SCM 4390- Test 1
T/F: In the TFC simulation, an increase in the flexible manpower in the finished goods warehouse decrease the production cost
False
T/F: Lack of alignment causes failure of supply chain practices
False
T/F: Supplier, and materials, selection criteria should not include elements of environmental impact.
False
Product leadership is best displayed by which supply chains?
Fast, continuous renewal Long development, rapid development
Which type of product with long life cycles and relatively small demand variability require cost efficient supply chain that can be offshored?
Functional product
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 characteristic:
Innovative
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 resillience
T/F: . In the TFC simulation, large delivery windows will require more safety stock to provide the same availability of components.
True
T/F: . Sourcing with distant suppliers may become the exception rather than a rule in the future.
True
T/F: A well-informed sales force can communicate an organization's low-carbon value proposition effectively to customers.
True
T/F: 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
T/F: Commercial supply chains must learn from military logistics how to best deliver vaccines in the event of a future pandemic
True
T/F: Companies that adapt supply chains when they modify strategies often succeed in launching new products or breaking into new markets
True
T/F: Customers can program the company's integrated circuits via the Internet for different applications after purchasing the basic product.
True
T/F: Diffusion of best practices should not be limited from the private to public sector.
True
T/F: Digital assistants and connected household device help customer place order, track orders, and coordinate returns from any location.
True
T/F: Efficient supply chains often become uncompetitive because they don't adapt to changes in the structures of markets
True
T/F: Gross margin is the difference between revenue and cost of good
True
T/F: In the TFC simulation, purchase value includes price of components including transport costs.
True
T/F: Indirect expenses are counted as overhead cost
True
T/F: Is supply chain talent critical to support ongoing industry advances, solutions, and framework?
True
T/F: Longer supply chains are vulnerable to disruption by external shock
True
T/F: New information and manufacturing technologies provide great potential for improving resiliency and productivity in response to real-time demand analysis.
True
T/F: Process innovations, new technologies, and new alliances will all demand constant upskilling of staff.
True
T/F: 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
T/F: Standardizing of raw material and limiting variety reduces sourcing complexity
True
T/F: Stocks that are not delivered within its shelf life are called obsolete
True
T/F: Strategies such as Drop Shipping, Cross Docking, and Direct to Consumer Shipping all reduce transit times and energy consumption
True
T/F: Successful digitizing supply chain requires large scale sensor implementation.
True
T/F: Supplier- side redundancy is a crucial element of supply chain resilience.
True
T/F: Supply chains need to able to quickly detect, respond to, and recover from changed conditions
True
T/F: The increase in customer expectations is driving the development of the business-to-business e-commerce market.
True
T/F: Wearable devices transmit data indicating customer usage, location, and frequency
True
4 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? (select the correct options)
Visibility, Resilience, Agility
T/F: Demand variation or demand profile, does not influence the stability and consistency of manufacturing assets.
False
T/F: 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
T/F: 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
T/F: 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
T/F: Creating a plan and filling it away may lead to true sense of security
False
T/F: "One supply chain fits all"
False
. 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 liters
In TFC simulation, what's the default number of pallet locations in the raw material warehouse?
600
BRI has attracted criticism for lacking (select correct options)
Accountability Transparency
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
1. 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.
Agility, Adaptability, Alignment
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?
Assesment of business relations w/ 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 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
Within Industry Framework, which of the following drivers affect the supply chain design?
Demand variation Relevance of cost of assets Market medication costs Product lifecycle
Key strategies to keep a supply chain resilient include?
Diversification of suppliers Nontraditional partnerships Diversification of transportation process Finding alternative materials
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
Main phases of progressing toward net zero includes: (select correct option)
Establishing a baseline Defining a pathway Overseeing implementation and tracking
The main purpose behind article 3 is?
Linking strategy and supply chain
Ikea, Amazon, Walmart, etc. supply chains are ___________ dominant
Logistics and procurement
Which of the following digital technology platforms help support a tailored supply chain:
Network optimization Analytics Artificial Intelligence Machine learning
Measure for the level of availability of finished product on the retailer shelf is referred to as?
On shelf availability
What are the types of flavors 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 (select correct options)
Personalized last mile delivery Direct-to consumer offering
Supply chain resilience refers to the ability of a given supply chain to:
Prepare for and adapt to unexpected events
Clock-speed refers to the speed of an industry at which it introduces new:
Processes and organizational structures Products Government and reg process Manufacturing operations for repair and maintenance
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
A new product fits into which of the categories:
Product leadership
Developing and application of new ideas fall into which of the below category
Product leadership
Real-time demand data can be used to determine transhipment decisions of?
Raw-material Work-in progress Finish product
Which of the following is not included in the basic Supply Chain Carbon Footprint/Environmental Impact Reduction strategy
Research and development
Which of the following are supply chain Nodes?
Retail outlets Return and repair operations Consolidation points Warehouse and distribution centers Supplier and company manufacturing facilities
What major factors affect ROI?
Revenue Cost Investments
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 emission factors
Management should focus on promoting continuous renewal which is supported by three main capabilities: (select the correct options)
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
SMED stands for:
Single minute exchange of die
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
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
When is minimum order size policy of full truck load recommended?
Transportation cost is high
Which of the following tools helps in improving decision making:
artificial intelligence machine learning
Inbound order-lines indicate?
number of order lines received
Companies typically try to grow their revenues, cut their costs, and reduce their Scope 1 and 2 emissions by ________ their own operations
optimizing
Resilience measures a company's ability to quickly _____________, ___________ to and _____________ from a disruption to your supplier network.
recognize, react, recover
A resilient supply chain requires two critical capacities: the capacity for ___________ and the capacity for ___________.
resistance, recovery
Every disruption is different and presents a unique set of ________
risks
Within the industry framework, there are four main drivers affecting supply chain design, please identify all INCORRECT choices below.
transportation time
