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
