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?
