SupplyChainStrategy
Clock-speed refers to the speed of an industry at which it introduces new? a. Processes and organizational structures b. Products c. Government and regulatory processes d. Manufacturing operations for repair and maintenance e. All options are correct
All options are correct
Product leadership is best displayed by which supply chains? (Select correct options) a. Efficient, lowest costs b. Fast, continuous portfolio renewal c. Agile & flexible, focused on customer problems d. Long development, rapid deployment e. Custom-configured
Fast, continuous portfolio renewal Long development, rapid deployment
Which type of product with long life cycles and relatively small demand variability require cost efficient supply chain that can be offshored. a. Innovative Product b. New Product c. Functional Product d. All options are correct
Functional Product
When the delivery reliability of a supplier is lower than expected, it can cause. (select correct options) a. Increase in overhead costs b. Decrease in overhead and handling costs c. Increase in handling costs d. No options are correct
Increase in overhead costs Increase handling costs
What will be the new technology evolution in supply chain world? a. Industry 5.0 b. Industry 6.0 c. Industry 4.0 d. Industry 7.0
Industry 5.0
Companies bringing up new products and services into the market and continually attracting the customer is which characteristics a. Agile b. Innovative c. Tailored d. Trustworthy
Innovative
Dell company falls under which category: a. Stable Demand, Stable Supply b. Volatile Demand, Volatile Supply c. Stable Demand, Volatile Supply d. Volatile Demand, Stable Supply
Stable Demand, Volatile Supply
The ability of supply chain to detect, respond and recover from changed condition refers to________ a. Value Chain b. Block Chain c. Supply Chain Resilience d. None of the options are correct
Supply Chain Resilience
A well-informed sales force can communicate an organization's low-carbon value proposition effectively to customers. (T/F)
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. (T/F)
True
Commercial supply chains must learn from military logistics how to best deliver vaccines in the event of a future pandemic (T/F)
True
Companies that adapt supply chains when they modify strategies often succeed in launching new products or breaking into new markets. (T/F)
True
Customers can program the company's integrated circuits via the Internet for different applications after purchasing the basic product. (T/F)
True
Diffusion of best practices should not be limited from the private to public sector. (T/F)
True
Digital assistants and connected household device help customer place order, track orders, and coordinate returns from any location. (T/F)
True
Efficient supply chains often become uncompetitive because they don't adapt to changes in the structures of markets. (T/F)
True
Gross Margin is the difference between revenue and cost of good. (T/F)
True
In the TFC simulation, large delivery windows will require more safety stock to provide the same availability of components (T/F)
True
In the TFC simulation, purchase value includes price of components including transport costs. (T/F)
True
Indirect expenses are counted as overhead cost. (T/F)
True
Is Supply chain talent critical to support ongoing industry advances, solutions and frameworks?(T/F)
True
Longer supply chains are vulnerable to disruption by external shocks. (T/F)
True
New information and manufacturing technologies provide great potential for improving resiliency and productivity in response to real-time demand analysis. (T/F)
True
Process innovations, new technologies, and new alliances will all demand constant upskilling of staff. (T/F)
True
SMED stands for, "Single minute exchange of die" (T/F)
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.(T/F)
True
Sourcing with distant suppliers may become the exception rather than a rule in the future. (T/F)
True
Standardizing of raw material and limiting variety reduces sourcing complexity (T/F)
True
Stocks that are not delivered within its shelf life are called Obsolete. (T/F)
True
Strategies such as Drop Shipping, Cross Docking, and Direct to Consumer Shipping all reduce transit times and energy consumption. (T/F)
True
Successful digitizing supply chain requires large scale sensor implementation. (T/F)
True
Supplier- side redundancy is a crucial element of supply chain resilience (T/F)
True
Supply Chains need to be able to quickly detect, respond to, and recover from changed conditions. (T/F)
True
The increase in customer expectations is driving the development of the business-to-business ecommerce market ? (T/F)
True
Wearable devices transmit data indicating customer usage, location, and frequency. (T/F)
True
Four key characteristics that make up a customer centric supply chain? (select correction options) a. Trustworthy relations b. Agile Operations c. Focus on innovation d. Tailored Fulfillment e. Collaborative Partnerships
Trustworthy relations Agile Operations Focus on innovation Tailored Fulfillment
Digital Supply Chains will continue to be essential elements of these three trends ______,________,________ a. Visibility b. Resilience c. Agility d. Durability e. All options are correct
Visibility Resilience Agility
Agility is founded on a. Capable processes b. strong culture of teamwork and collaboration c. High involvement problem solving d. bottom up decision making e. All options are correct
All options are correct
Which of the following tools helps in improving decision making (select the correct options) a. SAP b. Artificial Intelligence c. Microsoft Excel d. Machine Learning
Artificial Intelligence Machine Learning
Supplier, and materials, selection criteria should not include elements of environmental impact. (T/F)
False
In the TFC simulation, Fressie orange PET has _____ number per pallet layer. a. 140 b. 288 c. 120 d. 90
288
In the TFC simulation, what is the capacity of a tank truck? a. 20,000 litres b. 50,000 litres c. 30,000 litres d. 15,000 litres
30,000litres
In TFC simulation, what's the default number of pallet locations in the raw material warehouse? a. 600 b. 900 c. 1500 d. 1000
600
BRI has attracted criticism for lacking (select correct options) a. Potential b. Accountability c. Transparency d. Sustainability
Accountability Transparency
Configuration and downstream should be considered under a. Agile Supply Chain b. Adaptable Supply Chain c. Aligned Supply Chain d. None of the above
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" a. Adaptability b. Flexibility c. Agility d. Durability
Agility
Which of the following helped H&M, Mango and ZARA to become Europe's most profitable apparel brand? a. Adaptability b. Agility
Agility
The way supply chains are managed strongly affects an organizations competitiveness in areas such as: a. Product cost b. Working capital requirements c. Speed of market d. Service perception e. All options are correct f. None of the options are correct
All of the above
Companies can align their partners interests with their own by redefining the terms of their relationships so that firms can share, please identify all correct choices below. a. Risks b. Costs c. Rewards equitably d. All options are correct e. None of the options are correct
All options are correct
Key strategies to keep a supply chain resilient include? (select the correct option) a. Diversification of suppliers, production capabilities b. Nontraditional partnerships c. Diversification of transportation processes d. Finding alternative materials e. All options are correct
All options are correct
Main phases of progressing toward net zero includes: (select correct option) a. Establishing a baseline b. Defining a pathway c. Overseeing implementation and tracking d. All options are correct
All options are correct
Real-time demand data can be used to determine transhipment decisions of? a. Raw-material b. Work-in progress c. Finished Product d. All options are correct
All options are correct
Seven-Eleven Japan (SEJ) is an example of a company that builds its supply chain on, _____ stays ahead of its rivals, please identify the correct choice below. a. Agility b. Adaptability c. Alignment d. All options are correct
All options are correct
What are the type of flavours TFC offers? a. Orange b. Orange C-Power c. Orange/Mango d. All options are correct
All options are correct
Which major factors affect ROI? a. Revenue b. Cost c. Investments d. All options are correct
All options are correct
Which of the following Digital Technology platforms help support a tailored supply chain? a. Network Optimization b. Analytics c. Artificial Intelligence d. Machine learning e. All options are correct
All options are correct
Which of the following are Supply chain Nodes? a. Supplier and Company Manufacturing facilities b. Warehouses and Distribution centres c. Retail Outlets d. Return and Repair operations e. Consolidation points f. All options are correct
All options are correct
Companies align their partners' interests with their own by redefining the terms of their relationships so that firms share which of the following? a. Risks b. Cost c. Rewards d. All the above
All the above
To achieve sustainable competitive advantage, supply chain needs the following a. Agility b. Adaptability c. Alignment d. All the above
All the above
Which of the following factors should be considered while updating the supplier network? a. Assessments of business relationships with all current suppliers b. List of potential alternatives c. Business analysis of the most critical suppliers based on SKU's d. Plan of action listing in case of any disruption All the options are correct
All the options are correct
Which two trends are foundational to integrating people, processes and systems in a wide array of operational environments? (select the correct options) a. Artificial intelligence b. Machine Learning c. Visibility d. Supply chain agility
Artificial Intelligence and Machine Learning
During demand variability customer move to opportunistic approach by looking for product with a. Quality b. Availability c. Life cycle d. Best Price
Best Price
How can full traceability across value chain from farm to factory, to transportation and distribution to final delivery be traced? a. Value Chain b. 5G connection c. Block Chain d. Mobile Devices
Blockchain
Visibility helps in achieving the following (select the correct options) a. Business goals b. Capture new market c. Customer satisfaction d. Transformation
Capture new market Customer satisfaction Transformation
Which organizational structure is best suited for "Operational Excellence"? a. Decentralization b. Centralization
Centralization
Supply Chain decisions affect company structure in terms of: (select the correct options) a. Centralization b. Decentralization c. Employee autonomy d. Customer intimacy
Centralization, Employee autonomy
For reshaping the supply chain around customer needs, which of the following are important factors? (select all correct options) a. Company's operating model b. Infrastructure c. Digital ecosystem d. None of the options are correct
Company's operating model Infrastructure Digital ecosystem
Supply and demand stability is the main feature of ? a. Agile Supply Chain b. Continuous Supply Chain c. Custom Configured Supply Chain d. Flexible Supply Chain
Continuous Supply Chain
What is affecting warehouse getting jampacked and demands for new approach in supply chain by organization? (select the correct options) a. Increase in population b. E-commerce c. Increasing cost d. Omnichannel Fulfillment
E-commerce Omnichannel fulfillment
On what companies rely on entirely to fulfil demand from segments that cannot be handled effectively on its own? a. Supply Chain models b. Ecosystem Partners c. Third party vendors d. None of the options are correct
Ecosystem Partners
"One supply chain fits all." Is this statement correct? (T/F)
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? (T/F)
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. (T/F)
False
Demand variation or demand profile, does not influence the stability and consistency of manufacturing assets (T/F)
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. (T/F)
False
In the TFC simulation, does an increase in the flexible manpower in the finished goods warehouse decrease the production cost? (T/F)
False
Lack of alignment causes failure of supply chain practices (T/F)
False
The main purpose behind article 3 is? a. Different customers b. Ways of acquiring market c. Linking strategy and supply chain d. Department interconnections
Linking strategy and supply chain
Ikea, Amazon, Walmart, etc. supply chains are __________ dominant. a. Logistics & procurement b. Sales c. Marketing d. R&D
Logistics & procurement
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? a. Number of order lines received b. Future orders c. Number of orders processed d. Number of orders dispatched
Number of order lines recieved
Measure for the level of availability of finished product on the retailer shelf is referred to as? a. Product life b. Obsoletion period c. On Shelf Availability d. None of the options are correct
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. a. Optimizing b. Expanding c. Amplify
Optimizing
In the TFC simulation, packaging is delivered in which trade unit? a. FTL b. Pallet Layer c. IBC's d. Pallet
Pallet
Machine learning and artificial intelligence play a key role in providing (select correct options) a. Personalized last mile delivery b. Direct- to consumer offering c. Cheap price products d. Free Delivery
Personalized last mile delivery Direct-to consumer offering
A new product fits into which of the category a. Product Leadership b. Operational Excellence c. Customer Intimacy d. All the above
Product Leadership
Developing and application of new ideas fall into which of the below category a. Product Leadership b. Operational Excellence c. Customer Intimacy d. All the above
Product Leadership
Calculate ROI
ROI = Net income / Cost of investment x 100
Resilience measures a company's ability to quickly _____________, ___________ to and _____________ from a disruption to your supplier network. (select correct keywords) a. Reappear, re-establish, restructure b. Reinforce, reject, repair c. Replace, reform, realise Recognize, react , recover
Recognize React Recover
Supply chain resilience refers to the ability of a given supply chain to? (select the incorrect option) a. Prepare for and adapt to unexpected events b. Recover slowly from its disruption state to a more desirable state c. Quickly adjust to sudden disruptive changes that negatively affect supply chain performance d. Continue functioning during a disruption to a more desirable state
Recover slowly from its disruption state to a more desirable state
Which of the following is not included in the basic Supply Chain Carbon Footprint/Environmental Impact Reduction strategy.(select incorrect option) a. Executive support b. Node supplier selection/Management Involvement c. Research and Development d. Logistics/ Link supplier selection/ Management e. Technology
Research and Development
A resilient supply chain requires two critical capacities: the capacity for ___________ and the capacity for ___________.(fill in the blanks) a. Reduce, recycle b. Restructure, re-establish c. Resistance, recovery
Resistance Recovery
Emission calculations are usually based on: (select correct options) a. Rough activity data b. Standard (meaning average) emission factors Geographic conditions
Rough activity data Standard (meaning average) emission factors
Management should focus on promoting continuous renewal which is supported by three main capabilities: (select the correct options) a. Short time from idea to market b. Minimum levels of forecast accuracy in order to reduce market mediation cost c. End-to-end efficiency to ensure affordable costs for customers d. Maximum levels of forecast accuracy in order to reduce market mediation cost
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 a. Source and make b. Make and deliver c. Source and deliver d. Source, make and deliver
Source, make, deliver
Building an adaptable supply chain requires the following key components (select the correct options) a. Spot new trends b. Finance c. Distribution center d. Capability to change supply networks
Spot new trends Capability to change supply networks
Complete the sentence, "Greater the length of a supply chain,______________" a. The lower the risk of supply chain disruption b. There is no risk of supply chain disruption c. The higher the risk of supply chain disruption
The higher the risk of supply chain disruption
When is minimum order size policy of full truck load recommended? a. Demand is high b. New product Launch c. Transportation cost is high d. Labor cost is high
Transportation cost is high
Within the industry framework, there are four main drivers affecting supply chain design, please identify all incorrect choices below. a. Demand variation b. Market medication cost c. Transportation time d. Product lifestyle
Transportation time
Supply chain mapping provides visibility of ______ a. Future Requirement b. Optimized routes c. Logistics route d. The supplier's supplier
The supplier's supplier