Test-Bank-for-Principles-of-Supply-Chain-Management-A-Balanced-Approach-3rd-Edition-by-Wisner

Chapter 1—Introduction to Supply Chain Management TRUE/FALSE 1. According to the textbook, the keys to successful supply chain management include trust and honest, accurate communications between supply chain partners. ANS: T PTS: 1 REF: p. 2-9 2. According to the textbook, rapidly changing communication technology makes the development of global partnerships more difficult than in the past. ANS: F PTS: 1 REF: p. 5 3. According to the textbook, supply chains include raw material suppliers, intermediate component manufacturers, end-product manufacturers, wholesale distributors, and retailers. ANS: T PTS: 1 REF: p. 6 4. According to the textbook, retail stores are considered the focal firms in modern supply chains. ANS: F PTS: 1 REF: p. 6 5. Reverse logistics activities include the return of defective and damaged items to the manufacturer, and the recycling of used packaging. ANS: T PTS: 1 REF: p. 6 6. Trucking companies, airfreight shipping companies, and information system providers can all be considered service providers to the supply chain. ANS: T PTS: 1 REF: p. 7 7. According to the textbook, a supply chain's end customers are the only true source of income for all supply chain organizations. ANS: T PTS: 1 REF: p. 7 8. Effective supply chain management relies on competitive bidding, corporate privacy, and contracts based on short-term performance. ANS: F PTS: 1 REF: p. 8 9. The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the manufacturer of the defect. ANS: F PTS: 1 REF: p. 11 Download the full file instantly at TEST BANK FOR PRINCIPLES OF SUPPLY CHAIN MANAGEMENT A BALANCED APPROACH 3RD EDITION BY WISNE Full file at http://testbankinstant.CH/Test-Bank-for-Principles-of-SupplyChain-Management-A-Balanced-Approach-3rd-Edition-by-Wisne 10. According to the textbook, in the 1950's and 1960's, mass production techniques focused on creating supplier partnerships, improving process design and flexibility, and improving product quality. ANS: F PTS: 1 REF: p. 12 11. According to the textbook, third-party logistics providers (3LPs) do not offer assistance with helping products clear customs. ANS: F PTS: 1 REF: p. 14 12. According to the textbook, environmental and social impacts are considered outside of supply chain management. ANS: F PTS: 1 REF: p. 15 13. According to the textbook, 'integration' is one of the four supply chain elements. ANS: T PTS: 1 REF: p. 15 14. ISO9000 is a standardized program for certifying suppliers. ANS: T PTS: 1 REF: p. 16 15. The universally accepted definition of supply chain management is "the management and integration of the parties involved in producing the end items coveted by consumers." ANS: F PTS: 1 REF: p. 17 16. 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. ANS: T PTS: 1 REF: p. 17 17. Improved quality is one benefit of using a lean production system. ANS: T PTS: 1 REF: p. 19 18. Successful supply chain integration occurs when supply chain participants realize that the needs and desires of the end item manufacturer dictate the objectives and policies of all the other supply chain participants. ANS: F PTS: 1 REF: p. 21-22 19. Trends in supply chain management include increasing inventory levels and considering the elimination of logistics intensive online retailing. ANS: F PTS: 1 REF: p. 22-27 20. Trends in supply chain management include increasing supply chain responsiveness and considering the negative environmental impacts of supply chains. Download the full file instantly at Full file at http://testbankinstant.CH/Test-Bank-for-Principles-of-SupplyChain-Management-A-Balanced-Approach-3rd-Edition-by-Wisne ANS: T PTS: 1 REF: p. 24 MULTIPLE CHOICE 1. 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 ANS: D PTS: 1 REF: p. 5 2. Successful modern supply chain management typically includes the practice of: a. Keeping high inventories throughout the supply chain b. Always purchasing materials with the lowest per unit cost c. The sharing of information between supply chain partners d. Leadership through the practice of issuing ultimatums to your supply chain partners ANS: C PTS: 1 REF: p. 5 3. According to the textbook, which of the following statements is TRUE? Consumers buy products based on a combination of: a. Cost, quality, manufacturer, and simplicity of use b. Cost, quality, availability, and brand c. Cost, quality, advertising, store preference, and appearance d. Cost, quality, availability, maintainability, and reputation ANS: D PTS: 1 REF: p. 6 4. Which of the following is a reverse logistics activity: a. Recycling products and components b. Delivering finished goods to your customer c. Developing a collaborative relationship with your supplier d. Managing the quality of products ANS: A PTS: 1 REF: p. 6 5. According to the textbook, conditions which must be present for successful supply chain management include: a. Vertical Integration b. Corporate contracts regarding performance expectations c. Short-term company focused performance d. Cooperation among firms ANS: D PTS: 1 REF: p. 8 6. A certain supply chain is made up of: 1. Raw Materials Supplier 2. Components Manufacturer 3. A firm that manufacturers Sub-assemblies