Supply Chain Exam 1 Test Bank
Q&A 2026 Update!!!
Successful supply chain integration in a retail industry
occurs when supply chain participants realize that the
needs and desires of the end item retail consumer dictate
the objectives and policies of all the other supply chain
participants
Correct answer: True
The assembly or production of finished products,
producing the right amount of product, and ensuring that
finished products meet specific quality, cost, and customer
service requirements can all be considered elements of
operations
Correct answer: True
Bullwhip effect
Correct answer: It refers to increasing swings in inventory
in response to shifts in customer demand as one moves
further up the supply chain.
Future trends in supply chain management include
increasing supply chain responsiveness and considering
the negative environmental impacts of supply chains.
Correct answer: True
The Internet and ERP systems have made global
teamwork both possible and necessary for companies
trying to compete in today's global marketplace.
1
,Correct answer: True
According to the textbook, the keys to successful supply
chain management include trust and honest, accurate
communications between supply chain partners.
Correct answer: True
According to the textbook, the end-product manufacturer
is considered the focal firm in modern supply chains.
Correct answer: True
Which of the following is an illustration of a company that
has vertically integrated?
a.
A computer manufacturer that acquires its computer
components supplier
b.
A computer manufacturer that acquires warehouses to aid
in its product distribution
c.
A computer components supplier that begins to assemble
computers for sale to consumers
d.
All of these
Correct answer: D
The term Supply Chain Management and the field of study
it represents today seems to have emerged in the:
Correct answer: 1980s
According to the text, the FOUR important elements of the
supply chain are:
2
, Correct answer: Purchasing, operations, distribution,
intergration
TQM,JIT,MRP,MRPII,ERP,MRO,TCO,3PL
Correct answer: total quality management
Just in time
Maerials requirements planning
manufacturing resource planning
enterprise resource plannign
maintenance repair operations
total cost of ownerhship
third party logistics
Strategic partnerships are seen as one of the foundations
of supply chain management
Correct answer: true
Successful modern supply chain management typically
includes the practice of:
Correct answer: The sharing of information between
supply chain partners
Transportation management, customer relationship
management, network design, and service response
logistics are all important issues that are most closely
related to:
Correct answer: Distribution (logistics)
Which of the following was a popular way in the 1990's of
developing radically new business processes in an effort
to reduce waste and increase performance?
Correct answer: Business process reegnineering
3
Q&A 2026 Update!!!
Successful supply chain integration in a retail industry
occurs when supply chain participants realize that the
needs and desires of the end item retail consumer dictate
the objectives and policies of all the other supply chain
participants
Correct answer: True
The assembly or production of finished products,
producing the right amount of product, and ensuring that
finished products meet specific quality, cost, and customer
service requirements can all be considered elements of
operations
Correct answer: True
Bullwhip effect
Correct answer: It refers to increasing swings in inventory
in response to shifts in customer demand as one moves
further up the supply chain.
Future trends in supply chain management include
increasing supply chain responsiveness and considering
the negative environmental impacts of supply chains.
Correct answer: True
The Internet and ERP systems have made global
teamwork both possible and necessary for companies
trying to compete in today's global marketplace.
1
,Correct answer: True
According to the textbook, the keys to successful supply
chain management include trust and honest, accurate
communications between supply chain partners.
Correct answer: True
According to the textbook, the end-product manufacturer
is considered the focal firm in modern supply chains.
Correct answer: True
Which of the following is an illustration of a company that
has vertically integrated?
a.
A computer manufacturer that acquires its computer
components supplier
b.
A computer manufacturer that acquires warehouses to aid
in its product distribution
c.
A computer components supplier that begins to assemble
computers for sale to consumers
d.
All of these
Correct answer: D
The term Supply Chain Management and the field of study
it represents today seems to have emerged in the:
Correct answer: 1980s
According to the text, the FOUR important elements of the
supply chain are:
2
, Correct answer: Purchasing, operations, distribution,
intergration
TQM,JIT,MRP,MRPII,ERP,MRO,TCO,3PL
Correct answer: total quality management
Just in time
Maerials requirements planning
manufacturing resource planning
enterprise resource plannign
maintenance repair operations
total cost of ownerhship
third party logistics
Strategic partnerships are seen as one of the foundations
of supply chain management
Correct answer: true
Successful modern supply chain management typically
includes the practice of:
Correct answer: The sharing of information between
supply chain partners
Transportation management, customer relationship
management, network design, and service response
logistics are all important issues that are most closely
related to:
Correct answer: Distribution (logistics)
Which of the following was a popular way in the 1990's of
developing radically new business processes in an effort
to reduce waste and increase performance?
Correct answer: Business process reegnineering
3
