Test : DesmondAzazel Technically speaking, which of the following combinations of firms is sufficient to constitute a Supply Chain

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Technically speaking, which of the following combinations of firms is sufficient to constitute a Supply Chain

. Any network of suppliers

. Two suppliers and a customer

. A supplier, a nucleus firm, and a customer

. Two manufacturers and a distributor

. All of the above

True or False? Supply chain management can be applied only to supply chains with a manufacturing company in the middle.

. True

. False

Which of the following processes is part of the SCOR process model?

. Customer relationship management

. Design

. Return

. Marketing

When Henry Ford organized Ford Motor Company to include raw materials extraction and dealerships as well as his assembly lines, he created which of the following?

. Vertical Supply Chain

. Lateral Supply Chain

. U.S. equivalent of keiretsu

. Monopoly

Which of the following is the primary benefit of a vertical supply chain strategy?

. Multiorganization connectivity along the chain

. Economies of scale at each supply chain node

. Control

. Focus on core functions

Which of the following pieces of software exists in versions with the power to tie together supply chain partners?

. ERP

. MRP

. MRP II

. Closed loop MRP

True or false? In a "push" chain, the flow of product is driven by customer demand

. True

. False

True or false? The bullwhip effect is likely to be more pronounced in a push-activated chain than a pull-activated supply chain.

. True

. False

When a retailer protects demand data instead of sharing them with supply chain partners, what does the supply chain lacks?

. Net value

. Variability

. Velocity

. Visibility

Match the description below to the type of product it characterizes: High Margins

. Innovative products

. Functional Products

Match the description below to the type of product it characterizes: Stable Demand

. Innovative products

. Functinal Products

Match the description below to the type of product it characterizes: Relatively frequent stockouts

. Innovative products

. Functional product

Match the description below to the type of product it characterizes: Wide margin of forecast error

. Innovative product

. Functional product

Match the description below to the type of product it characterizes: Relatively long life cycles

. Innovative products

. Functinal products

What of the following would be an appropiate key indicator for an innovative product's supply chain?

. Lean Inventory

. Time-to-market

. Low-cost component supplier

. Integral design

The term "backward integration" refers to which of the following?

. Offshoring

. Reverse supply chain

. Supply chain management before advanced technology was available

. Mergers and acquisitions

True or false? It's best to ignore the landed cost when comparing competing offshore and onshore suppliers.

. True

. False

Which of the following is true of a supply chain process key performance indicator?

. It should promote collaborative behavior across functions

. It should focus on one area or department

. It should be disconnected from overall strategies

. It should ignore interrelationships and interdependencies

Which of the following might be a supply chain KPI for product merchandizing?

. Scrap

. Holding cost

. Total supply chain inventory turns

True or false? The balanced scorecard is intended as a scorecard for tracking business performance without reference to financial impact

. True

. False

True or false? The most effective use of a balanced scorecard is to stimulate a brainstorming session to fill up the four scorcards with as many innovative ideas as possible

. True

. False

In kaizen, change is implemented by which of the following?

. Board of directors

. Team of executives

. Middle management

. Team including employees

True of false? Continous improvement is one aspect of total quality management

. True

. False

If a financial services firm designs an initiative to improve its sales process to the point that its closing ratio at least equals a best-in-class benchmark, it wants the average ratio to be equal to which of the following?

. Ratio of the best salesperson in the firm

. Ratio of the best salesperson in the financial industry

. Ratio of the best firm in the financial industry

. Ratio of the best firm in any industry

The goal of six-sigma process improvement is to reduce defects to a rate of no more than which of the following?

. 6.6 in a million

. 3.4 in a million

. 1 in a million

. Zero

Which of the following is based upon the 80-20 rule?

. Control chart

. Defect measurement

. Root cause analysis

. Pareto Chart

According to six-sigma principles, the definition of quality is determined by which of the following?

. End customer

. Executive-level management

. Employee process improvement team

. ISO 9000 handbook

The use of visual signals (kanban) is generally associated with which of the following?

. Order batching

. Level production

. JIT

. Six sigma

In a work cell, a group of employees deals primarily with which of the following?

. A single product

. A grouping of products with similar manufacturing profiles

. A single, multifunction machine

. Large lot sizes

True or false? One goal of JIT is always to have a buffer in front of every work center to keep the process flowing smoothly.

. True

. False

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