intro to SCM chapter 1

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

FALSE

sell product to customer-> create SC->buy materials to produce products->manufacture product->deliever products to customer

not a push business model

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

Bus

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

Demand Management

All nodes or links are converted by _____ and _____.

Warehousing and transportation

Which of the following statements is TRUE? 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 Logistics and Supply Chain Management are synonymous terms (i.e., they mean the same thing).

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

identifies the Manufacturer's Tier 1 supply chain partner(s)? supplierA->supplierB->supplierC->Manufacturer->CustomerC->CustomerB->CustomerA

Supplier C and Customer C (correct)

Successful modern supply chain management typically includes the practice of? A.Keeping high inventories throughout the supply chain B.Always purchasing materials with the lowest per unit cost C.Collaborating and sharing information between supply chain partners D.Issuing ultimatums to your supply chain partner

C.Collaborating and sharing information between supply chain partners

The goal of Supply Chain Management is to increase customer service by increasing inventory and reducing costs. T/F

FALSE

It was intense global competition that led manufactures to adopt Supply Chain Management (SCM) and other practices such as Just-in-Time (JIT). T/F

TRUE

Supply chain management starts with understanding the flow. T/F

TRUE