SCGM Ch 11 Exam With Complete Solutions 100% Verified
A supply chain begins with raw material and ends with finished goods. - ANSWER true
In a supply chain, the most recognizable firm to the public is likely to be - ANSWER
manufacturer
Which of the following are a function of distributors? - ANSWER Storage of inventory
Reducing delivery lead times
Purchasing costs are an important cost component associated with supply chains. -
ANSWER true
True or false: The number of stock outs is a measure of inventory availability. -
ANSWER false
A supply chain must involve five layers of firms. - ANSWER false
A supplier who assembles individual components that are further processed by a
second supplier is known as a - ANSWER 2
___ provide an assortment of products for consumers - ANSWER retailers
Which of the following major cost categories associated with a supply chain? -
ANSWER inverntory
transportaiton
The probability of satisfying all demand during a time interval is one of the ways to
, measure availability of inventory. - ANSWER true
A supply chain involves _________. - ANSWER a group of manufacturers
brick and mortar retailers
a group of end users of products
a group of suppliers of raw materials
A supplier who produces complex assemblies that are used by a manufacturer is known
as a - ANSWER 1
a ___ decision has an impact on long-term performance - ANSWER strategic
Functional products generally have _________. - ANSWER low demand forecast
uncertainty
123-Flowers is a ______ supply chain because it guarantees next-day delivery of floral
arrangements in the lower-48 states. - ANSWER market
a ___ decision impacts short-term performance - ANSWER tactical
Understanding the causes of supply chain ___ allows a manager to design a better
supply chain. - ANSWER variability
Which of the following are types of variability associated with demand in a supply chain?
- ANSWER Location
level of demand
Product variety
True or false: Functional products typically have a higher frequency of markdowns than
A supply chain begins with raw material and ends with finished goods. - ANSWER true
In a supply chain, the most recognizable firm to the public is likely to be - ANSWER
manufacturer
Which of the following are a function of distributors? - ANSWER Storage of inventory
Reducing delivery lead times
Purchasing costs are an important cost component associated with supply chains. -
ANSWER true
True or false: The number of stock outs is a measure of inventory availability. -
ANSWER false
A supply chain must involve five layers of firms. - ANSWER false
A supplier who assembles individual components that are further processed by a
second supplier is known as a - ANSWER 2
___ provide an assortment of products for consumers - ANSWER retailers
Which of the following major cost categories associated with a supply chain? -
ANSWER inverntory
transportaiton
The probability of satisfying all demand during a time interval is one of the ways to
, measure availability of inventory. - ANSWER true
A supply chain involves _________. - ANSWER a group of manufacturers
brick and mortar retailers
a group of end users of products
a group of suppliers of raw materials
A supplier who produces complex assemblies that are used by a manufacturer is known
as a - ANSWER 1
a ___ decision has an impact on long-term performance - ANSWER strategic
Functional products generally have _________. - ANSWER low demand forecast
uncertainty
123-Flowers is a ______ supply chain because it guarantees next-day delivery of floral
arrangements in the lower-48 states. - ANSWER market
a ___ decision impacts short-term performance - ANSWER tactical
Understanding the causes of supply chain ___ allows a manager to design a better
supply chain. - ANSWER variability
Which of the following are types of variability associated with demand in a supply chain?
- ANSWER Location
level of demand
Product variety
True or false: Functional products typically have a higher frequency of markdowns than
