Supply Chain Final 2
Facility location has a short-term impact on the firm's supply chains.
False
Outputs/costs of (labor + materials + energy + capital), would be classified as a complete productivity measure.
False
Dominant companies within a supply chain can use their buying power to:
Leverage demands for supplier conformance to its supply chain requirements
According to the SCOR model, which of the following is NOT one of the five supply chain operation process categories?
Market
Which of the following is NOT a reason for locating in a business cluster?
Sophisticated retailers
A weakness of the labor productivity measure is that managers might be tempted to lay off workers to improve labor productivity.
True
An effective performance measurement system consists of the traditional financial information for external reporting purposes along with tactical-level performance criteria used to assess the firm's competitive capabilities.
True
Many multinational corporations are moving their facilities into China to have access to the local markets rather than for export reasons.
True
The Balanced Scorecard approach to performance measurement seeks to improve managerial decision-making by aligning an organization's performance measures with its strategic plan and goals.
True
The European Union (EU) is considered a regional trade agreement.
True
The SCOR model's newest process category is called Enable.
True
The development of cleaner, more fuel-efficient and affordable energy technologies will have a direct impact on the cost of production of goods and delivery of services.
True
Using cost as a departmental or business unit performance measure can actually result in actions that raise costs for the organization.
True
Facility location has ____________on the supply chain.
A long-term impact
Regional trade agreements assist with which of the following?
All of the above
World-class performance measures can be used in different functional areas of a firm to satisfy objectives, enhance the value of the firm's products and services, and increase customer satisfaction by providing measures in which of the following capability area(s)?
All of the above
Once the supply chain partner requirements are understood, supply chain members can then:
Audit their capabilities to see if they are consistent with the needs of the end customers
Milan, Wall Street, and Detroit are examples of ____________.
Business Clusters
A list of quality-of-life factors would most likely include proximity to customers, proximity to suppliers, tariff rates, and currency stability.
False
Access to global markets and corporate networks makes the role of location less important as a source of competitive advantage.
False
Supply chain cash-to-cash cycle time is a performance measure that provides the average number of days between selling the end product to the customer and receiving full payment for the goods.
False
Traditional performance measures tend to link current operating characteristics to long-term strategies and objectives.
False
Two models that utilize quantitative data, which can help determine the attractiveness of one location versus another, are the Break-Even Model and the Extrapolated Average Cost Model.
False
Using the weighted-factor rating model, the location with the lowest total weighted score is the recommended location.
False
Companies typically like to design scorecards that fit their business and industry. As a result there are now software applications that can help companies design scorecards that fit their individual needs. These web-based balanced scorecard applications are often referred to as:
Performance dashboards
Cost-based performance measures _____ reflect the underlying performance of the productive systems of an organization.
Rarely
A company is considering Denver, Seattle, and Portland as candidate locations for a new facility. For the weighted-factor rating technique, the company is evaluating each location on three factors (distance to customers, labor costs, and utility costs). The factors are weighted 0.5, 0.3, and 0.2, respectively. Denver received scores of 90, 77, and 65 for the three factors. Seattle received scores of 87, 82, and 70. Portland received scores of 84, 86, and 75. Which of the three cities is ranked second by the weighted-factor rating technique?
Seattle
According to the text, which of the following would be an example of Coca-Cola's international bottling plants, each serving a small geographic region?
Server factory