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