Test Bank for Supply Chain Management A Logistics Perspective 11th Edition By John Coyle, John Langley, Robert Novack, Brian Gibson (All Chapters, 100% Original Verified, A+ Grade)

This is Test Bank zip file. PDF file is giving error in upload, thats why zip file is added. Check Sample Preview: Chapter 01 - Supply Chain Management: An Overview Indicate whether the statement is true or false. 1. The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses. a. True b. False 2. An organization practicing sustainable supply chain management expects its suppliers to conform to the same sustainability standards it holds. a. True b. False 3. Globalization has had little effect on consumers. a. True b. False 4. Supply and demand has become less volatile as managers have become more adept at controlling the elements. a. True b. False 5. Outsourcing is a fairly new concept. a. True b. False 6. Sustainability reporting is a growing practice, either mandatory or voluntarily, due to the demand for transparency in the supply chains. a. True b. False 7. It is predicted that social networks such as Facebook and Twitter will influence supply chains because of their impact on customer demand and the speed of information transfer. a. True b. False 8. Best-in-class companies have developed a more flexible production schedule that allows for making inventory adjustments in 48 to 72 hours. a. True b. False 9. Beginning in the late 1970s and into the 1980s, the US transportation industry was deregulated. The net result was a less competitive environment. a. True b. False Indicate the answer choice that best completes the statement or answers the question. 10. Most retailers are essentially supply chain companies since they: Supply Chain Management A Logistics Perspective, 11e John Coyle, John Langley, Robert Novack, Brian Gibson (Test Bank All Chapters, 100% Original Verified, A+ Grade) Answers At The End Of Each Chapter Name: Class: Date: Chapter 01 - Supply Chain Management: An Overview Powered by Cognero Page 2 a. dominate the consumer market. b. own their warehouses and trucks. c. buy products produced by others. d. engage in off-shore sourcing. 11. Which of the following is not one of the external forces driving the rate of change and shaping our economic and political landscape? a. Government policy b. Technology c. Environmental concerns d. Globalization 12. Outsourcing involves: a. moving company facilities away from the home office. b. conducting business on a global scale. c. obtaining materials, parts, products, and services from other companies. d. building a factory in another country. 13. Identify the proper sequence of the three "flows" in the supply chain. 1. Product 2. Cash 3. Information a. 1, 2, 3 b. 1, 3, 2 c. 2, 1, 3 d. 3, 2, 1 14. The demographics of our society has changed because: a. the "Baby Boom" generation is aging. b. of the increase in two-career families and single-parent households. c. of immigration. d. birth rates have changed. 15. The Supply Chain Concept: a. is very new and considered cutting edge technology. b. is highly dependent on computerization. c. is not always well understood by senior managers. d. is developed from the previous physical distribution concept. 16. Logistics, in its simplest form, a. is a military term, as it was developed originally to supply the battlefield. b. combines inbound logistics with the outbound logistics of physical distribution. c. is another term for transportation management. d. does not involve customer service or other related functions. Name: Class: Date: Chapter 01 - Supply Chain Management: An Overview Powered by Cognero Page 3 17. Ten years ago, Southwest Auto Parts would ship a standard number of various parts to all of its 147 locations once a month. Today, Southwest’s more sophisticated inventory system monitors the stock at each location and adjusts the number of each part accordingly in the monthly shipment to each store in order to prevent under- or overstocking the stores on any given part. Within an integrated supply chain, this is an example of change in: a. product flow. b. information flow. c. cash flow. d. demand flow. 18. Which of the following flows only one way as illustrated in the Integrated Supply Chain—Basics figure? a. Information b. Products and services c. Financials d. None of these answers 19. Henderson Air manufactures heating and air conditioning units. Once a day, Henderson’s computerized inventory system monitors the number of bolts and other fasteners the company needs to maintain production. If the amount of any type of fastener in inventory dips below preset standards, the computer automatically sends an order for more fasteners to Acme Fastener and Tool. This is an example of: a. information flowing backward from the customer to the supplier. b. information flowing forward from the supplier to the customer. c. information flowing laterally between the customer and the supplier. d. information flowing forward from the customer to the supplier. 20. Acme Fastener and Tool had a six-hour work stoppage yesterday, which means the company does not have its usual number of fasteners stored in inventory. Concerned that the inability to fulfill all current orders may have an adverse effect on some customers, Acme’s account executives are notifying all customers, including Henderson Air, that there could potentially be a small delay in delivering some orders. This is an example of: a. information flowing backward from the customer to the supplier. b. information flowing forward from the supplier to the customer. c. information flowing laterally between the customer and the supplier. d. information flowing backward from the supplier to the customer. 21. The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which of the following is not included in them? a. Complexity b. Inventory deployment c. Inventory carrying costs d. Technology 22. Which of the following is not part of the Supply Chain network? a. Plants b. Stores c. Terminals d. Distribution centers