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
