SCM 01

T/F? Service firms offer intangible products (meaning products that cannot be physically touched), therefore, they do not have a supply chain.

False

Which one of the following is NOT a common mode of transportation in the supply chain? Rail Air Bus Truck Pipeline Water

Bus

Successful modern supply chain management typically includes the practice of? A. Keeping high inventories throughout the supply chain B. Always purchasing materials with the lowest per unit cost C. Collaborating and sharing information between supply chain partners D. Issuing ultimatums to your supply chain partner

Collaborating and sharing information between supply chain partners

T/F? Based on the following diagram, which selection correctly identifies the Manufacturer's Tier 1 supply chain partner(s)? Supplier A => Supplier B => Supplier C => Manfuacturer => Customer C => Customer B => Customer A

Supplier C and Customer C

All nodes or links are converted by _____ and _____.

Warehousing and Transportation

Which of the following are true? A. Supply chain management was invented by the auto manufacturing industry B. Strategic partnerships are seen as one of the foundations of supply chain management C. Purchasing is seen as the final and most difficult step in the supply chain D. Logistics and Supply Chain Management are synonymous terms (i.e., they mean the same thing).

B. Strategic partnerships are seen as one of the foundations of supply chain management

Which one of the following is NOT one of the four Foundations of Supply Chain Management? Operations Management Logistics Management Integration Demand Management Supply Management

Demand Management

T/F? The goal of Supply Chain Management is to increase customer service by increasing inventory and reducing costs.

False: increase customer service WHILE SIMULTANEOUSLY reducing inventory investment and operating expenses

T/F? The following diagram depicts the anticipatory business model (or push business model). Sell Product(s) to Customer => Create Supply Plan =>Buy Materials to Produce Product(s) => Manufacture Product(s) => Deliver Product(s) to Customer

False: that is a Pull/Make-to-Order

T/F? 1. Supply Chain Management starts with understanding the flow. 2. Integrates all partners within end-to-end supply chain 3. Is conducted through defined process

True

T/F? It was intense global competition that led manufacturers to adopt Supply Chain Management (SCM) and other practices such as Just-in-Time (JIT).

True