90 exam 1

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Four key characteristics that make up a customer-centric supply chain 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

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

block chain

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) a. Visibility b. Resilience c. Agility d. Durability e. All options are correct

visibility, resilience, agilty

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 correct options) a. Company's operating model b. Infrastructure c. Digital ecosystem d. None of the options are correct

companys 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

A measurement of utilization of the total storage capacity of a warehouse or storage facility is termed as a. Pallet Utilization b. Cube Utilization c. Warehouse Utilization d. All of the above

cube utilization

The agreed percentage of the number of units that will be delivered on or before the promised time is termed as, a. Delivery Reliability b. Lead time c. Delivery Window d. None of the above

delivery reliability

Which of the processes or strategies mentioned below reduces transit time and energy consumption(select all correct options) a. Drop Shipping b. Air Freight c. Cross decking d. Direct to customer shipping

drop shipping, cross decking, direct to customer shipping

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

Scope 2 emission are functions of a. Electricity b. Heat & Cooling c. Air d. Inventory

electricity, heat & cooling

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

Automation of a bad process, using technology, makes it efficient and changes to a good process.

false

Creating a plan and filling it away may lead to true sense of security

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

Lack of alignment causes failure of supply chain practices

false

Supplier, and materials, selection criteria should not include elements of environmental impact

false

Product leadership is best displayed by which supply chains? a. Efficient, lowest costs b. Fast, continuous portfolio renewal c. Agile & flexible, focused on customer problems d. Long development, rapid deployment e. Custom-configured f. No choices are correct

fast portfolio renewal, long development with rapid deployment

When there is disruption in supply, maintaining solid relationship with partners earn you? a. Trust b. Money c. Inventory d. Flexibility

flexibility

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

Company's drive for decarbonization and sustainability can become a magnet for a. Profit margin b. Obsoletion c. High-performing talent d. Reduced cost

high performing talent

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 overheard costs, increase in handling costs

Companies bringing up new products and services into the market and continually attracting the customer is which characteristic a. Agile b. Innovative c. Tailored d. Trustworthy

innovative

Ikea, Amazon, Walmart, etc. supply chains are __________ dominant a. Logistics & procurement b. Sales c. Marketing d. R&D

logistics & procurement

________ sourcing is responsible for geographically dispersed network a. Direct b. Indirect c. High cost d. Low cost

low cost

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 availibility

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

What are the type of flavours 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) a. Personalized last mile delivery b. Direct- to consumer offering c. Cheap price products d. Free Delivery

personalized last minute 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

Resilience measures a company's ability to quickly _____________, ___________ to and _____________ from a disruption to your supplier network. a. Reappear, re-establish, restructure b. Reinforce, reject, repair c. Replace, reform, realise d. 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

Fundamental objective in any lean program is the need to? a. Reduce Cost b. Reduce Inventory c. Increase efforts d. Reduce Waste

reduce waste

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 ___________ a. Reduce, recycle b. Restructure, re-establish c. Resistance, recovery

resistance, recovery

Every disruption is different and presents a unique set of ________ a. Opportunity b. Scenario c. Risks d. Events

risks

Emission calculations are usually based on: (select correct options) a. Rough activity data b. Standard (meaning average) emission factors c. Geographic conditions

rough activity data, standard emission factors

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 and 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

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

Complete the sentence, "Greater the length of a supply chain, _________________

the higher the risk of disruption

Supply chain mapping provides visibility of ______ a. Future Requirement b. Optimized routes c. Logistics route d. The supplier's supplier

the supplier's supplier

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 costs are 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

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

Demand planning: having clear picture regarding raw material and finished products?

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

Forging an alliance is a pivotal element in achieving sustainability and decarbonization

true

Gross Margin is the difference between revenue and cost of good.

true

In the TFC simulation, purchase value includes price of components including transport costs.

true

Indirect expenses are counted as overhead cost.

true

Inventory management is a key piece of the supply chain puzzle

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

Reliability of production relative to production plan is referred to as Production Plan Adherence

true

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 litres

What is the operator cost per annum in TFC

40,000 Euros

What is the typical net zero-carbon target gap that executives will see after executing all no-regret decarbonization levers? a. 20% - 40% b. 10%- 50% c. 50% - 70% d. 70% - 90%

50-70%

In TFC simulation, what's the default number of pallet locations in the raw material warehouse?

600

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

BRI has attracted criticism for lacking (select correct options) a. Potential b. Accountability c. Transparency d. Sustainability

Accountability and transparency

Which of the following helped H&M, Mango and ZARA to become Europe's most profitable apparel brand? a. Adaptability b. Agility

Agility

Sourcing with distant suppliers may become the exception rather than a rule in the future.

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

Demand variation or demand profile, does not influence the stability and consistency of manufacturing assets.

False

In the TFC simulation, does an increase in the flexible manpower in the finished goods warehouse decrease the production cost?

False

ROI formula

ROI = (Gross Margin- Indirect Cost)/Investment x 100 OR Profit/Investment x 100 (Gross Margin- Operating Cost = Profit)

Wearable devices transmit data indicating customer usage, location, and frequency.

true

Customers can program the company's integrated circuits via the Internet for different applications after purchasing the basic product.

True

In the TFC simulation, large delivery windows will require more safety stock to provide the same availability of components.

True

Managing carbon emissions in an extended value chain has become a strategic necessity for organizations

True

Standardizing of raw material and limiting variety reduces sourcing complexity.

True

The increase in customer expectations is driving the development of the business-to-business(B2B) e-commerce market?

True

Is Supply chain talent critical to support ongoing industry advances, solutions and frameworks?

Yes

Management should focus on promoting continuous renewal which is supported by three main capabilities 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

a c d

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

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

Which major factors affect ROI? a. Revenue b. Cost c. Investments d. All options are correct

all

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 e. All the options are correct

all

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 are correct

Key strategies to keep a supply chain resilient include? a. Diversification of suppliers, production capabilities b. Nontraditional partnerships c. Diversification of transportation processes d. Finding alternative materials e. All options are correct

all 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 are correct

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 of the above

Companies align their partners' interests with their own is 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 of the above

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 of the above

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 of the above

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

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

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 options are correct

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 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

Which two trends are foundational to integrating people, processes and systems in a wide array of operational environments? a. Artificial intelligence b. Machine Learning c. Visibility d. Supply chain agility

artificial intelligence, machine learning

Visibility helps in achieving the following (select the correct options) a. Business goals b. Capture new market c. Customer satisfaction d. Transformation

b c d


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