Chapter 1

Which one of the following is NOT a common mode of transportation in the supply chain? -Car -Water -Air -Truck -Rail

Car

Which one of the following is NOT one of the four Foundations of Supply Chain Management? -Operations Management -Logistics Management -Integration -Supply Management -Demand Management

Demand Management

Logistics is another name for transportation.

False

Service firms offer intangible products (meaning products that cannot be physically touched), therefore, they do not have a supply chain.

False

The goal of Supply Chain Management is to increase customer service while increasing inventory and reducing costs.

False

When a company utilizes a "make to stock" strategy, the company is also said to be using a "pull" business model

False

The goals of Supply Chain Management are to? -Increase customer satisfaction through increased inventory and reduced operating expenses -Increase customer satisfaction while increasing inventory and operating expenses -Increase customer satisfaction while reducing inventory and operating expenses

Increase customer satisfaction while reducing inventory and operating expenses

As the supply chain continues to evolve, it's critical for companies to . . . ? -Increase inventory levels throughout the supply chain. -Outsource their core competencies to trading partners that they can trust. -Outsource their non-core competencies to trading partners that they can trust

Outsource their non-core competencies to trading partners that they can trust

Which of the following statements is TRUE? -Logistics and Supply Chain Management are synonymous terms (i.e., they mean the same thing). -Supply chain management was invented by the auto manufacturing industry -Strategic partnerships are seen as one of the foundations of supply chain management -Purchasing is seen as the final and most difficult step in the supply chain

Strategic partnerships are seen as one of the foundations of supply chain management

The goal of Supply Chain Management is to increase customer service while decreasing inventory and reducing costs.

True