Chapters 1, 2, 3, 5, 7 Quiz

supply chain collaboration

Cooperative supply chain relationship developed to enhance the overall business performance of both parties is a definition of:

place, time

Logistics clearly contributes to _____ and _____ utility.

total cost

Logistics managers use the _______ approach to coordinate materials management and physical distribution in a cost-efficient manner

transportation management

The costliest logistics activity activity in many firms is ________________.

customers

The ownership channel consists of all parties except

formal contracts, vertical integration informal agreements

There are three primary methods that organizations can pursue when attempting to integrate their supply chains. What are they?

centralized organization

There are three primary methods that organizations can pursue when attempting to integrate their supply chains. Which of the following is not one of them?

true

True or False? A major motivation for firms to compete as supply chains is to deliver superior customer service at the same or lower total cost than can be achieved with individual logistics systems.

true

True or False? Both Logistics management and supply chain management involve integration and total cost minimization.

true

True or False? Logistics management creates a competitive advantage for firms by reducing the total cost of logistic system /activities (inventory, transportation, warehousing, order management). The cost savings can then be passed on to customers in the form of better service at the same prices or in the form of better services without raising prices.

true

True or False? Logistics offers many companies an important route for creating marketing superiority.

false

True or False? Physical Distribution is synonymous with materials management.

true

True or False? Superior logistics is an essential component of corporate strategies fro many big-box retailers.

false

True or False? Supply Chain management involves integration of functional activities but logistic does not.

false

True or False? The two prominent supply chain management frameworks are the Supply Chain Operations Reference (SCOR) model and the Process Classification Framework (PCF).

supply chain

What concept can be viewed as a combination of processes, functions, activities, relationships, and pathways along which products, services, information and transactions move in and between enterprises from original producer to ultimate end user or customer?

physical distribution

Which concept refers to the storage of finished product and movement to the customer?

the manufacturer, the manufacturer's supplier, the retailer

Which of the following are members in a supply chain system

smaller, more frequent orders, use of premium transportation, elimination of slower-moving products

Which of the following are ways to reduce inventory levels in the supply chain?

customers

Which of the following is not a member in a supply chain system?

supply-push replenishment

Which of the following is not a way to reduce inventory levels in the supply chain?

management channel

Which of the following is not part of the marketing channel?

finance channel, negotiation channel, and logistics channel

Which of the following is part of the marketing channel

risk reduction, minimization of the bullwhip effect, total cost minimization, better customer Service

Which of the following statements are benefits of supply chain integration?