SCM Chp 16

Time based strategies could affect a.cash to cash cycle management. b.location selections. c.CEOs' understanding of supply chain management. d.the seven principles.

a.cash to cash cycle management.

Facility Utilization and Equipment Utilization Strategies are a.complementary. b.contradictory. c.unrelated. d.difficult to put in place without effective collaboration.

a.complementary.

Time-Reduction Logistics Initiatives a.could change push to pull. b.could change pull to push. c.require a total re-evaluation of supply chain strategies. d.have not found as much interest as other strategies.

a.could change push to pull.

There are ____ high-priority areas in which it is important to develop effective logistics and supply chain strategies a.five b.six c.seven d.four

a.five

Financial vs. Non-financial Benefits of Collaboration include a.whether collaboration "pays for itself." b.making sure that each firm uses the same type of accounting systems and fiscal year reporting. c.that KPIs for involved parties should be widely distributed among the partners. d.a reason for undertaking this task, as it is quite difficult.

a.whether collaboration "pays for itself."

When a firm "sources strategically," it is a.working together with customers and suppliers in a creative, positive way. b.seeking least cost vendors. c.matching product and raw material flows to minimize transportation costs. d.reacting to current competitive situations.

a.working together with customers and suppliers in a creative, positive way.

CEOs view SCM initiatives a.as an area which can be left to second tier executives. b.being primarily focused on cost reduction. c.being primarily focused on top line growth. d.being more of a financial concern.

b.being primarily focused on cost reduction.

Collaboration means a.a firm seeks advantages by sourcing with critical partners. b.companies leverage each other on an operational basis so that together they perform better than they did separately. c.that many logistics or supply chain improvements can be made within one firm by eliminating "stovepipes". d.that senior executives are insisting on this to improve their firms' financials.

b.companies leverage each other on an operational basis so that together they perform better than they did separately.

When a firm "customizes" their supply chain, it is a.trying to improve asset utilization. b.tailoring the chain to be responsive to the needs of individual customer. c.responding to competitive situations. d.revising its supply chain in light of current economic conditions.

b.tailoring the chain to be responsive to the needs of individual customer.

Which of the following is not part of how world class collaboration skills are developed? a.Define the benefits of collaboration b.Make the investment c.Determine how the benefits will be shared d.Dedicate "A" players

c.Determine how the benefits will be shared

Which of the following does not belong in the list of the seven principles of supply chain management? a.Segment Customers Based on Service Needs b.Differentiate Products Closer to the Customer c.Develop an outsourcing strategy to maximize asset utilization d.Adopt Channel-Spanning Performance Measures

c.Develop an outsourcing strategy to maximize asset utilization

A 4PL is a.a 3PL owned by transportation related firm. b.a firm used to implement Facility Utilization and Equipment Utilization Strategies. c.looked to for sustaining successful supply chain relationships. d.a group of 3PLs owned by the company.

c.looked to for sustaining successful supply chain relationships.

The most compelling financial strategy is a.profit improvement. b.cash to cash cycle management. c.operational efficiency. d.inventory productivity.

c.operational efficiency.

Corporate leaders a.already understand the importance of supply chain excellence. b.are seeking to reduce corporate assets which could have serious implications for supply chain managers. c.are managing on a quarterly results because of Wall Street expectations. d.do not clearly understand the importance of supply chain excellence.

d.do not clearly understand the importance of supply chain excellence.