4390 Exam

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. a. True b. False

A

Commercial supply chains must learn from military logistics how to best deliver vaccines in the event of a future pandemic a. True b. False

A

In the TFC simulation, purchase value includes price of components including transport costs. a. True b. False

A

New information and manufacturing technologies provide great potential for improving resiliency and productivity in response to real-time demand analysis. a. True b. False

A

Supplier-side redundancy is a crucial element of supply chain resilience. a. True b. False

A

Supply Chains need to be able to quickly detect, respond to, and recover from changed conditions. a. True b. False

A

The information about top performing 20% of SKUs is invaluable to modify production schedules due to raw-material shortages or semi-functional manufacturing floors. a. True b. False

A

The largest portion of the inventory, which is partially manufactured and ready to configure according to customers' requirements, is concentrated before the ______. a) decoupling point b) Warehouse c) Quality Inspection

A .

According to Michael Treacy and Fred Wiersema, company mission can be categorized into three business strategies which are - Product Leadership, ______ or Customer Intimacy. A) Operational Excellence B) Quality Excellence C) Supply Chain Excellence D) Procurement Excellence

A) Operational Excellence

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

A. C. D

Supply Chains that are agile, adaptable, and ______ provide companies with ______ competitive advantage. A. Aligned B. Sustainable C. Profitable D. Future

A. Aligned B. Sustainable

Supply Chain decisions affect company structure in terms of: (select all that apply) a) Centralization b) Decentralization c) Employee autonomy d) Customer intimacy

A. Centralization C. Employee Autonomy

Structural shifts usually occur because of economic progress, political and social change, ______ trends, and technological advances. a) Demographic b) Climatic c) Availability of Labor d) Resource availability

A. Demographic

People are willing to pay more for _____ and _____ business processes which will be a catalyst for investment in supporting technologies. A. Ethical B. Political C. Responsible D. Skillful

A. Ethical C. Responsible

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

A. Logistics and procurement

According to the article, which digital tools help improve decision-making in the supply chain? (select all that apply) A. Machine Learning B. Blockchain C. SAP D. Artificial Intelligence

A. Machine Learning B. Blockchain D. Artificial Intelligence

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

A. 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

A. Product Leadership

Companies can develop optimal supply chains for every product or service by mapping different levels of technology or product life cycle stage. a) True b) False

A. True

Companies that adapt supply chains when they modify strategies often succeed in launching new products or breaking into new markets. A. True B. False

A. True

The rise of e-commerce is perhaps the most obvious and commonly understood forces affecting today's supply chains. A. True B. False

A. True

The state-of-the-art forecasting techniques and a synchronized sales and operations planning process are required for the fast supply chain model. a) True b) False?

A. True

Which of the following design-for-supply principles delays the step at which products become different? a) Postponement b) Commonality c) Standardization d) Innovation e) All the above

A. postponement

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. a. True b. False

B

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. a. True b. False

B

Through 2025, 15% of supply chain decisions will be made across intelligent edge ecosystems. a. True b. False

B

To achieve the desired outcome, improving the demand is only the first step on the path to creating an end-to-end (E2E) supply chain capability. a. True b. False

B

Which is of the following influences the stability and consistency of the manufacturing assets' workload and is a main driver of production efficiency and product cost? a) Market mediation costs b) Demand profile c) Relevance of the cost of assets to total cost d) Product lifecycle e) None of the above

B.

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

B. Agility

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

B. Centralization

Managing a successful supply chain will require upskilling talent with _________ and _________ skills so that people have the training to support these new levels of customer centricity. (select two) A. Management B. Cross-Functional C. Supply Chain D. Analytical

B. Cross Functional D. Analytical

" One supply chain does fits all" a) True b) False

B. False

Demand variation or demand profile, does not influence the stability and consistency of manufacturing assets. a) True b) False

B. False

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 f) No choices are correct

B. Fast, continuous portfolio renewal d) Long development, rapid deployment

Partnership between humans and robots will have a significant impact on supply chain functions like... (select all that apply) A. Trading B. Fulfillment C. Planning D. Demand Management

B. Fulfillment C. Planning D. Demand Management

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

C

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

C.

Companies can align their partners interests with their own be redefining the terms of their relationships so that firms can share. Identify all correct choices. A. Risk B. Cost C. Rewards equitably D. All options are correct E. None are correct

C. All options are correct

Which of the following are foundational to integrating people, processes, and systems in a wide array of operational environments? A. Planning B. Demand Management C. Artificial Intelligence D. Humans E. Robots

C. Artificial Intelligence

By utilizing predictive and prescriptive analytics along with big data, algorithms and robotics, the organizations will benefit from - A. Predictability and profitability B. Greater visibility C. Both A & B D. All of the above

C. Both A & B

Which of the following will be critical to mitigating adverse events faster than the competition, providing excellent customer service, and generating value and market share? A. Strong collaboration B. Data expertise C. Resilient Supply Chain Design D. Omnichannel Fulfillment

C. Resilient Supply Chain Design

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

C. Stable Demand, Volatile Supply

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

C. Transportation cost is high

Three categories considered by the business line to increase the resilience of their supply chain a. Manufacturing b. Transporting c. Storing d. All of the above

D

Which approach to manufacturing goods is being discussed in Article 5? a. Manufacturing domestically b. Having multiple global suppliers c. Manufacturing closer to the end customer d. All the above

D

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

D. All of the above

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

D. All of the above

Seven Eleven Japan (SEJ) is an example of a company that builds its supply chain on, ________ stays ahead of its rivals. Identify all correct choices. A. Agility B. Adaptability C. Alignment D. All options are correct

D. All options are correct

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

D. Best price

Building an adaptable supply chain the requires following key components a) Spot new trend b) Finance c) Distribution center d) Capability to change supply networks

D. Capability to change supply networks

Which supply chain model requires extra capacity of critical resources, rapid-response capability, technical strengths in process and product engineering, and a process flow that is designed to be quickly reconfigurable? a) Custom-configured b) Agile c) Continuous flow d) Flexible e) Efficient

D. Flexible

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

D. Source make and deliver

Which of the following supply chain types is sales dominant? a) Fast, continuous portfolio renewal b) Efficient, lowest costs c) Continuous flow, building synergies d) Long development, rapid deployment e) Agile & flexible, focused on customer problems

E. Agile & Flexible, focused on customer problems

The type of supply chain to be used is largely determined by which of the following? a) Department b) Product in stock or manufactured to order c) Volatility of Customer demand d) Availability of raw materials e) All the above

E. All the above

Agility is responding to short-term changes in demand or supply quickly, as well as handle external disruptions smoothly by using which of the following methods? A. Create flexible product designs B. Equitably share risks, costs, and gains of improvement initiatives C. Evaluate needs of ultimate consumers D. Exchange information and knowledge freely with vendors and customers E. Draw up contingency plans and develop crisis management teams

E. Draw up contingency plans and develop crisis management teams

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

E. None of the options are correct

A low price is decisive in the case of Product Leadership. a) True b) False

False

Order qualifiers refers to the performance aspects that best differentiate the company from its competitors. a) True b) False?

False

We need to proactively identify ways to increase customer responsiveness through fixed cost structures. True or False

False

A business strategy can differ by product group, customer segment or product-market combination. a) True b) False

True

Customers can program the company's integrated circuits via the Internet for different applications after purchasing the basic product. a) True b) False

True

Efficient supply chains often become uncompetitive because they don't adapt to changes in the structures of markets. A. True B. False

True

Lack of alignment causes failure of supply chain practice a) True b) False

True

As the U.S. struggles with low ______, brands are having to spend top dollar to get products in stock quickly. a) Inventory-to-sales ratios b) Supply-to demand ratio c) Market-to-sales ratio d) Sales to Inventory ratio

a) Inventory-to-sales ratios

In a recent Gartner survey, ______ of respondents say technology is a source of competitive advantage a. 61% b. 60% c. 63% d. 62%

a. 61%

When systems and processes couldn't cope, _______and agile supply chain leaders collaborated to overcome ________. (select all that apply) a. Creative b. Digital c. Bottlenecks d. Shortages

a. Creative c. Bottlenecks

Which of the following issues companies faced post-pandemic and looking forward to resolving through different strategies? (select all that apply) a. Out-of-stock messages b. Sky-high cost c. Low inventory levels d. Raw material price decrease

a. Out-of-stock messages b. Sky-high cost c. Low inventory levels

Decisions regarding manufacturers have an impact on business and they affect (select all that apply) a. Quality of product b. Capacity c. Production time d. Cost of the product

a. Quality of product b. Capacity c. Production time

The brands that enable greater optimization, ______, and transparency within their supply chain will be the ones to succeed in 2022 and beyond. a. Scalability b. Just-in-case inventory c. Value-added services d. Warehouse space

a. Scalability

Inbound logistics, manufacturing, and asset management fall into which category? a. Supply response b. Supply sense c. Decide and commit d. Demand sense e. Demand response

a. Supply response

Real-time demand data can be used to determine ______ decisions of raw materials, work-in-progress, and finished products to ensure inventories are kept in balance. a. Transshipment b. Purchase c. Costing d. Manufacturing

a. Transshipment

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

a. agile supply chain

One way to future-proof the technological base of the supply chain is to switch to ______ and composable application architectures a. micro services-based b. Supply chain execution c. Advanced analytics d. Artificial intelligence e. Data science

a. microservices-based

The decisions you make regarding your manufacturers have a huge impact on your business in terms of the quality of your products, your capacity to meet demand, and ______. a. production timing b. Uncontrollable factory shutdowns c. Diversification d. Customization e. Sales volume

a. production timing

Growing awareness of supply chain risks gave birth to a phenomenon called ______ which contributed to shrinking global trade as percentage of GDP from 61% to ______ between 2008 and present time. (select all that apply) a. slowbalisation b. 58% c. 59% d. Digitalization

a. slowbalisation b. 58%

Digital ______ approach the problem by enabling end-to-end decision making, and control towers improve ______ visibility a. supply chain twins, execution b. Edge ecosystems, execution c. Edge ecosystems, infrastructure d. supply chain twins, infrastructure e. supply chain twins, edge ecosystems

a. supply chain twins, execution

Standardizing of raw material and limiting variety reduces sourcing complexity a) True b) False

a. true

One supply chain strategy work for all types of businesses. a. True b. False

b

The new Secure America Institute at Texas A&M University is a private partnership made up of about 100 partners across several technical domains within the manufacturing base, which employs a novel interdisciplinary paradigm, to build on policy, economics, and supply chain management research and education. a. True b. False

b

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

b) Continuous Supply Chain

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

b. 288

The combination of distributed and centralized supply chain systems will quickly detect, respond to, and recover from unexpected and disruptive events by adjusting manufacturing capacity as needed. a. True b. False

b. False

Supply chain resilience does not refer to the ability of a given supply chain to? 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 or recover quickly to a more desirable state

b. Recover slowly from its disruption state to a more desirable state

Outsourcing typically makes the most sense when creating a contingency plan for warehousing, often with a ______ provider. a. Sub-contractor b. Third-party logistics c. Tier 1 supplier d. Tier 2 supplier

b. Third-party logistics

According to Gartner survey many identified several emerging technologies as critical investment areas with ______ investing in robotics a. 21% b. 19% c. 20% d. 22%

c. 20%

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

c. 30,000 litres

The Gartner Matrix helps CSCOs determine how all the interconnected parts of an end-to-end supply chain interact with each other, and is structured around _____ essential capabilities. a. Three b. Four c. Five d. Seven

c. Five

Manufacturing changes tend to be the most challenging because - a) It can take years to find the right manufacturing partner b) It can take years to open a new manufacturing facility c) It can be very costly to switch vendors d) All the above e) a) and b)

d) All the above

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

d. Pallet

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, realize d. Recognize, react, recover

d. Recognize, react, recover

Which tool was developed in the field of civil engineering, with the objective of modeling the loss of resilience of a given structure during and after the occurrence of a disruption? a. Company resilience index b. Resistance Capacity c. Recovery Capacity d. Resilience triangle

d. Resilience triangle

The initial scoping phase of strategy planning requires a _________ approach to understand the internal and external context of the supply chain now and in the future. a. Bottom-up b. Parallel c. Cross-functional d. Top-down

d. Top-down

Which of the following are important tenets to achieving supply chain resilience? a) Rapid detection, response, and recovery from changed conditions b) Data collection and data-driven actions for rapid disruption detection through planning, scenario planning, and war gaming c) Collaboration of private and public supply chain stakeholders d) Effective demand planning processes e) All the above

e) All the above

Which of the following factors will compel most companies to invest more in cyberphysical systems like intralogistics smart robots that can be deployed in warehouses and distribution centers? a) The residual impacts of COVID-19 b) Labor availability constraints c) Rapidly rising labor rates d) a) and c) e) a), b) and c)

e) a), b) and c)

Warehousing and fulfillment affect which of the following activities? a) Capacity constraint b) Production timing c) Speed of product delivery d) Inventory management e) c) and d)

e) c) and d)

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

e. All options are correct

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

e. All options are correct

Disruption could affect many links in the supply chain including - a. Procurement and purchasing b. Warehousing and transportation c. Demand planning d. Inventory management e. All the above

e. All the above

Who addresses the realities of supply management, as well as workplace complexities including globalization, use of technology, and expanded competencies that procurement and supply chain professionals employ to drive value in their organizations? a. Certified Supply Chain Professional b. Certified in Production and Inventory Management c. ISM Certified Professional in Supplier Diversity d. Certified in Logistics, Transportation and Distribution e. Certified Professional in Supply Management

e. Certified Professional in Supply Management

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 SKUs d. Plan of action listing in case of any disruptions e. all options are correct

e. all options are correct