Supply Chain Management ch 1,2,3,4
Which model is depicted in the following diagram?
Anticipatory or Push Model
Which one of the following is Not a common mode of transportation in the supply chain?
Car
The following are All common quantitative forecasting models EXCEPT? Exponential Smoothing Naive Forecasting Simple Linear Regression Delphi Method
Delphi Method
Collaborative Planning, Forecasting, and Replenishment (CPFR) creates the bullwhip effect through the sharing of plans, forecasts, and delivery schedules in an effort to ensure a smooth flow of goods and services across a supply chain
False
Companies in the Service Industry do not actually have a real supply chain because they after intangible products
False
Logistics is another name for transportation
False
The Supply Chain Capability Model designed to minimize cost is known as the Responsive model
False
The goals of Supply Chain Management is to increase customer service while increasing inventory and reducing costs.
False
Which of the following forecasting methodologies is considered a qualitative forecasting technique? Historical Analogy Simple Linear Regression Simple Moving Average exponential Smoothing
Historical Analogy
The goals of Supply Chain Management are to
Increase customer satisfaction while reducing inventory and operating expenses
A supply chain consists of
Supplier, manufacturer, and customers
Companies in the services industry do not actually have a real supply chain because they offer intangible products
True
It was intense global competition that led manufacturers to adopt Supply Chain Management (SCM) and other practices such as Just-in-Time (JIT).
True
Just-in-time is a philosophy of manufacturing based on the planned elimination of all waste and continuous productivity improvement.
True
The foundation elements of Supply Chain Management are; Integration, Supply Management, Logistics Management, and Operations Management
True
The term "Logistics " refers to a network of independent companies that work together and coordinate their actions to deliver products or services to the market for the benefit of all companies in the network.
True