SupplyChainStrategy

¡Supera tus tareas y exámenes ahora con Quizwiz!

Clock-speed refers to the speed of an industry at which it introduces new? a. Processes and organizational structures b. Products c. Government and regulatory processes d. Manufacturing operations for repair and maintenance e. All options are correct

All options are correct

Product leadership is best displayed by which supply chains? (Select correct options) a. Efficient, lowest costs b. Fast, continuous portfolio renewal c. Agile & flexible, focused on customer problems d. Long development, rapid deployment e. Custom-configured

Fast, continuous portfolio renewal Long development, rapid deployment

Which type of product with long life cycles and relatively small demand variability require cost efficient supply chain that can be offshored. a. Innovative Product b. New Product c. Functional Product d. All options are correct

Functional Product

When the delivery reliability of a supplier is lower than expected, it can cause. (select correct options) a. Increase in overhead costs b. Decrease in overhead and handling costs c. Increase in handling costs d. No options are correct

Increase in overhead costs Increase handling costs

What will be the new technology evolution in supply chain world? a. Industry 5.0 b. Industry 6.0 c. Industry 4.0 d. Industry 7.0

Industry 5.0

Companies bringing up new products and services into the market and continually attracting the customer is which characteristics a. Agile b. Innovative c. Tailored d. Trustworthy

Innovative

Dell company falls under which category: a. Stable Demand, Stable Supply b. Volatile Demand, Volatile Supply c. Stable Demand, Volatile Supply d. Volatile Demand, Stable Supply

Stable Demand, Volatile Supply

The ability of supply chain to detect, respond and recover from changed condition refers to________ a. Value Chain b. Block Chain c. Supply Chain Resilience d. None of the options are correct

Supply Chain Resilience

A well-informed sales force can communicate an organization's low-carbon value proposition effectively to customers. (T/F)

True

According to the article, ' Supply Chain Resilience: 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. (T/F)

True

Commercial supply chains must learn from military logistics how to best deliver vaccines in the event of a future pandemic (T/F)

True

Companies that adapt supply chains when they modify strategies often succeed in launching new products or breaking into new markets. (T/F)

True

Customers can program the company's integrated circuits via the Internet for different applications after purchasing the basic product. (T/F)

True

Diffusion of best practices should not be limited from the private to public sector. (T/F)

True

Digital assistants and connected household device help customer place order, track orders, and coordinate returns from any location. (T/F)

True

Efficient supply chains often become uncompetitive because they don't adapt to changes in the structures of markets. (T/F)

True

Gross Margin is the difference between revenue and cost of good. (T/F)

True

In the TFC simulation, large delivery windows will require more safety stock to provide the same availability of components (T/F)

True

In the TFC simulation, purchase value includes price of components including transport costs. (T/F)

True

Indirect expenses are counted as overhead cost. (T/F)

True

Is Supply chain talent critical to support ongoing industry advances, solutions and frameworks?(T/F)

True

Longer supply chains are vulnerable to disruption by external shocks. (T/F)

True

New information and manufacturing technologies provide great potential for improving resiliency and productivity in response to real-time demand analysis. (T/F)

True

Process innovations, new technologies, and new alliances will all demand constant upskilling of staff. (T/F)

True

SMED stands for, "Single minute exchange of die" (T/F)

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.(T/F)

True

Sourcing with distant suppliers may become the exception rather than a rule in the future. (T/F)

True

Standardizing of raw material and limiting variety reduces sourcing complexity (T/F)

True

Stocks that are not delivered within its shelf life are called Obsolete. (T/F)

True

Strategies such as Drop Shipping, Cross Docking, and Direct to Consumer Shipping all reduce transit times and energy consumption. (T/F)

True

Successful digitizing supply chain requires large scale sensor implementation. (T/F)

True

Supplier- side redundancy is a crucial element of supply chain resilience (T/F)

True

Supply Chains need to be able to quickly detect, respond to, and recover from changed conditions. (T/F)

True

The increase in customer expectations is driving the development of the business-to-business ecommerce market ? (T/F)

True

Wearable devices transmit data indicating customer usage, location, and frequency. (T/F)

True

Four key characteristics that make up a customer centric supply chain? (select correction options) a. Trustworthy relations b. Agile Operations c. Focus on innovation d. Tailored Fulfillment e. Collaborative Partnerships

Trustworthy relations Agile Operations Focus on innovation Tailored Fulfillment

Digital Supply Chains will continue to be essential elements of these three trends ______,________,________ a. Visibility b. Resilience c. Agility d. Durability e. All options are correct

Visibility Resilience Agility

Agility is founded on a. Capable processes b. strong culture of teamwork and collaboration c. High involvement problem solving d. bottom up decision making e. All options are correct

All options are correct

Which of the following tools helps in improving decision making (select the correct options) a. SAP b. Artificial Intelligence c. Microsoft Excel d. Machine Learning

Artificial Intelligence Machine Learning

Supplier, and materials, selection criteria should not include elements of environmental impact. (T/F)

False

In the TFC simulation, Fressie orange PET has _____ number per pallet layer. a. 140 b. 288 c. 120 d. 90

288

In the TFC simulation, what is the capacity of a tank truck? a. 20,000 litres b. 50,000 litres c. 30,000 litres d. 15,000 litres

30,000litres

In TFC simulation, what's the default number of pallet locations in the raw material warehouse? a. 600 b. 900 c. 1500 d. 1000

600

BRI has attracted criticism for lacking (select correct options) a. Potential b. Accountability c. Transparency d. Sustainability

Accountability Transparency

Configuration and downstream should be considered under a. Agile Supply Chain b. Adaptable Supply Chain c. Aligned Supply Chain d. None of the above

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" a. Adaptability b. Flexibility c. Agility d. Durability

Agility

Which of the following helped H&M, Mango and ZARA to become Europe's most profitable apparel brand? a. Adaptability b. Agility

Agility

The way supply chains are managed strongly affects an organizations competitiveness in areas such as: a. Product cost b. Working capital requirements c. Speed of market d. Service perception e. All options are correct f. None of the options are correct

All of the above

Companies can align their partners interests with their own by redefining the terms of their relationships so that firms can share, please identify all correct choices below. a. Risks b. Costs c. Rewards equitably d. All options are correct e. None of the options are correct

All options are correct

Key strategies to keep a supply chain resilient include? (select the correct option) a. Diversification of suppliers, production capabilities b. Nontraditional partnerships c. Diversification of transportation processes d. Finding alternative materials e. All options are correct

All options are correct

Main phases of progressing toward net zero includes: (select correct option) a. Establishing a baseline b. Defining a pathway c. Overseeing implementation and tracking d. All options are correct

All options are correct

Real-time demand data can be used to determine transhipment decisions of? a. Raw-material b. Work-in progress c. Finished Product d. All options are correct

All options are correct

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. a. Agility b. Adaptability c. Alignment d. All options are correct

All options are correct

What are the type of flavours TFC offers? a. Orange b. Orange C-Power c. Orange/Mango d. All options are correct

All options are correct

Which major factors affect ROI? a. Revenue b. Cost c. Investments d. All options are correct

All options are correct

Which of the following Digital Technology platforms help support a tailored supply chain? a. Network Optimization b. Analytics c. Artificial Intelligence d. Machine learning e. All options are correct

All options are correct

Which of the following are Supply chain Nodes? a. Supplier and Company Manufacturing facilities b. Warehouses and Distribution centres c. Retail Outlets d. Return and Repair operations e. Consolidation points f. All options are correct

All options are correct

Companies align their partners' interests with their own by redefining the terms of their relationships so that firms share which of the following? a. Risks b. Cost c. Rewards d. All the above

All the above

To achieve sustainable competitive advantage, supply chain needs the following a. Agility b. Adaptability c. Alignment d. All the above

All the above

Which of the following factors should be considered while updating the supplier network? a. Assessments of business relationships with all current suppliers b. List of potential alternatives c. Business analysis of the most critical suppliers based on SKU's d. Plan of action listing in case of any disruption All the options are correct

All the options are correct

Which two trends are foundational to integrating people, processes and systems in a wide array of operational environments? (select the correct options) a. Artificial intelligence b. Machine Learning c. Visibility d. Supply chain agility

Artificial Intelligence and Machine Learning

During demand variability customer move to opportunistic approach by looking for product with a. Quality b. Availability c. Life cycle d. Best Price

Best Price

How can full traceability across value chain from farm to factory, to transportation and distribution to final delivery be traced? a. Value Chain b. 5G connection c. Block Chain d. Mobile Devices

Blockchain

Visibility helps in achieving the following (select the correct options) a. Business goals b. Capture new market c. Customer satisfaction d. Transformation

Capture new market Customer satisfaction Transformation

Which organizational structure is best suited for "Operational Excellence"? a. Decentralization b. Centralization

Centralization

Supply Chain decisions affect company structure in terms of: (select the correct options) a. Centralization b. Decentralization c. Employee autonomy d. Customer intimacy

Centralization, Employee autonomy

For reshaping the supply chain around customer needs, which of the following are important factors? (select all correct options) a. Company's operating model b. Infrastructure c. Digital ecosystem d. None of the options are correct

Company's operating model Infrastructure Digital ecosystem

Supply and demand stability is the main feature of ? a. Agile Supply Chain b. Continuous Supply Chain c. Custom Configured Supply Chain d. Flexible Supply Chain

Continuous Supply Chain

What is affecting warehouse getting jampacked and demands for new approach in supply chain by organization? (select the correct options) a. Increase in population b. E-commerce c. Increasing cost d. Omnichannel Fulfillment

E-commerce Omnichannel fulfillment

On what companies rely on entirely to fulfil demand from segments that cannot be handled effectively on its own? a. Supply Chain models b. Ecosystem Partners c. Third party vendors d. None of the options are correct

Ecosystem Partners

"One supply chain fits all." Is this statement correct? (T/F)

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? (T/F)

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. (T/F)

False

Demand variation or demand profile, does not influence the stability and consistency of manufacturing assets (T/F)

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. (T/F)

False

In the TFC simulation, does an increase in the flexible manpower in the finished goods warehouse decrease the production cost? (T/F)

False

Lack of alignment causes failure of supply chain practices (T/F)

False

The main purpose behind article 3 is? a. Different customers b. Ways of acquiring market c. Linking strategy and supply chain d. Department interconnections

Linking strategy and supply chain

Ikea, Amazon, Walmart, etc. supply chains are __________ dominant. a. Logistics & procurement b. Sales c. Marketing d. R&D

Logistics & procurement

Within Industry Framework, which of the following drivers does not affect the supply chain design? a. Demand variation b. Relevance of the cost of assets c. Market meditation costs d. Product lifecycle e. None of the options are correct

None of the options are correct

Inbound order lines indicate? a. Number of order lines received b. Future orders c. Number of orders processed d. Number of orders dispatched

Number of order lines recieved

Measure for the level of availability of finished product on the retailer shelf is referred to as? a. Product life b. Obsoletion period c. On Shelf Availability d. None of the options are correct

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. a. Optimizing b. Expanding c. Amplify

Optimizing

In the TFC simulation, packaging is delivered in which trade unit? a. FTL b. Pallet Layer c. IBC's d. Pallet

Pallet

Machine learning and artificial intelligence play a key role in providing (select correct options) a. Personalized last mile delivery b. Direct- to consumer offering c. Cheap price products d. Free Delivery

Personalized last mile delivery Direct-to consumer offering

A new product fits into which of the category a. Product Leadership b. Operational Excellence c. Customer Intimacy d. All the above

Product Leadership

Developing and application of new ideas fall into which of the below category a. Product Leadership b. Operational Excellence c. Customer Intimacy d. All the above

Product Leadership

Calculate ROI

ROI = Net income / Cost of investment x 100

Resilience measures a company's ability to quickly _____________, ___________ to and _____________ from a disruption to your supplier network. (select correct keywords) a. Reappear, re-establish, restructure b. Reinforce, reject, repair c. Replace, reform, realise Recognize, react , recover

Recognize React Recover

Supply chain resilience refers to the ability of a given supply chain to? (select the incorrect option) a. Prepare for and adapt to unexpected events b. Recover slowly from its disruption state to a more desirable state c. Quickly adjust to sudden disruptive changes that negatively affect supply chain performance d. Continue functioning during a disruption to a more desirable state

Recover slowly from its disruption state to a more desirable state

Which of the following is not included in the basic Supply Chain Carbon Footprint/Environmental Impact Reduction strategy.(select incorrect option) a. Executive support b. Node supplier selection/Management Involvement c. Research and Development d. Logistics/ Link supplier selection/ Management e. Technology

Research and Development

A resilient supply chain requires two critical capacities: the capacity for ___________ and the capacity for ___________.(fill in the blanks) a. Reduce, recycle b. Restructure, re-establish c. Resistance, recovery

Resistance Recovery

Emission calculations are usually based on: (select correct options) a. Rough activity data b. Standard (meaning average) emission factors Geographic conditions

Rough activity data Standard (meaning average) emission factors

Management should focus on promoting continuous renewal which is supported by three main capabilities: (select the correct options) a. Short time from idea to market b. Minimum levels of forecast accuracy in order to reduce market mediation cost c. End-to-end efficiency to ensure affordable costs for customers d. Maximum levels of forecast accuracy in order to reduce market mediation cost

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.

Internal processes, provides an orientation that ensure a proper connection and combination within the supply chain activities that fall under the categories of a. Source and make b. Make and deliver c. Source and deliver d. Source, make and deliver

Source, make, deliver

Building an adaptable supply chain requires the following key components (select the correct options) a. Spot new trends b. Finance c. Distribution center d. Capability to change supply networks

Spot new trends Capability to change supply networks

Complete the sentence, "Greater the length of a supply chain,______________" a. The lower the risk of supply chain disruption b. There is no risk of supply chain disruption c. The higher the risk of supply chain disruption

The higher the risk of supply chain disruption

When is minimum order size policy of full truck load recommended? a. Demand is high b. New product Launch c. Transportation cost is high d. Labor cost is high

Transportation cost is high

Within the industry framework, there are four main drivers affecting supply chain design, please identify all incorrect choices below. a. Demand variation b. Market medication cost c. Transportation time d. Product lifestyle

Transportation time

Supply chain mapping provides visibility of ______ a. Future Requirement b. Optimized routes c. Logistics route d. The supplier's supplier

The supplier's supplier


Conjuntos de estudio relacionados

nursing of adults I endocrine system

View Set

MUSCULAR SYSTEM: ORIGIN AND INSERTION AND ACTION

View Set

urinary kidney, ureter, bladder, urethra , nephron

View Set

ACCT 324 - Smartbook Ch 13 - Contracts

View Set

Pharmacology Chapter 22 Psychotherapeutic Agents

View Set

Antihistamines, Decongestants, Antitussives, and Expectorants (Pharm E2)

View Set

Cumulative Exam review final math essentials

View Set

Chapter 5: Ions and Ionic Compounds

View Set

Drug Definitions, Standards, and Information Sources

View Set

CH 40 Management of Patients with Gastric and Duodenal Disorders

View Set

ARDMS Ultrasound Physics & Instrumentation Practice Exam Part 1

View Set