SCM 4390 Midterm
BRI has attracted criticism for lacking
Accountability Transparency
Supplier, and materials, selection criteria should not include elements of environmental impact.
False
________ sourcing is responsible for geographically dispersed network
Low Cost
In the TFC simulation, Fressie orange PET has _____ number per pallet layer.
288
In TFC simulation, how many pallets in 1 FTL
30
In the TFC simulation, what is the capacity of a tank truck?
30,000 litres
The tank truck capacity in TFC is
30000 litres
What is the operator cost per annum in TFC?
40000 Euro
What is the typical net zero-carbon target gap that executives will see after executing all no-regret decarbonization levers?
50% - 70%
In TFC simulation, what's the default number of pallet locations in the raw material warehouse?
600
Configuration and downstream should be considered under
Agile Supply Chain
Rather than low cost, which concept is advocated as a core competency for manufacturers in the article "Outlook 2022: Overcoming supply chain Bottlenecks".
Agility
Which of the following helped H&M, Mango and ZARA to become Europe's most profitable apparel brand?
Agility
Seven-Eleven Japan (SEJ) is an example of a company that builds its supply chain on, _____ stays ahead of its rivals.
Agility Adaptability Alignment
To achieve sustainable competitive advantage, supply chain needs the following
Agility Adaptability Alignment
Which of the following tools helps in improving decision making
Artificial Intelligence Machine Learning
Which two trends are foundational to integrating people, processes and systems in a wide array of operational environments?
Artificial intelligence Machine Learning
Which of the following factors should be considered while updating the supplier network?
Assessments of business relationships with all current suppliers List of potential alternatives Business analysis of the most critical suppliers based on SKU's Plan of action listing in case of any disruption
During demand variability customer move to opportunistic approach by looking for product with: -
Best Price
How can full traceability across value chain from farm to factory, to transportation and distribution to final delivery be traced?
Block Chain
Agility is founded on
Capable processes strong culture of teamwork and collaboration High involvement problem solving bottom up decision making
Visibility helps in achieving the following:
Capture new market Customer satisfaction Transformation
Which organizational structure is best suited for "Operational Excellence"?
Centralization
Supply Chain decisions affect company structure in terms of:
Centralization Employee autonomy
For reshaping the supply chain around customer needs, which of the following are important factors?
Company's operating model Infrastructure Digital ecosystem
Supply and demand stability is the main feature of?
Continuous Supply Chain
A measurement of utilization of the total storage capacity of a warehouse or storage facility is termed as
Cube Utilization
The agreed percentage of the number of units that will be delivered on or before the promised time is termed as,
Delivery Reliability
Key strategies to keep a supply chain resilient include?
Diversification of suppliers, production capabilities Nontraditional partnerships Diversification of transportation processes Finding alternative materials
Which of the processes or strategies mentioned below reduces transit time and energy consumption (select all correct options)
Drop Shipping Cross decking Direct to customer shipping
What is affecting warehouse getting jampacked and demands for new approach in supply chain by organization?
E-commerce Omnichannel Fulfillment
On what companies rely on entirely to fulfill demand from segments that cannot be handled effectively on its own?
Ecosystem Partners
Scope 2 emission are functions of (select all correct options)
Electricity Heat & Cooling
Main phases of progressing toward net zero includes:
Establishing a baseline Defining a pathway Overseeing implementation and tracking
"One supply chain fits all." Is this statement correct?
False
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
False
Agile supply chains are those that do not react quickly to changes, delays, and unexpected events to meet customer expectations, outpace the competition and drive growth.
False
Automation of a bad process, using technology, makes it efficient and changes to a good process.
False
Creating a plan and filling it away may lead to true sense of security
False
Demand variation or demand profile, does not influence the stability and consistency of manufacturing assets.
False
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.
False
In the TFC simulation, does an increase in the flexible manpower in the finished goods warehouse decrease the production cost.
False
Lack of alignment causes failure of supply chain practices
False
Product leadership is best displayed by which supply chains?
Fast, continuous portfolio renewal Long development, rapid deployment
When there is disruption in supply, maintaining solid relationship with partners earn you?
Flexibility
Which type of product with long life cycles and relatively small demand variability require cost efficient supply chain that can be offshored.
Functional Product
Company's drive for decarbonization and sustainability can become a magnet for
High-performing talent
When the delivery reliability of a supplier is lower than expected, it can cause. (select correct options)
Increase in overhead costs Increase in handling costs
What will be the new technology evolution in Supply Chain world?
Industry 5.0
Companies bringing up new products and services into the market and continually attracting the customer is which characteristics
Innovative
The main purpose behind article 3 is?
Linking strategy and supply chain
Ikea, Amazon, Walmart, etc. supply chains are __________ dominant.
Logistics & procurement
Which of the following Digital Technology platforms help support a tailored supply chain?
Network Optimization Analytics Artificial Intelligence Machine learning
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
None of the options are correct
Inbound order lines indicate?
Number of order lines received
Measure for the level of availability of finished product on the retailer shelf is referred to as?
On Shelf Availability
Companies typically try to grow their revenues, cut their costs, and reduce their Scope 1 and 2 emissions by ________ their own operations.
Optimizing
What are the type of flavor's TFC offers?
Orange Orange C-Power Orange/Mango
In the TFC simulation, packaging is delivered in which trade unit?
Pallet
Machine learning and artificial intelligence play a key role in providing (
Personalized last mile delivery Direct- to consumer offering
Clock-speed refers to the speed of an industry at which it introduces new?
Processes and organizational structures Products Government and regulatory processes Manufacturing operations for repair and maintenance
A new product fits into which of the category
Product Leadership
Developing and application of new ideas fall into which of the below category?
Product Leadership
The way supply chains are managed strongly affects an organizations competitiveness in areas such as:
Product cost Working capital requirements Speed of market Service perception
Real-time demand data can be used to determine transhipment decisions of?
Raw-material Work-in progress Finished Product
Resilience measures a company's ability to quickly _____________, ___________ to and _____________ from a disruption to your supplier network.
Recognize, react , recover
Supply chain resilience refers to the ability of a given supply chain to? (select the incorrect option)
Recover slowly from its disruption state to a more desirable state
Fundamental objective in any lean program is the need to?
Reduce Waste
Which of the following is not included in the basic Supply Chain Carbon Footprint/Environmental Impact Reduction strategy.(select incorrect option)
Research and Development
A resilient supply chain requires two critical capacities: the capacity for ___________ and the capacity for ___________.
Resistance, recovery
Which major factors affect ROI?
Revenue Cost Investments
Every disruption is different and presents a unique set of ________
Risks
Companies align their partners' interests with their own is by redefining the terms of their relationships so that firms share which of the following?
Risks Cost Rewards
Companies can align their partners interests with their own by redefining the terms of their relationships so that firms can share?
Risks Costs Rewards equitably
Emission calculations are usually based on: (select correct options)
Rough activity data Standard (meaning average) emission factors
Management should focus on promoting continuous renewal which is supported by three main capabilities:
Short time from idea to market End-to-end efficiency to ensure affordable costs for customers Maximum levels of forecast accuracy in order to reduce market mediation cost
Internal processes, provides an orientation that ensure a proper connection and combination within the supply chain activities that fall under the categories of
Source, make and deliver
Building an adaptable supply chain requires the following key components
Spot new trends Capability to change supply networks
Dell company falls under which category:
Stable Demand, Volatile Supply
Which of the following are Supply chain Nodes?
Supplier and Company Manufacturing facilities Warehouses and Distribution centres Retail Outlets Return and Repair operations Consolidation points
The ability of supply chain to detect, respond and recover from changed condition refers to________
Supply Chain Resilience
11. Complete the sentence, "Greater the length of a supply chain, _________________".
The higher the risk of supply chain disruption
When is minimum order size policy of full truck load recommended?
Transportation cost is high
Within the industry framework, there are four main drivers affecting supply chain design, please identify all incorrect choices below.
Transportation time
A well-informed sales force can communicate an organization's low-carbon value proposition effectively to customers.
True
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.
True
Commercial supply chains must learn from military logistics how to best deliver vaccines in the event of a future pandemic
True
Companies that adapt supply chains when they modify strategies often succeed in launching new products or breaking into new markets.
True
Customers can program the company's integrated circuits via the Internet for different applications after purchasing the basic product.
True
Demand planning: having clear picture regarding raw material and finished products.
True
Diffusion of best practices should not be limited from the private to public sector.
True
Digital assistants and connected household device help customer place order, track orders, and coordinate returns from any location
True
Efficient supply chains often become uncompetitive because they don't adapt to changes in the structures of markets.
True
Forging an alliance is a pivotal element in achieving sustainability and decarbonization
True
Gross Margin is the difference between revenue and cost of good.
True
In the TFC simulation, large delivery windows will require more safety stock to provide the same availability of components.
True
In the TFC simulation, purchase value includes price of components including transport costs.
True
Indirect expenses are counted as overhead cost.
True
Inventory management is a key piece of the supply chain puzzle
True
Longer supply chains are vulnerable to disruption by external shocks.
True
Managing carbon emissions in an extended value chain has become a strategic necessity for organizations
True
New information and manufacturing technologies provide great potential for improving resiliency and productivity in response to real-time demand analysis.
True
Process innovations, new technologies, and new alliances will all demand constant upskilling of staff.
True
Reliability of production relative to production plan is referred to as Production Plan Adherence
True
SMED stands for, "Single minute exchange of die"
True
Self-driving vehicles could be more energy efficient both in the management of speed and fuel consumption as well as following energy optimized routing algorithms.
True
Sourcing with distant suppliers may become the exception rather than a rule in the future.
True
Standardizing of raw material and limiting variety reduces sourcing complexity.
True
Stocks that are not delivered within its shelf life are called Obsolete.
True
Strategies such as Drop Shipping, Cross Docking, and Direct to Consumer Shipping all reduce transit times and energy consumption.
True
Successful digitizing supply chain requires large scale sensor implementation.
True
Supplier- side redundancy is a crucial element of supply chain resilience.
True
Supply Chains need to be able to quickly detect, respond to, and recover from changed conditions.
True
The increase in customer expectations is driving the development of the business-to-business(B2B) e-commerce market.
True
The supply chain talent critical to support ongoing industry advances, solutions and frameworks
True
Wearable devices transmit data indicating customer usage, location, and frequency.
True
Four key characteristics that make up a customer-centric supply chain?
Trustworthy relations Agile Operations Focus on innovation Tailored Fulfillment
According to the article "10 Supply Chain Trends to Watch for in 2022", digital supply chains will continue to be essential elements of which of the following trends?
Visibility Resilience Agility
Supply chain mapping provides visibility of ______
a. The supplier's supplier