Supply Chain Management #1

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SRM software should be capable of

All of these

Which of the following can be classified as the 3PL?

All of these

The following supply chain concept was introduced in the 1990s in an attempt to reduce waste and increase performance

Business Process Engineering

The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the manufacturer of the defect.

False

The possibility of events like strikes, assembly line breakdowns, and natural disasters are all reasons a company should favor using a single supplier

False

The total cost of ownership concept does NOT include quantitative factors

False

Trends in supply chain management include expansion of the supply chain and decreasing supply chain visibility

False

Which of the following is a current rend in supply chain management?

Greening of supply chains

Supply Chain Management

"The planning and mangement of all activities involved in sourcing and procurement, conversion, and all logistics management activity."

According to the text, key ingredients for developing successful supply partnerships include all of the following except:

Individualized Objectives

Supply Chain

Is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products, services, finances, and information from a source to a customer

Which of the following is a reason to make a product within a firm?

To protect proprietary property or technology

Distribution is one of the foundations of supply chain management. Which of the following belongs to distribution?

Transportation Management

Decentralized purchasing is the practice where individual, local purchasing departments throughout a single corporation make their own, individual purchasing decisions to fufull their individual local needs

True

Generally, firms outsource noncore activities while focusing on core competencies

True

Key activities of supply chain management include negotiations, logistics, contract development and administration, inventory control and management, and supplier management.

True

Reasons for buying items instead of making them can include cost advantage, insufficient capacity, lack of expertise, and quality

True

Reverse logistic activities include the return of defective and damaged items to the manufacturer, and the recycling of used packaging.

True

The assembly and production of finished products, producing the right amount of product, and ensuring that finished products meet specific quality, cost, and customer service requirements can all be considered elements of operations

True

The purchase order is NOT a legally binding contract until it is accepted by the supplier

True


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