does not refer to the methods of controlling the bullwhip effect caused by forward buying?
Allocating products to customers based on their past sales records
The role of RFID technology in supply chain management acts primarily by providing:
Asset Visibility data
According to Porter, structural attractiveness of industries is not detemined by....
Bargaining power of manufacturers
According to Butner (2011), which of the following statements is INCORRECT:
Because the free flow of information is readily available through the Internet, supply chain managers have no problems getting accurate and timely information to run their global operations.
According to Porter, best practice competition leads to ....
Competitive convergence
Based on the Fisher article, which supply chain strategy is suitable for a company producing toothpaste?
Considering the product as a functional product and trying to have an efficient supply chain
According to Lee, Padmanabhan and Wang, Apple Computers do not use distribution channels to sell products. This approach is generally called...
Consumer direct
According to Manci (2014), which of the following is NOT a barrier to the rapid advancement of big data analysis in warehousing and distribution?
Data analytical tools
According to Wagner and Franklin, the innovation process which occurs in a highly distributed manner and enables end users to be actively involved in the development process is known as
Democratized innovation
According to Manuj, Mentzer, and Bowers, important decisions related to the step 7 (perform simulations) include
Determining run length, warm-up period, and number of replications
Which of the following statements about SC security is INCORRECT
Encoding and scrambling of data and messages to prevent their access without specific authorization is referred to as Digital Certificates.
According to the Slone Article, was implemented to allow the department to monitor the movement of goods through the supply chain?
Event-management technology
Based on Manci (2014), which one of the following statements about how products are going to move through the supply chain is INCORRECT:
Except the automotive industry, no other industry is adopting disruptive technologies in ways that can serve as a model for material handling applications.
According to McAfee, which statement does not refer to the roles that executives play in managing IT?
Executives minimize technology expenditures
According to Wagner and Franklin, the characteristics of a typical logistics service provider innovation process includes all EXCEPT:
Existence of a formal strategy and plan of innovation
As mentioned in McAfee's article, ______delivers productivity and optimizaiton, while NIT increases_________.
FIT, collaboration
"According to Lee and Shu (2005), two key issues of particular importance for managing a firm s distribution structure are:"
Forward integration decisions and optimal channel assignment
In "Procurement at Philips: Total transformation on a global scale" by Lighthart (2016), which one is NOT one of the shifts, a new chief procurement officer (CPO), Spalcke, wanted to bring to Philips from the perspective of the human side of transformation.
Giving different responsibilities to people and move them around in different departments to enable innovations to produce future products
Based on the Lighthart (2016), which one is NOT one of the five keys to the successful transformation of Philips' transition to a new procurement structure and the use of Design for X (DfX) as the standard model for product design
Hire quickly rather than scout for top performers.
According to Weill and Aral, ______ is the foundation of all IT investments and provides a platform for business agility.
IT infrastructure
According to Weill and Aral, planned and ongoing use of interlocking business practices and competencies that derive superior value from IT investments is called ....
IT savvy
According to Weill and Aral, which of the following statements is not a way to extract more value from IT portfolio?
Identify future IT portfolio
In "Procurement at Philips: Total transformation on a global scale" by Lighthart (2016), a new chief procurement officer (CPO), Fredrick Spalcke, come up with a new design procedure called Design for X, or DfX, which initially grew out of work at the equipment manufacturer NRC in the 1980s. Which of the following statements is INCORRECT about DfX?
In DfX, designers only design the product, engineers only figure out how to build it, procurement only figures out how to source parts and materials, and marketing only figures out how to sell it.
According to Rabinovich and Knemeyer,all of the following circumstances lead to uncertainty in relationship between internet sellers and LSPs except......?
Increased adaptation costs
According to Porter, what are the two fundamental factors that determine profitability?
Industry structure and sustainable competitive advantage
"According to Lee and Shu (2005), which of the following is one of the disadvantages of forward integration?"
Inexperience with distribution functions
According to McAfee, which statement is correct?
Instant messaging and blogs are examples of network technologies
According to Porter, which statement is not true?
Internet technologies tend to reduce fixed cost and tilt cost structure toward variable cost, increasing pressure for price competition
By moving the push-pull boundary earlier in the supply chain, lead times and variability in the system are decreased and service levels are improved due to increased ability to match supply and demand. This is because:
Inventory levels are decreased in the pull portion of the supply chain
According to O'Bryne (2011), which of the following statements is incorrect:
It is paramount that you first understand the dynamics of your supplier base so that you can design your service offering to meet their needs at a sensible cost.
According to O'Bryne (2011), after set of targets for improvement, you then choose the corresponding key performance indicators (KPIs) that let you measure your performance compared to your targets. Which one is correct, if you have good supply chain KPIs?
KPIs are used to focus on and drive performance improvement.
According to O'Bryne (2011), what really matters to your business is your supply chain "end game" objectives. That's what you need to manage, regularly and consistently, so that you can set realistic targets for improvement. For the purpose of the right measurement of your own performance; after setting your own objectives and targets, what do you need to define?
Key performance indicators (KPIs)
The Platform and toolkit approach suggested by Wagner and Franklin was piloted in a new business field called
Lead logistics services
According to Ross, which are the basic functions of CRM?
Marketing, sales, service
According to Lee, which statement is incorrect:
Near-permanent changes in markets because of economic progress, political and social change, demographic trends, and technological advances are handled by making a supply chain more Agile.
As mentioned in Ross's article, which of the basic application functions of online sales enables marketers to test attitudes and behavior of customers?
Online surveys
According to Lee, Padmanabhan, and Wang, which statement is not true?
Periodic promotions help companies manage demand variabalities
As mentioned in Rabinovich and Knemeyer's article, which category of logistics service providers are heavy users of transportation and inventory assets?
Physical asset based LSPs
"According to Lee and Shu (2005), which one of the following is NOT one of the four models of Internet-Enabled distribution structures?"
Physical distribution
According to Wagner and Franklin, the article proposes using as a(n) approach to innovation management.
Platform and toolkit
According to Lee, Padmanabhan, and Wang, forward buying is result of _______ in the marketplace.
Price fluctuation
In "Procurement at Philips: Total transformation on a global scale" by Lighthart (2016), a new chief procurement officer (CPO) come up with a new design procedure called Design for X, or DfX. Three years later, Philips has completed more than 400 such DfX conventions, working through 130 percent of the company's annual spending. Which one is NOT one of the reasons behind of this success of DfX process?
Procurement, R&D, the marketing teams engage in a negotiation, and all present their ideas as different teams to the senior manager.
Furniture is a highly customized product, but its handling and distribution are complex due to its bulkiness. Therefore, the production phase is a __________ system based on realized demand while transportation/distribution of furniture is implemented based on _______ system with fixed delivery schedules in order to achieve economies of scale.
Pull, Push
According to Manci (2014), there are several technology trends that are shaping the future of material handling. Which of the following is NOT one of the technology trends shaping the future of material handling?
Radio-frequency identification (RFID)
According to O'Bryne (2011),: is a process that shares information and brings people together in a structured, single plan that is defined across the functional departments. People often confuse this process with complex, expensive _______________, but the process comes first, not the system.
Sales and operations planning / Software tools
According to Butner (2011), performance optimization concept is described as a multi-enterprise, supply demand balancing solution. Which is NOT one of its core feature?
Segregate events across the end-to-end value chain related to customers, distribution, manufacturing, and multi-tiered supply.
As mentioned by Weill and Aral, which statement is not correct?
Servers, laptops, and customer databases are examples of informational IT investments
According to Wagner and Franklin, logistics service providers need a different system for capturing the innovations occurring throughout their organizations than product-focused organizations.
TRUE
According to Ross, which statement is not true?
Technology assisted selling has made sales persons' roles less important in developing mutual relationships between companies and customers
According to the Slone Article, the Whirlpool supply chain staff were called the "sales disablers" because:
Their operations were tying up too much capital in finished goods inventory yet failing to provide product availability to customers as needed.
Based on the Fisher article, which of the following answers is not a characteristic of functional products?
They have short life cycle
Based on the Fisher article, which of the following is not a way to address demand uncertainty for a product?
To find new sources of existing available data
A pull-based supply chain reacts to real customer orders rather than to forecasts. Thus, lead times and variability in the system are reduced by matching supply and demand. This leads to improved customer service and decreased inventory holding costs.
True
According to Manuj, Mentzer, and Bowers, the determination of whether the computer implementation of the conceptual model is correct is called
Verification
According to Butner (2011), which of the following statements is INCORRECT:
Visionary leaders are taking the basic supply chain concept of "predict and act" to higher level of "sense and respond."
According to Rabinovich and Knemeyer,when do internet sellers follow the "transaction-level asset specifity" appraoch?
When they choose to differentiate themselves through low costs
A key factor(s) in limiting the adoption of RFID systems include(s):
a. a lack of technical standardization b. cost per unit of the chips c. lack of middleware to handle the large volume of data available ALL OF THESE ARE CORRECT