When the operations strategy category of inventoryattempts to have high inventories in orderto avoid stockouts, then the inventory strategyis aligned with which strategy?
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Cost strategy
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This risk management activity requires additional time and relationship building:
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Identify backup suppliers
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This risk management activity identifies appropriate responses:
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Develop a formal risk management program
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This risk management activity can be costly:
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Increase safety stocks and forward buying
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This risk management activity can minimize the impactsof supply disruptions:
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Diversify the supply base
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Lack of process skills is an indication ofwhich process integration obstacle?
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Lack of knowledge
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Failing to see the big picture is an indication ofwhich process integration obstacle?
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Silo mentality
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Unwillingness to share information is an indication of which process integrationobstacle?
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Lack of trust
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_______ is the average percentage of orders that are filled on or before the requested delivery date.
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Supply chain delivery performance
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_______ is the average number of days between paying for raw materials and getting paid for product.
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Supply chain cash-to-cash cycle time performance
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_______ is the average time required for supply chain members to provide an unplanned 20% increase in production.
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Supply chain production flexibility performance
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_______ is the average percentage of orders that arrive on time, complete, and damage-free.
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Supply chain perfect order fulfillment performance
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This activity—design distribution networks to deliver products on time—is associated with which key supply chain process?
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Order fulfillment
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This activity—design and implement customer response procedures—is associated with which key supply chain process?
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Customer service management
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This activity—develop cross-functional product teams—is associated with which key supply chain process?
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Product development and commercialization
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This activity—develop contingency plans for demand/supply imbalances—is associated with which key supply chain process?
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Demand management
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Supply chain security management Concerned with reducing the risk of intentionally created disruptions in supply chain operations including product and information .
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True
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Supply chain risk is interruptions in the supply of goods and services in a supply chain caused by _______ .
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All of these
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When buyers “stock up” to take advantage of discounted prices, causing order and order timing variances is also known as ______ .
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Stockpiling
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Silo Mentality needs of customers, or assigning few resources toward developing new goods and services .
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True
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Silo Mentality needs of customers, or assigning few resources toward developing new goods and services .
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True
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When buyers figure out that rationing is occurring, they inflate their orders to satisfy their real needs known as ______ .
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Shortage Gaming
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Score model helps to ______ the operations of supply chain members by linking the delivery operations of the seller.
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Integrate
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A somewhat deeper commitment to the idea of security management compared to basic initiatives.This statement is related to ______ .
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Reactive Security Initiatives
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Rationing can occur when ______ exceeds a supplier’s finished goods available .
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Total demand
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Sharing information, collaborating, and coordinating resources to jointly manage a process is known as ______ .
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Process Integration
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A set of activities designed to utilize inputs to produce a good or service for an internal or external customer is known as _____ .
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Process
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Proactive Security Initiatives include suppliers and customers.
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True
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The set of activities that allows the firm to fill customer orders while providing the required levels of customer service at the lowest possible cost is known as _____ .
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Order Fulfillment Process
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Order Batching is inventory levels, prior delivery performance, or the desire to order full truckloads.
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True
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Manufacturing Flow Management Process is the set of activities responsible for _______ the actual product.
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Both a & b
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The ability to “see” into suppliers’ and customers’ operations, collect supply chain data, and make faster decisions is known as ______ .
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Knowledge–Management Solutions
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Key Trading Partners provide a substantial share of the firm’s purchased goods and services .
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True
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The sharing of data in real time required to manage the flow of goods and services between suppliers and customers is known as ______ .
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Information Visibility
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Formal Risk Management Plan performance measures are developed to monitor the firm’s ongoing risk management capabilities .
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Correct Answer:
True
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When manufacturers reduce the forward buying of their customers by offering uniform wholesale prices is known as ______ .
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Everyday Low Pricing
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Emergency sourcing use of backup suppliers .
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True
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Demand management process balancing _______ and the firm’s production capabilities.
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Customer demand
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Which of the correct statements about Demand Forecast Updating ?
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Predictive analysis of historical data to estimate and predict customers' future demand for a product or service
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Providing information to customers and managing all product and service agreements between the firm and its customers is known as _____ .
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Customer Service Management Process
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Providing the firm with the structure for developing and managing customer relationships is known as ______ .
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Customer Relationship Management Process
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Collaborative Education is training trading partner employees .
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Correct Answer:
True
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Training trading partner employees is known as _____ .
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Collaborative Education
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_____ refers primarily to integration software and cloud platforms
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B2B Process Integration
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Which initiatives include full collaboration with key suppliers and customers in developing quick recovery and continuity plans for supply chain disruptions ?
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Correct Answer:
Advanced Security Initiatives
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