SCM 4390 Exam 1
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.
All options are correct
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
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
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
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
Is Supply chain talent critical to support ongoing industry advances, solutions and frameworks?
True
Longer supply chains are vulnerable to disruption by external shocks.
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
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
Wearable devices transmit data indicating customer usage, location, and frequency.
True
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? (select the correct options)
Visibility, Resilience, agility
When is minimum order size policy of full truck load recommended?
Transportation cost is high
Agility is founded on
All options are correct
Clock-speed refers to the speed of an industry at which it introduces new?
All options are correct
Calculate the ROI based on the following information - show your formula. Realized Revenue - $4,895,781 Cost of goods sold - $2,504,321 Gross Margin - $2,391,460 Indirect Cost - $1,861,674 Investment - $4,300,000
...
BRI has attracted criticism for lacking (select correct options)
1. Accountability 2. Transparency
Supply Chain decisions affect company structure in terms of: (select the correct options)
1. Centralization 2. Employee autonomy
What is affecting warehouse getting jampacked and demands for new approach in supply chain by organization? (select the correct options)
1. E-commerce 2. Omnichannel fulfillment
Building an adaptable supply chain requires the following key components (select the correct options)
1. Spot new trends 2. capability to change supply networks
Which of the following tools helps in improving decision making (select the correct options)
1. artificial intelligence 2. machine learning
Visibility helps in achieving the following: - (select the correct options)
1. capture new market 2. customer satisfaction 3. transformation
Product leadership is best displayed by which supply chains? (Select correct options)
1. fast, continuous portfolio renewal 2. long development, rapid deployment
When the delivery reliability of a supplier is lower than expected, it can cause. (select correct options)
1. increase in overhead costs 2. Increase in handling costs
Emission calculations are usually based on: (select correct options)
1. rough activity data 2. standard (meaning average) emission factors
Management should focus on promoting continuous renewal which is supported by three main capabilities: (select the correct options)
1. short time from idea to market 2. end-to-end efficiency to ensure affordable costs for customers 3. maximum levels of forecast accuracy in order to reduce market mediation cost
In the TFC simulation, Fressie orange PET has _____ number per pallet layer.
288
In the TFC simulation, what is the capacity of a tank truck?
30,000 litres
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
Companies align their partners' interests with their own is by redefining the terms of their relationships so that firms share which of the following?
All of the above
Which of the following factors should be considered while updating the supplier network?
All of the options are correct
Key strategies to keep a supply chain resilient include? (select the correct option)
All options are correct
Main phases of progressing toward net zero includes: (select correct option)
All options are correct
Real-time demand data can be used to determine transhipment decisions of?
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.
All options are correct
What are the type of flavours TFC offers?
All options are correct
Which major factors affect ROI?
All options are correct
Which of the following Digital Technology platforms help support a tailored supply chain?
All options are correct
Which of the following are Supply chain Nodes?
All 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)
Artificial intelligence, machine learning
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?
Blockchain
Supply and demand stability is the main feature of?
Continuous supply chain
On what companies rely on entirely to fulfil demand from segments that cannot be handled effectively on its own?
Ecosystem Partners
"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
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
Supplier, and materials, selection criteria should not include elements of environmental impact.
False
The main purpose behind article 3 is?
Linking strategy and supply chain
Ikea, Amazon, Walmart, etc. supply chains are __________ dominant.
Logistics & procurement
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
In the TFC simulation, packaging is delivered in which trade unit?
Pallet
Developing and application of new ideas fall into which of the below category.
Product leadership
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
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 ___________.(fill in the blanks)
Resistance, recovery
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
Complete the sentence, "Greater the length of a supply chain, _________________".
The higher the risk of supply chain disruption
Supply chain mapping provides visibility of ______
The supplier's supplier
For reshaping the supply chain around customer needs, which of the following are important factors? (select correct options)
a. Company's operating model b. Infrastructure c. Digital ecosystem
Machine learning and artificial intelligence play a key role in providing
a. Personalized last mile delivery b. Direct- to consumer offering
Four key characteristics that make up a customer-centric supply chain? (select correct options)
a. Trustworthy relations b. Agile Operations c. Focus on innovation d. Tailored Fulfillment
To achieve sustainable competitive advantage, supply chain needs the following
all of the above
The way supply chains are managed strongly affects an organizations competitiveness in areas such as:
all options are correct
Which organizational structure is best suited for "Operational Excellence"?
centralization
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
Lack of alignment causes failure of supply chain practices
false
Which type of product with long life cycles and relatively small demand variability require cost efficient supply chain that can be offshored.
functional
Within Industry Framework, which of the following drivers does not affect the supply chain design?
none of the options are correct
Companies typically try to grow their revenues, cut their costs, and reduce their Scope 1 and 2 emissions by ________ their own operations.
optimizing
A new product fits into which of the category
product leadership
Resilience measures a company's ability to quickly _____________, ___________ to and _____________ from a disruption to your supplier network. (select correct keywords)
recognize, react, recover
Dell company falls under which category:
stable demand, volatile supply
The ability of supply chain to detect, respond and recover from changed condition refers to________
supply chain resilience
Within the industry framework, there are four main drivers affecting supply chain design, please identify all incorrect choices below.
transportation time
