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Integrating Processes along the Supply Chain MCQ

When the operations strategy category of inventoryattempts to have high inventories in orderto avoid stockouts, then the inventory strategyis aligned with which strategy?

Answer

Correct Answer: Cost strategy

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This risk management activity requires additional time and relationship building:

Answer

Correct Answer: Identify backup suppliers

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This risk management activity identifies appropriate responses:

Answer

Correct Answer: Develop a formal risk management program

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This risk management activity can be costly:

Answer

Correct Answer: Increase safety stocks and forward buying

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This risk management activity can minimize the impactsof supply disruptions:

Answer

Correct Answer: Diversify the supply base

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Lack of process skills is an indication ofwhich process integration obstacle?

Answer

Correct Answer: Lack of knowledge

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Failing to see the big picture is an indication ofwhich process integration obstacle?

Answer

Correct Answer: Silo mentality

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Unwillingness to share information is an indication of which process integrationobstacle?

Answer

Correct Answer: Lack of trust

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_______ is the average percentage of orders that are filled on or before the requested delivery date.

Answer

Correct Answer: Supply chain delivery performance

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_______ is the average number of days between paying for raw materials and getting paid for product.

Answer

Correct Answer: 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.

Answer

Correct Answer: Supply chain production flexibility performance

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_______ is the average percentage of orders that arrive on time, complete, and damage-free.

Answer

Correct Answer: 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?

Answer

Correct Answer: Order fulfillment

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This activity—design and implement customer response procedures—is associated with which key supply chain process?

Answer

Correct Answer: Customer service management

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This activity—develop cross-functional product teams—is associated with which key supply chain process?

Answer

Correct Answer: 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?

Answer

Correct Answer: 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 .

Answer

Correct Answer: True

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Supply chain risk is interruptions in the supply of goods and services in a supply chain caused by _______ .

Answer

Correct Answer: 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 ______ .

Answer

Correct Answer: Stockpiling

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Silo Mentality needs of customers, or assigning few resources toward developing new goods and services .

Answer

Correct Answer: True

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Silo Mentality needs of customers, or assigning few resources toward developing new goods and services .

Answer

Correct Answer: True

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When buyers figure out that rationing is occurring, they inflate their orders to satisfy their real needs known as ______ .

Answer

Correct Answer: Shortage Gaming

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Score model helps to ______ the operations of supply chain members by linking the delivery operations of the seller.

Answer

Correct Answer: Integrate

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A somewhat deeper commitment to the idea of security management compared to basic initiatives.This statement is related to ______ .

Answer

Correct Answer: Reactive Security Initiatives

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Rationing can occur when ______ exceeds a supplier’s finished goods available .

Answer

Correct Answer: Total demand

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Sharing information, collaborating, and coordinating resources to jointly manage a process is known as ______ .

Answer

Correct Answer: 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 _____ .

Answer

Correct Answer: Process

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Proactive Security Initiatives include suppliers and customers.

Answer

Correct Answer: 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 _____ .

Answer

Correct Answer: Order Fulfillment Process

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Order Batching is inventory levels, prior delivery performance, or the desire to order full truckloads.

Answer

Correct Answer: True

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Manufacturing Flow Management Process is the set of activities responsible for _______ the actual product.

Answer

Correct Answer: 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 ______ .

Answer

Correct Answer: Knowledge–Management Solutions

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Key Trading Partners provide a substantial share of the firm’s purchased goods and services .

Answer

Correct Answer: 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 ______ .

Answer

Correct Answer: Information Visibility

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Formal Risk Management Plan performance measures are developed to monitor the firm’s ongoing risk management capabilities .

Answer

Correct Answer: True

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When manufacturers reduce the forward buying of their customers by offering uniform wholesale prices is known as ______ .

Answer

Correct Answer: Everyday Low Pricing

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Emergency sourcing use of backup suppliers .

Answer

Correct Answer: True

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Demand management process balancing _______ and the firm’s production capabilities.

Answer

Correct Answer: Customer demand

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Which of the correct statements about Demand Forecast Updating ?

Answer

Correct Answer: 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 _____ .

Answer

Correct Answer: Customer Service Management Process

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Providing the firm with the structure for developing and managing customer relationships is known as ______ .

Answer

Correct Answer: Customer Relationship Management Process

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Collaborative Education is training trading partner employees .

Answer

Correct Answer: True

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Training trading partner employees is known as _____ .

Answer

Correct Answer: Collaborative Education

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_____ refers primarily to integration software and cloud platforms

Answer

Correct Answer: 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 ?

Answer

Correct Answer: Advanced Security Initiatives

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