Question 1

The objective of every supply chain is to maximize the net value generated.

Accepted Answer

A) True 
 B)False

Question 2

A key issue facing Toyota is

Accepted Answer

A)  developing an Internet marketing system.
B)  whether to specialize in a particular market.
C)  design of its global production and distribution network.
D)  how to implement model changes.

Question 3

The activities associated with planning typically occur during which macro process?

Accepted Answer

A)  SRM
B)  ISCM
C)  DRM
D)  CRM

Question 4

The production scheduling process in the manufacturing cycle is similar to the

Accepted Answer

A)  order receiving process in the replenishment cycle.
B)  order fulfillment process in the replenishment cycle.
C)  order entry process in the replenishment cycle.
D)  order trigger process in the replenishment cycle.

Question 5

Toyota's global complementation strategy

Accepted Answer

A)  calls for plants to be devoted to the production of vehicles for only the local market.
B)  dictates that parts plants be built to supply all of the needs for each vehicle production plant worldwide.
C)  requires that a single parts plant,for example,for brakes,export brake components to all of its vehicle assembly plants worldwide.
D)  mandates that plants can produce vehicles for export to markets that remain strong when the local market weakens.

Question 6

Supply chain macro processes include which of the following?

Accepted Answer

A)  Internal Relationship Management (IRM) 
B)  Customer Relationship Management (CRM) 
C)  External Relationship Management (ERM) 
D)  Supplier Relationship Management (SCRM)

Question 7

A supply chain could be more accurately described as a supply network or supply web.

Accepted Answer

A) True 
 B)False

Question 8

The production scheduling process in the manufacturing cycle is similar to the order entry process in the replenishment cycle.

Accepted Answer

A) True 
 B)False

Question 9

The goal during the supply chain operation phase is to exploit the reduction of uncertainty and optimize performance.

Accepted Answer

A) True 
 B)False

Question 10

The drawback of Zara's responsive supply chain is that it tends to sell more products at markdown than most of its competitors.

Accepted Answer

A) True 
 B)False

Question 11

The procurement cycle occurs at the manufacturer/supplier interface.

Accepted Answer

A) True 
 B)False

Question 12

Push processes may also be referred to as speculative processes.

Accepted Answer

A) True 
 B)False

Question 13

The objective of customer order entry is to

Accepted Answer

A)  get the correct orders to customers by the promised due date at the lowest possible cost.
B)  maintain a record of product receipt and complete payment.
C)  maximize the conversion of customer arrivals to customer orders.
D)  ensure that orders are quickly and accurately entered and communicated to other affected supply chain processes.

Question 14

Explain why supply chain flows are important.

Accepted Answer

Supply chain flows are important,because...

Question 15

A supply chain features a constant flow of

Accepted Answer

A)  information,product and funds.
B)  personnel,information,and policies.
C)  processes,funds,and product.
D)  product,processes,and support.

Question 16

The difference between the value of the product and its price remains with the customer as consumer surplus.

Accepted Answer

A) True 
 B)False

Question 17

Explain the 3 decision phases (categories)that must be made in a successful supply chain.

Accepted Answer

The 3 decision phases that occur within ...

Question 18

The relationship between the manufacturer and supplier during the procurement cycle is very similar to the relationship between

Accepted Answer

A)  customer and retailer.
B)  retailer and distributor.
C)  distributor and manufacturer.

Question 19

The cycle view of a supply chain holds that

Accepted Answer

A)  the processes in a supply chain are divided into 2 categories.
B)  the processes in a supply chain are divided into a series of activities performed at the interface between successive stages.
C)  all processes in a supply chain are initiated in response to a customer order.
D)  all processes in a supply chain are performed in anticipation of customer orders.

Question 20

The push/pull view of a supply chain holds that

Accepted Answer

A)  the processes in a supply chain are divided into a series of activities performed at the interface between successive stages.
B)  all processes in a supply chain are initiated in response to a customer order.
C)  all responses in a supply chain are performed in anticipation of customer orders.
D)  the processes in a supply chain are divided into 2 categories depending on whether they are initiated in response to or in anticipation of customer orders.

Exam 1: Understanding the Supply Chain

The production scheduling process in the manufacturing cycle is similar to the order entry process in the replenishment cycle.

Correct AnswerverifiedShow Answer

The cycle view of a supply chain holds that

Correct AnswerverifiedShow Answer

The activities associated with planning typically occur during which macro process?

Correct AnswerverifiedShow Answer

The objective of every supply chain is to maximize the net value generated.

Correct AnswerverifiedShow Answer

The objective of customer order entry is to

Correct AnswerverifiedShow Answer

A supply chain could be more accurately described as a supply network or supply web.

Correct AnswerverifiedShow Answer

Explain why supply chain flows are important.

Correct AnswerverifiedSupply chain flows are important,because...View AnswerShow Answer

Toyota's global complementation strategy

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Push processes may also be referred to as speculative processes.

Correct AnswerverifiedShow Answer

The relationship between the manufacturer and supplier during the procurement cycle is very similar to the relationship between

Correct AnswerverifiedShow Answer

The goal during the supply chain operation phase is to exploit the reduction of uncertainty and optimize performance.

Correct AnswerverifiedShow Answer

The drawback of Zara's responsive supply chain is that it tends to sell more products at markdown than most of its competitors.

Correct AnswerverifiedShow Answer

The production scheduling process in the manufacturing cycle is similar to the

Correct AnswerverifiedShow Answer

A key issue facing Toyota is

Correct AnswerverifiedShow Answer

A supply chain features a constant flow of

Correct AnswerverifiedShow Answer

Explain the 3 decision phases (categories)that must be made in a successful supply chain.

Correct AnswerverifiedThe 3 decision phases that occur within ...View AnswerShow Answer

The push/pull view of a supply chain holds that

Correct AnswerverifiedShow Answer

The procurement cycle occurs at the manufacturer/supplier interface.

Correct AnswerverifiedShow Answer

The difference between the value of the product and its price remains with the customer as consumer surplus.

Correct AnswerverifiedShow Answer

Supply chain macro processes include which of the following?

Correct AnswerverifiedShow Answer

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Supply chain flows are important,because...
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The 3 decision phases that occur within ...
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