Supply Chain Management #1
SRM software should be capable of
All of these
Which of the following can be classified as the 3PL?
All of these
The following supply chain concept was introduced in the 1990s in an attempt to reduce waste and increase performance
Business Process Engineering
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
The possibility of events like strikes, assembly line breakdowns, and natural disasters are all reasons a company should favor using a single supplier
False
The total cost of ownership concept does NOT include quantitative factors
False
Trends in supply chain management include expansion of the supply chain and decreasing supply chain visibility
False
Which of the following is a current rend in supply chain management?
Greening of supply chains
Supply Chain Management
"The planning and mangement of all activities involved in sourcing and procurement, conversion, and all logistics management activity."
According to the text, key ingredients for developing successful supply partnerships include all of the following except:
Individualized Objectives
Supply Chain
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
Which of the following is a reason to make a product within a 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 fufull their individual local needs
True
Generally, firms outsource noncore activities while focusing on core competencies
True
Key activities of supply chain management include negotiations, logistics, contract development and administration, inventory control and management, and supplier management.
True
Reasons for buying items instead of making them can include cost advantage, insufficient capacity, lack of expertise, and quality
True
Reverse logistic activities include the return of defective and damaged items to the manufacturer, and the recycling of used packaging.
True
The assembly and 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