supply chain

When completing a math problem in excel, you must use an ______ sign an order for excel to complete the operation

Equal

Supply chain management starts with understanding the flow (tf)

True

The make-to-order (or build-to-order) strategy takes longer for customer orders to be filled than the make-to-stock (or build-to-stock) strategy (tf)

True

The objective of mass customization is to increase variety for customers while also realizing the cost advantages of high volume continuous and line flow processes (tf)

True

among other advantages, preferred suppliers are more likely to provide cost efficiency due to economies of scale (tf)

True

the purchasing tool describes as "a detailed capabilities document used to determine a supplier's capability and interest in the production of a product or service" is called a request for proposal (tf)

True

which of the following describes "fluctuating demand"

customers desire for the products varies over time

according to the article, what are two (among many) factors which influence how a company will set up its supply chain

escalating globalization and changing customer expectations

what is a synonym for "span" in the third paragraph

extend over

which of the following is a correct, very simple description of this supply chain flow

describing the steps to get fresh produce from south america to u.s. consumers

What are two advantages to the single-source supplier strategy

Better prices and easier to manage supplier relationships

which of the following is not a common mode of transportation for materials or products in the supply chain

Bus

What is the purpose of a two-way performance scorecard

Collaboratively identify areas for improvement

List three ways that you have had to use teamwork in supply chain

Communication, work together, respect

what are two u.s. government agencies that will likely determine whether the fresh produce in this reading can be purchased by a consumer

Department of agriculture and customs and border

If your company is currently functioning in a high-risk environment, which would be better

Distributing your sourcing decisions among several suppliers

A strategic partnership with a supplier

Is a commitment over an extended period to work together to the benefit of both parties

Which of the following manufacturing strategies has the potential for excess inventory, and can also cause companies to struggle to make the correct product at the correct time in the correct quantities

Make to stock

Buying materials and components from suppliers instead of making them in house is know as

Outsourcing

What is the difference between "qualitative" and "quantitative" measures

Qualitative relates to perceptions, opinions, and non-numerical evaluations, while quantitative relates to numbers and data

What does "transparency" mean in this paragraph

Relatively easy access to a company's policies and procedures

What may determine how a company chooses an operations management strategy

The nature of the products or services the company provides

Which of the following is not included in operations management

Creating a business strategy

in the supply chain flow described here, one company maintains control of the product from one end to end (tf)

False

When completing a math problem and neck so you put the order of operations within the _________ ____ above the cells

Formula bar

what term is used to describe when a product can be taken off the boat and brought to shore

Inspected

How often should a company evaluate its suppliers

Regularly

List one of the many career options we have discussed that are in supply chain

Logistics analyst

What is the main function of operations management

Manage the business function for the process of creating goods and services of a particular company

In the context of this paragraph, what does the word "execution" mean

Put into place

Lead time

Some monthly magazines have a lead time of six months or more

List three ways a supply chain company could use a forecast when planning

Stock, assemble, shipping

which of the following is not a reason to have a single supplier

To spread the risk of a supply disruption

One disadvantage of a make-to-order (or build-to-order) strategy is that companies do not have a ready supply of inventory to sell (tf)

True

The SCOR model includes all the following except

Work

Which of the following is the best description of a preferred supplier

a supplier who best meets your company's overall purchasing requirements

which of the following have affected the development of supply chain management

innovation, technology and the internet

is supply chain management a well established field or one that is still developing

it is developing and responding to many different changes

how else can you express the idea "concept to customer"

original idea to product in customer's hand

what is another word for cold storage

refrigeration

which of the following correctly identifies the manufacturers tier 1 supply chain partners

supplier c and customer c

what are the two main goals of operations management

to convert materials and labor into goods and services and maximize profits for the company

why is it necessary to have so many inspections

to make sure quality is maintained

true or false strategic sourcing is a comprehensive approach for locating and sourcing key suppliers, which often includes the business process of analyzing the total-spend by material category(tf)

true

out of the following options, which one would be considered a weakness(something a company can control)

your logistics process creates delayed shipping for your customers