Supply Chain Management: An Overview
Which of the following is a reverse logistics activity?
Customer returning a car to the dealer for warranty repair
The following is an example of the bullwhip effect:
IGT incorrectly anticipates consumer demand resulting in stockouts at several popular retailers
A value-enhancing benefit from supply chain management efforts would be:
Lower purchasing and inventory carrying costs
The term vertical integration means to:
Own/buy your suppliers and/or customers
Which of the following service providers can help to get goods where they need to be in a timely fashion?
Public warehousing firms, trucking/shipping companies, freight forwarders
Which of the following strategies might help eliminate the bullwhip effect?
Reduction in the number of suppliers Reduction of safety stock Manufacturers knowing its customers' purchase plans
bullwhip effect
The continuing cycle of erratic demand causing forecasts to include safety stock which in turn magnify supplier forecasts and cause production planning problems
The one true source of income for all supply chain organizations is
The supply chain's end customer
According to the textbook, which of the following conditions need NOT be present for successful supply chain management:
adversarial relationships
One of the more crucial issues within supply management involves encouraging or helping the firm's suppliers to perform in some desired fashion.
supplier management
When did U.S. manufacturers begin to use mass production techniques to reduce costs and improve productivity?
1950s-1960s
Which of the following can happen because of the bullwhip effect?
Oversupply of goods leading to increased inventory costs
Which of the following terms describes an amplification of the variation in the demand pattern along the supply chain?
bullwhip effect
Which of the following terms is described as rethinking and redesigning of business processes to reduce waste and increase performance?
business process reengineering
A form of inventory management (also referred to just-in-time) is accomplished through use of a:
lean production system
