SCM 4390 Exam 2

What is the main contributor of CO2 in your TFC supply chain? a. Warehouses b. Orange Mash c. Bottling Line d. Distribution

b. Orange Mash

Which of the followings are the characteristics of circular products? Choose all that applied a. Degradable b. Repairable c. Recycling d. Longevity

b. Repairable c. Recycling d. Longevity

1. Treating the Supply Management Role as a __________decision is more beneficial to the organization as a whole. a. Tactical b. Strategic

b. Strategic

1. A positional stance when it comes to supplier relations is one characterized by a _________ relationship? a. Win-Win b. Win-Lose c. Lose-Lose d. No correct choices

b. Win-Lose

What is not one of the benefits for a manufacturing company switching to a circular approach? a. Improved efficiency b. Improved public perception c. Cost reductions d. Increased employee retention

c. Cost reductions

1. COVID brought about a renewed focus on re/nearshoring for which industry in particular? a. Defense b. Hand Sanitizer c. Healthcare equipment d. No correct answers

c. Healthcare equipment

1. What is a reason that companies choose to sole-source from suppliers? a. Increased responsiveness b. Increased tooling costs c. Higher volume discounts d. They like risk

c. Higher volume discounts

1. One of the biggest hurdles for companies looking at re/nearshoring is: a. Labor costs b. Transportation costs c. Initial Investment costs d. all choices are correct

c. Initial Investment costs

What is the first reason that is given for transformation efforts not getting off the ground? a. Benchmarks leading to Comfort b. "We've always done it that way" attitudes c. Lack of awareness of a need to change d. A lack of leadership

c. Lack of awareness of a need to change

Awareness of the factors that prevent transformation efforts is important, which of the following is not a tip mentioned in Article 13: a. Inviting external expert to join the conversation b. Initiating an annual analysis of resistance to change as part of the regular routine c. Setting a detailed implementation plan of the transformation d. Recognizing the d

c. Setting a detailed implementation plan of the transformation

1. What is one of the reasons for the big movement to reshore/nearshore? a. COVID disruptions b. Trade wars/tariffs between countries c. Political pressures d. All choices are correct e. Two choices are correct

d. All choices are correct

____________ is essential to creating a circular supply chain. a. The right mindset b. Collaboration with suppliers/customers c. Changing views on excess/waste d. All choices are correct

d. All choices are correct

A supply chain that reuses and creates values from the waste and end-of-life products is called _____ supply chain a. Round b. Sustainable c. Linear d. Circular

d. Circular

_______ was an example of a company that successfully changed one of its production processes to be more sustainable and use less water. a. Nike b. IKEA c. Michelin d. DyeCoo

d. DyeCoo

What is not one of the reasons that is given for transformation efforts failing? a. Lack of Awareness b. Past Failures c. Past Success d. No correct choices

d. No correct choices

1. When managing critical parts supplier (which owns the intellectual property of their design). Which of the following supplier relationship management method should be used. a. Positional b. Partnership c. Buy the market d. Collaborative

Collaborative

. The Circular supply chain mindset is only applicable to the manufacturing industry. a. False b. True

False

1. Reshoring means bringing manufacturing and part, or all, of the supply chain to a location near the home country. a. True b. False

False

1. Sole-sourcing with a foreign supplier is considered a high-risk event. However, the same risk associated with sole-sourcing with a foreign supplier will not be presented if you choose to sole-source from a domestic supplier. a. True b. False

False

1. The immutable transparency of blockchain won't disrupt the money and banking system. a. True b. False

False

Globalization will fully disappear when the process of reshoring ends. a. True b. False

False

Moving towards a circular supply chain is more like a transformation that happens within an organization, it does not require external collaboration. a. True b. False

False

PET finished goods are less carbon intensive to produce than their Pack 1L counterparts. a. True b. False

False

Repairability is not another growing trend in the circular economy. a. True b. False

False

1. A collaborative approach in TFC would likely lead to smaller disruption times when risk occurs for a material. a. True b. False

True

1. According to article 12 The 5 Ws of reshoring supply chains, more nearshoring does not necessarily mean that the supply chain is more resilient. a. True b. False

True

1. Multiple sourcing usually takes the form of 1 local supplier and 1 from oversea. a. True b. False

True

1. The Author of Article 10 Supply-Chain Risk Planning: What's the Best Approach? Has mentioned his successful experience in developing a world-class supplier development function. He mentioned there are 2 important factors that lead to the success of the team. First, develop overall strategy and process framework. Second, people were hired with the education and background that aligned with the overall strategy. a. True b. False

True

Benchmarks beyond your industry will allow you to discover new possibilities. a. True b. False

True

If a company can reclaim old products and easily recycle some of or all raw materials, it will be able to reduce its costs considerably a. False b. True

True

One of the possible reasons for failing to transform is that the leader is not aware of the shifts in their environment and they think the Status quo is already good enough. a. True b. False

True

The organization holding on to its past success and refuse to change will be replaced by those organizations that adapt to changes. a. True b. False

True

Too much focus on analysis and the data could lead you to not being able to move forward. a. True b. False

True

While a linear supply chain throws away the scraps as trash, A circular supply chain will reuse and harvest the value and treat it as a starting point for a new process. a. False b. True

True

1. Reshoring is preferred especially when: a. "Made in America" is important to brand image b. The foreign supplier is far away and it's the only source of the critical parts c. The supplier is having a good relationship with us. d. The unit price is lot higher if manufactured in the US

a. "Made in America" is important to brand image b. The foreign supplier is far away and it's the only source of the critical parts

Which of the followings are the benefits of adopting a circular supply chain? Choose all that applied. a. Improve environmental sustainability b. Greater public appeal c. Improve efficiency d. Being more attractive to shareholders and investors

a. Improve environmental sustainability b. Greater public appeal c. Improve efficiency d. Being more attractive to shareholders and investors

As with most transformations, what is required to drive a successful change to circular supply chains? a. Internal buy-in b. Green thinking c. Excess capital d. Societal Pressure

a. Internal buy-in

Blockchain can help with: a. Managing data sharing along the supply chain b. Keeping pricing levels and costs secret c. Connecting suppliers overseas d. Strengthening passwords

a. Managing data sharing along the supply chain

1. Blockchain technology can improve the performance of supply chain in multiple ways. (Choose all that apply) a. Remove intermediaries b. Increase reliability c. Reduce fraud d. Improve transaction transparency

a. Remove intermediaries b. Increase reliability c. Reduce fraud d. Improve transaction transparency

1. The usage of Blockchain can bring positive changes to many fields with its immutable transparency, select all the correct fields. a. Supply Chain Management b. Marketing c. Data connection d. Human resources

a. Supply Chain Management c. Data connection d. Human resources

1. Cyber security is crucial for growth and mainstream adoption of DeFi apps. a. True b. False

a. True

When making the decision of reshoring or nearshoring, you will need to consider: (choose all that apply) a. Which supplier is going to reshore and who is not b. Balance between investment and risk c. When will supply chain reshore or nearshore d. Single sourcing or Duel sourcing.

a. Which supplier is going to reshore and who is not b. Balance between investment and risk c. When will supply chain reshore or nearshore d. Single sourcing or Duel sourcing.

1. Blockchain is: a. An expensive tool b. A distributed ledger system c. A neat way to engage customers d. Bitcoin

b. A distributed ledger system

In Article 14, the author gave an example about a circular supply chain: The packing of a _____ company's product can be broken down into dirt for farming purposes. a. Soap b. Beverage c. Athletic consumer goods d. Plastic

b. Beverage