scm 4390 final exam
wearable devices transmit data indicating customer usage, location, and frequency.
true.
during demand variability, customers move to opportunistic approach by looking for products with:
best price.
how can full traceability across value chain from farm to factory, to transportation and distribution to final delivery be traced?
block chain.
which organizational structure is best suited for "operational excellence"?
centralization.
a measurement of utilization of the total storage capacity of a warehouse or storage facility is termed as:
cube utilization.
the agreed percentage of the number of units that will be delivered on or before the promised time is termed as:
delivery reliability.
on what do companies rely on entirely to fulfill demand from segments that cannot be handled effectively on its own?
ecosystem partners.
"one supply chain fits all".
false.
accurate, up-to-date visibility into current inventory which includes both finished and unfinished goods is not important to respond properly to unexpected disruption to a supply chain.
false.
agile supply chains are those that do not react quickly to changes, delays, and unexpected events to meet customer expectations, outpace the competition and drive growth.
false.
automation of a bad process, using technology, makes it efficient and changes to a good process.
false.
creating a plan and filling it away may lead to true sense of security.
false.
demand variation or demand profile, does NOT influence the stability and consistency of manufacturing assets.
false.
in the TFC simulation, a contract index of 0.95 means that you will pay a premium of 5% over and above the basic price.
false.
in the TFC simulation, does an increase in the flexible manpower in the finished goods warehouse decrease the production cost?
false.
lack of alignment causes failure of supply chain practices.
false.
supplier, and materials, selection criteria should NOT include elements of environmental impact.
false.
when there is disruption in supply, maintaining solid relationships with partners earn you:
flexibility.
which type of product with long life cycles and relatively small demand variability require cost efficient supply chain that can be offshored?
functional product.
company's drive for decarbonization and sustainability can become a magnet for:
high-performing talent.
what will be the new technology evolution in supply chain world?
industry 5.0.
companies bringing up new products and services into the market and continually attracting the customer is which characteristics?
innovative.
the main purpose behind article 3 is?
linking strategy and supply chain.
ikea, amazon, walmart, etc. supply chains are ________ dominant.
logistics and procurement.
_______ sourcing is responsible for geographically dispersed networks.
low cost.
inbound order lines indicate:
number of order lines received.
measure for the level of availability of finished product on the retailer shelf is referred to as:
on shelf availability.
companies typically try to grow their revenues, cut their costs and reduce their scope 1 and 2 emissions by _______ their own operations.
optimizing.
in the TFC simulation, packaging is delivered in which trade unit?
pallet.
a new product fits into which category?
product leadership.
developing and application of new ideas fall into which category?
product leadership.
resilience measures a company's ability to quickly ________, ________ to and ________ from a disruption to your supplier network.
recognize, react, recover.
supply chain resilience refers to the ability of a given supply chain to: (select the INCORRECT option.)
recover slowly from its disruption state to a more desirable state.
fundamental objective in any lean program is the need to:
reduce waste.
which of the following is NOT included in the basic supply chain carbon footprint/environmental impact reduction strategy?
research and development.
a resilient supply chain requires two critical capacities: the capacity for ________ and the capacity for _______.
resistance, recovery.
every disruption is different and presents a unique set of ______.
risks.
internal processes, provides an orientation that ensure a proper connection and combination within the supply chain activities that fall under the categories of:
source, make and deliver.
dell company falls under which category?
stable demand, volatile supply.
the ability of supply chain to detect, respond and recover from changed condition refers to:
supply chain resilience.
complete the sentence, "greater the length of a supply chain, ____________".
the higher the risk of supply chain disruption.
supply chain mapping provides visibility of ______?
the supplier's supplier.
BRI has attracted criticism for lacking:
*accountability *transparency
which of the following tools helps in improving decision making?
*artificial intelligence *machine learning
what is the operator cost per annum in TFC?
40,000 euros.
supply and demand stability is the main feature of:
continuous supply chain.
when is the minimum order size policy of full truck load recommended?
transportation cost is high.
within the industry framework, there are four main drivers affecting supply chain design, please identify all INCORRECT choices below.
transportation time.
which two trends are foundational to integrating people, processes and systems in a wide array of operational environments?
*artificial intelligence *machine learning
visibility helps in achieving the following:
*capture new market *customer satisfaction *transformation
supply chain decisions affect company structure in terms of:
*centralization *employee autonomy
for reshaping the supply chain around customer needs, which of the following are important factors?
*company's operating model *infrastructure *digital ecosystem
which of the processes or strategies mentioned below reduces transit time and energy consumption?
*drop shipping *cross decking *direct to consumer shipping
what is affecting warehouse getting jampacked and demands for new approach in supply chain by organization?
*e-commerce *omnichannel fulfillment
scope 2 emissions are functions of:
*electricity *heat & cooling
product leadership is best displayed by which supply chains?
*fast, continuous portfolio renewal *long development, rapid deployment
when the delivery reliability of a supplier is lower than expected, it can cause:
*increase in overhead costs *increase in handling costs
machine learning and artificial intelligence play a key role in providing?
*personalized last mile delivery *direct to consumer offering
emission calculations are usually based on:
*rough activity data *standard (meaning average) emission factors
management should focus on promoting continuous renewal which is supported by three main capabilities:
*short time from idea to market *end-to-end efficiency to ensure affordable costs for customers *maximum levels of forecast accuracy in order to reduce market mediation cost
building an adaptable supply chain requires the following key components:
*spot new trends *capability to change supply networks
four key characteristics that make up a customer-centric supply chain?
*trustworthy relations *agile operations *focus on innovation *tailored fulfillment
according to the article "10 supply chain trends to watch for in 2022", digital supply chains will continue to be essential elements of which of the following trends?
*visibility *resilience *agility
in the TFC simulation, fressie orange PET has ______ number per pallet layer.
288.
in the TFC simulation, what is the capacity of a tank trunk?
30,000 litres.
the tank truck capacity in TFC is:
30,000 litres.
in the TFC simulation, how many pallets are in 1 FTL?
30.
what is the typical net zero-carbon target gap that executives will see after executing all no-regret decarbonization levers?
50%-70%.
in the TFC simulation, what's the default number of pallet locations in the raw material warehouse?
600.
within industry framework, which of the following drivers does NOT affect the supply chain design?
NONE of the options are correct. *demand variation *relevance of the cost of assets *market meditation costs *product lifecycle
calculate the ROI based on the following information -- show your formula. *realized revenue - $4,895,781 *COGS - $2,504,321 *gross margin - $2,391,460 *indirect cost - $1,861,674 *investment - $4,300,000
ROI = (gross margin)/(all investments made) investments = COGS + indirect cost + investment = $2,504,321 + $1,861,674 + $4,300,000 ROI = $2,391,460 / ($2,504,321 + $1,861,674 + $4,300,000) = $2,391,460 / $8,665,995 = .2759 = 27.59%
SMED stands for, "single minute exchange of die".
true.
a well-informed sales force can communicate an organization's low-carbon value proposition effectively to customers.
true.
according to the article, "supply chain: how to future-proof your supplier network", third party logistics (3PL) providers are an expensive but fast and relatively simple solution in creating a contingency plan for warehousing.
true.
commercial supply chains must learn from military logistics how to best deliver vaccines in the event of a future pandemic.
true.
companies that adapt supply chains when they modify strategies often succeed in launching new products or breaking into new markets.
true.
customers can program the company's integrated circuits via the internet for different applications after purchasing the basic product.
true.
demand planning: having a clear picture regarding raw material and finished products.
true.
diffusion of best practices should not be limited from the private to public sector.
true.
digital assistants and connected household devices help customer place orders, track orders, and coordinate returns from any location.
true.
efficient supply chains often become uncompetitive because they don't adapt to changes in the structures of markets.
true.
forging an alliance is a pivotal element in achieving sustainability and decarbonization.
true.
gross margin is the difference between revenue and cost of goods.
true.
in the TFC simulation, large delivery windows will require more safety stock to provide the same availability of components.
true.
in the TFC simulation, purchase value includes price of components including transport costs.
true.
indirect expenses are counted as overhead cost.
true.
inventory management is a key piece of the supply chain puzzle.
true.
is supply chain talent critical to support ongoing industry advances, solutions and frameworks?
true.
longer supply chains are vulnerable to disruption by external shocks.
true.
managing carbon emissions in an extended value chain has become a strategic necessity for organizations.
true.
new information and manufacturing technologies provide great potential for improving resiliency and productivity in response to a real-time demand analysis.
true.
process innovations, new technologies, and new alliances will all demand constant upskilling of staff.
true.
reliability of production relative to production plan is referred to as production plan adherence.
true.
self-driving vehicles could be more energy efficient both in the management of speed and fuel consumption as well as following energy optimized routing algorithms.
true.
sourcing with distant suppliers may become the exception rather than a rule in the future.
true.
standardizing of raw material and limiting variety reduces sourcing complexity.
true.
stocks that are not delivered within its shelf life are called obsolete.
true.
strategies such as drop shipping, cross docking, and direct to consumer shipping all reduce transit times and energy consumption.
true.
successful digitizing supply chain requires large scale sensor implementation.
true.
supplier-side redundancy is a crucial element of supply chain resilience.
true.
supply chains need to be able to quickly detect, respond to, and recover from changed conditions.
true.
configuration and downstream should be considered under:
agile supply chain.
rather than low cost, which concept is advocated as a core competency for manufacturers in the article, "outlook 2022: overcoming supply chain bottlenecks"?
agility.
which of the following helped H&M, mango and ZARA to become europe's most profitable apparel brand?
agility.
to achieve sustainable competitive advantage, supply chain needs the following:
all of the above. *agility *adaptibility *alignment
companies align their partners' interests with their own by redefining the terms of their relationships so that firms can share which of the following?
all of the above. *risks *cost *rewards
which major factors affect ROI?
all options are correct *revenue *cost *investments
seven-eleven japan (SEJ) is an example of a company that builds its supply chain on, __________ stays ahead of its rivals, please identify the correct choice below.
all options are correct. *agility *adaptibility *alignment
which of the following factors should be considered while updating the supplier network?
all options are correct. *assessments of business relationships with all current suppliers *list of potential alternatives *business analysis of the most critical suppliers based on SKU'S *plan of action listing in case of any disruption
agility is founded on:
all options are correct. *capable processes *strong culture of teamwork and collaboration *high involvement problem solving *bottom up decision making
key strategies to keep a supply chain resilient include?
all options are correct. *diversification of suppliers, production capabilities *nontraditional partnerships *diversification of transportation processes *finding alternative materials
main phases of progressing toward net zero includes:
all options are correct. *establishing a baseline *defining a pathway *overseeing implementation and tracking
which of the following digital technology platforms help support a tailored supply chain?
all options are correct. *network optimization *analytics *artificial intelligence *machine learning
what are the type of flavors TFC offers?
all options are correct. *orange *orange c-power *orange/mango
clock-speed refers to the speed of an industry at which it introduces new:
all options are correct. *processes and organizational structures *products *government and regulatory processes *manufacturing operations for repair and maintenance
the way supply chains are managed strongly affects an organizations competitiveness in areas such as:
all options are correct. *product cost *working capital requirements *speed of market *service perception
real-time demand data can be used to determine transshipment decisions of:
all options are correct. *raw material *work in progress *finished product
companies can align their partners interests with their own by redefining the terms of their relationships so that firms can share:
all options are correct. *risks *costs *rewards equitably
which of the following are supply chain nodes?
all options are correct. *supplier and company manufacturing facilities *warehouses and distribution centres *retail outlets *return and repair operations *consolidation points
the increase in customer expectations is driving the development of the business-to-business (B2B) e-commerce market.
true.