EXAM #11-SUPPLY CHAIN MANAGEMENT QUESTIONS
AND ANSWERS
Which company is experimenting with the management of the final mile of deliver in
some markets, using small aerial drones to deliver shoebox-size packages from
fulfillment centers? - correct answer Amazon
According to the textbook, conditions which must be present for successful supply chain
management include: - correct answer Cooperation among firms
The following is an example of the bullwhip effect: - correct answer Barkley's incorrectly
anticipates consumer demand resulting in stockouts at several popular retailers
According to the textbook, environmental and social impacts are considered outside of
supply chain management - correct answer False
According to the textbook, the keys to successful supply chain management include
trust, cooperation, collaboration, and honest, accurate communications between supply
chain partners - correct answer True
According to the textbook, a supply chains' end customers are the only true source of
income for all supply chain organizations - correct answer True
When a particular item is in short supply accompanied by rising prices, a firm might find
it beneficial to: - correct answer Align itself with one of the suppliers to ensure a
continued supply of the scarce item
One definition of supply chain management is "Coordination and collaboration with
channel partners, which can be suppliers, intermediaries, third-party service providers,
and customers" - correct answer True
Which of the following can happen as a result of the bullwhip effect? - correct answer
Excess costs for each firm in a supply chain
According to the textbook, third-party logistics providers (3lps) do not offer assistance
with helping products clear customs - correct answer False
Trucking companies, airfreight shipping companies, and information system providers
can all be considered service providers to the supply chain - correct answer True
Supply chain management includes the planning and management of all activities
involved in sourcing and procurement, conversions, and all logistics management
activities. It also includes: - correct answer Coordination and collaboration with channel
partners
,According to the text, the FOUR important elements of the supply chain are: - correct
answer Supply, operations, logistics, integration
The bullwhip effect causes an amplification of the variation in the demand pattern along
the supply chain - correct answer True
Which of the following activities allows buyers to assume the supplier will meet certain
product quality and service requirements? - correct answer Supplier certification
The term Supply Chain Management and the field of study it represents today seems to
have emerged in the: - correct answer 1980s
Many large firms are moving to in-house vertically integrated structures where they
have more control over each business unit - correct answer False
Developed in the 1990's as a popular way of developing radically new business
processes in an effort to reduce waste and increase performance is referred to as: -
correct answer Business process reengineering
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 - correct answer False
Trends in supply chain management include expansion of the supply chain and
decreasing supply chain visibility - correct answer False
The following strategy is usually employed by lean organizations in an effort to ensure
continued quality compliance among suppliers and with internal production facilities -
correct answer Six Sigma
Which of the following activities would fall under the foundational element of operation -
correct answer Demand management
Customer relationship management, distribution network, transportation management,
and service response logistics are all important issues that are most closely related to -
correct answer Logistics
According to the textbook, supply chains include raw material suppliers, intermediate
component manufacturers, end-product manufacturers, wholesale distributors, retailers,
and end-product consuemers - correct answer True
Supply chain analytics can be used along the supply chain to schedule production
according to expected supplier deliveries - correct answer True
, Which of the following can be defined as "The ability to meet the needs of current
supply chain members without hindering the ability to meet the needs of future
generations" - correct answer Sustainability
Which of the following statements is TRUE? - correct answer Strategic partnerships are
seen as one of the foundations of supply chain management
Highly valued customers with large purchasing budgets who achieve moderate supply
chain management success have been known to lower purchasing and inventory
carrying costs, and create better quality products with higher levels of customer service
- correct answer True
Which of the following acronyms is NOT paired with its correct "translation?" - correct
answer TLS-Third-party Logistics Services
The foundation elements of supply chain management are Supply, Operations,
Customer Service, Logistics - correct answer False
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 - correct answer False
Which if the following is a reverse logistics activity - correct answer Recycling products
and components
Purchasing can be broadly classified into two categories: merchants and industrial
buyters - correct answer True
Blanket or open-end purchase orders are suitable for buying - correct answer Office
supplies
Which of the following refers to the measurement of the impact of change in purchase
spend on a firm's profit before taxes, assuming gross sales and other expenses remain
unchanged? - correct answer Profit-Leverage Effect
Which of the following is an advantage of a centralized purchasing department? -
correct answer Specialization
The possibility of events like strikes, assembly line breakdowns, and natural disasters
are all reasons a company should favor using a single supplier. - correct answer False
Benefits derived from implementing e-procurement systems include all of the following
EXCEPT: - correct answer Creates numerous additional job opportunities in the
purchasing department
AND ANSWERS
Which company is experimenting with the management of the final mile of deliver in
some markets, using small aerial drones to deliver shoebox-size packages from
fulfillment centers? - correct answer Amazon
According to the textbook, conditions which must be present for successful supply chain
management include: - correct answer Cooperation among firms
The following is an example of the bullwhip effect: - correct answer Barkley's incorrectly
anticipates consumer demand resulting in stockouts at several popular retailers
According to the textbook, environmental and social impacts are considered outside of
supply chain management - correct answer False
According to the textbook, the keys to successful supply chain management include
trust, cooperation, collaboration, and honest, accurate communications between supply
chain partners - correct answer True
According to the textbook, a supply chains' end customers are the only true source of
income for all supply chain organizations - correct answer True
When a particular item is in short supply accompanied by rising prices, a firm might find
it beneficial to: - correct answer Align itself with one of the suppliers to ensure a
continued supply of the scarce item
One definition of supply chain management is "Coordination and collaboration with
channel partners, which can be suppliers, intermediaries, third-party service providers,
and customers" - correct answer True
Which of the following can happen as a result of the bullwhip effect? - correct answer
Excess costs for each firm in a supply chain
According to the textbook, third-party logistics providers (3lps) do not offer assistance
with helping products clear customs - correct answer False
Trucking companies, airfreight shipping companies, and information system providers
can all be considered service providers to the supply chain - correct answer True
Supply chain management includes the planning and management of all activities
involved in sourcing and procurement, conversions, and all logistics management
activities. It also includes: - correct answer Coordination and collaboration with channel
partners
,According to the text, the FOUR important elements of the supply chain are: - correct
answer Supply, operations, logistics, integration
The bullwhip effect causes an amplification of the variation in the demand pattern along
the supply chain - correct answer True
Which of the following activities allows buyers to assume the supplier will meet certain
product quality and service requirements? - correct answer Supplier certification
The term Supply Chain Management and the field of study it represents today seems to
have emerged in the: - correct answer 1980s
Many large firms are moving to in-house vertically integrated structures where they
have more control over each business unit - correct answer False
Developed in the 1990's as a popular way of developing radically new business
processes in an effort to reduce waste and increase performance is referred to as: -
correct answer Business process reengineering
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 - correct answer False
Trends in supply chain management include expansion of the supply chain and
decreasing supply chain visibility - correct answer False
The following strategy is usually employed by lean organizations in an effort to ensure
continued quality compliance among suppliers and with internal production facilities -
correct answer Six Sigma
Which of the following activities would fall under the foundational element of operation -
correct answer Demand management
Customer relationship management, distribution network, transportation management,
and service response logistics are all important issues that are most closely related to -
correct answer Logistics
According to the textbook, supply chains include raw material suppliers, intermediate
component manufacturers, end-product manufacturers, wholesale distributors, retailers,
and end-product consuemers - correct answer True
Supply chain analytics can be used along the supply chain to schedule production
according to expected supplier deliveries - correct answer True
, Which of the following can be defined as "The ability to meet the needs of current
supply chain members without hindering the ability to meet the needs of future
generations" - correct answer Sustainability
Which of the following statements is TRUE? - correct answer Strategic partnerships are
seen as one of the foundations of supply chain management
Highly valued customers with large purchasing budgets who achieve moderate supply
chain management success have been known to lower purchasing and inventory
carrying costs, and create better quality products with higher levels of customer service
- correct answer True
Which of the following acronyms is NOT paired with its correct "translation?" - correct
answer TLS-Third-party Logistics Services
The foundation elements of supply chain management are Supply, Operations,
Customer Service, Logistics - correct answer False
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 - correct answer False
Which if the following is a reverse logistics activity - correct answer Recycling products
and components
Purchasing can be broadly classified into two categories: merchants and industrial
buyters - correct answer True
Blanket or open-end purchase orders are suitable for buying - correct answer Office
supplies
Which of the following refers to the measurement of the impact of change in purchase
spend on a firm's profit before taxes, assuming gross sales and other expenses remain
unchanged? - correct answer Profit-Leverage Effect
Which of the following is an advantage of a centralized purchasing department? -
correct answer Specialization
The possibility of events like strikes, assembly line breakdowns, and natural disasters
are all reasons a company should favor using a single supplier. - correct answer False
Benefits derived from implementing e-procurement systems include all of the following
EXCEPT: - correct answer Creates numerous additional job opportunities in the
purchasing department
