Question 1

Which is an advantage for companies that globalize their supply chains?

Accepted Answer

A)   It allows companies to take advantage of cheaper labor and not have to contend with trade barriers and tariffs encountered and thus increases the demand for imported products worldwide.
B)   It helps reduce transportation and warehousing costs.
C)   It decreases the length and risk of supply chains globally.
D)   It helps standardize the quality of the products produced.E) A) and D)
F) All of the above

Question 2

Which of the following statements is true of public-private partnerships?

Accepted Answer

A)   They increase the negative impacts of potentially hazardous supply chain situations.
B)   They are critical to the satisfaction of both company and societal interests.
C)   They are formed when the magnitude of a supply chain dilemma is of little consequence to a company.
D)   They lack the power to solve future national and global supply chain problems.E) B) and D)
F) B) and C)

Question 3

Magnira Inc.,an equipment manufacturing company,designs precision cutting tools that can be used for various applications.A recent project required Magnira to work closely with a surgical tools manufacturing company to produce a medical stapler that helps reduce traumatic procedures and promotes quicker patient recoveries.This is an example of the:

Accepted Answer

A)   product development and commercialization process.
B)   supplier relationship management process.
C)   customer service management process.
D)   order fulfillment process.E) None of the above
F) C) and D)

Question 4

West Coast Traders provides expertise for a range of products within a category.It markets and facilitates the sale of many different manufacturers' products to a grocery chain.However,West Coast Traders never takes ownership of any food products,so it would be considered a(n) ____________________.

Accepted Answer

A)   retailer or a wholesaler
B)   agent or a broker
C)   broker or a manufacturer
D)   agent or a wholesalerE) B) and D)
F) B) and C)

Question 5

General Motors recently built a plant in Toluca,Mexico,leading to a 40 percent savings on production costs when transportation and labor costs were considered together.This is an instance of ______.

Accepted Answer

A)   nearshoring
B)   contract logistics
C)   supply chain orientation
D)   exclusive distributionE) A) and B)
F) B) and C)

Question 6

A strategic channel alliance is a cooperative agreement between business firms to use the other's already established distribution channel.

Accepted Answer

A) True 
 B)False

Question 7

Third-party logistics companies (3PLs)or logistics integrators are consulting-based organizations that assess another firm's entire logistical service needs and provide integrated solutions.These 3PLs often draw on multiple fourth-party logistics companies (4PLs)to provide the actual service.

Accepted Answer

A) True 
 B)False

Question 8

The best order fulfillment processes reduce order cycle time as much as possible.The shorter lead times are beneficial in that they allow firms to carry ______.

Accepted Answer

A)   reduced inventory levels and minimize investment in newer,untested projects
B)   reduced inventory levels and free up cash that can be used on other projects
C)   increased inventory levels and borrow cash for newer,more promising projects
D)   increased inventory levels and generate greater profits by meeting sudden demandsE) A) and B)
F) B) and C)

Question 9

Which is a characteristic of companies that adopt a supply chain orientation?

Accepted Answer

A)   They have the capability to deliver on the promises they make.
B)   They cannot accept short-term risks on behalf of others.
C)   They work independentlyof top management of the companies.
D)   They do things that harm the entire supply chain in the long run.E) A) and C)
F) C) and D)

Question 10

Which of the following is true of a retailer channel?

Accepted Answer

A)   It is most common when the intermediary is large and can buy in large quantities directly from the manufacturer.
B)   It uses agents and brokers to procure products from manufacturers.
C)   It is commonly used for low-cost items that are frequently purchased,such as candy,cigarettes,and magazines.
D)   It involves transferring ownership directly from the producer to the ultimate consumer.E) A) and B)
F) A) and C)

Question 11

How does the supply chain management of the mass production era differ from the supply chain management practiced today?

Accepted Answer

Answers will vary.Today's supply chain m...

Question 12

Explain the manufacturing flow management process and the relationship among manufacturers' production capabilities and costs,suppliers,shippers,and demand for goods.Briefly define and explain the differences between lean and agile supply chain strategies.

Accepted Answer

Answers will vary.The manufacturing flow...

Question 13

Which of the following represents programs that use convenience to get consumers to recycle products like batteries or cell phones during a regular trip to the store?

Accepted Answer

A)   Strategic channel alliance
B)   Drop and shop
C)   Reverse channel
D)   Gray marketingE) B) and C)
F) A) and D)

Question 14

In the context of demand management,merging tactical and strategic planning methods across functional areas of the business to align production with demand is known as ______ planning.

Accepted Answer

A)   sales and operations
B)   demand and order fulfillment
C)   material and service
D)   technology and integrationE) B) and D)
F) A) and D)

Question 15

Walmart outsourced portions of its transportation to C.H.Robinson and was thus able to focus on merchandising rather than shipping.In this example,______.

Accepted Answer

A)   Walmart is a 3PL company
B)   Walmart is a 4PL company
C)   C.H.Robinson is a 3PL company
D)   C.H.Robinson is a 4PL companyE) A) and B)
F) A) and C)

Question 16

Castle Brew Inc.,a leading multinational beverage manufacturing company,coordinates with Waste Yard Inc.,a waste management company,to devise a strategy to recycle and reuse beverage bottles.Castle Brew Inc.plans to install hundreds of machines that would recycle empty bottles in many locations and toreward consumers who participate in the initiative.The company believes that this initiative would help protect the environment.In this scenario,Castle Brew Inc.is practicing _____.

Accepted Answer

A)   sustainable supply chain management
B)   outsourcing
C)   mass production
D)   demand-supply integrationE) None of the above
F) A) and B)

Question 17

Which of the following statements is true of customer integration for companies oriented toward demand-supply integration?

Accepted Answer

A)   It is a competency that enables firms to offer value-added offerings to those customers who represent the greatest value to the firm or supply chain.
B)   It requires firms to link seamlessly to outsiders that provide goods and services to them so that they can provide high-quality customer experiences.
C)   It is a process in which companies will collaborate on projects so that the customer gains the maximum amount of total value possible from the supply chain.
D)   It requires information hardware and software systems that can exchange information when needed between customers and suppliers.E) A) and C)
F) None of the above

Question 18

Which of the following is NOT a function of the retailer?

Accepted Answer

A)   Selling directly to consumers as its primary function
B)   Reducing the number of transactions required by consumers
C)   Making an assortment of goods available in one location
D)   Transacting sales without taking title to products it sellsE) A) and C)
F) A) and B)

Question 19

An objective of flexible manufacturing includes ___________________________.

Accepted Answer

A)   creating a single variety of goods and/or services through heavy investment to maximize profit from a specific production technique
B)   reaching economies of scale with minimized costs associated with a single production technique customized for a single product
C)   sacrificing profitability so that multiple members of the supply chain can improve overall manufacturing output in terms of quality,delivery speed,and flexibility
D)   creating flexible agreements with suppliers and shippers so that unexpected demand bursts can be accommodated,without disruptions to customer service or satisfactionE) A) and B)
F) All of the above

Question 20

Which of the following describes either lean or agile supply chains?

Accepted Answer

A)   In a lean supply chain,products are built before demand occurs; unsold goods are treated as short-term loss incurred to increase market presence.
B)   Lean supply chains wait until demand is big enough to help production reach economies of scale so that the waste is minimum or nil.
C)   Agile strategies try to forecast demand and reduce waste,with the aim to maximize customer responsiveness in specific market segments.
D)   Agile supply chains wait for demand to occur and use communication and flexibility to fill that demand quickly.E) B) and C)
F) A) and B)

Exam 13: Supply Chain Management and Marketing Channels

Which of the following is true of a retailer channel?

Correct Answer
verified

Which is a characteristic of companies that adopt a supply chain orientation?

Correct Answer
verified

An objective of flexible manufacturing includes ___________________________.

Correct Answer
verified

The best order fulfillment processes reduce order cycle time as much as possible.The shorter lead times are beneficial in that they allow firms to carry ______.

Correct Answer
verified

Which of the following statements is true of customer integration for companies oriented toward demand-supply integration?

Correct Answer
verified

A strategic channel alliance is a cooperative agreement between business firms to use the other's already established distribution channel.

Correct Answer
verified

Walmart outsourced portions of its transportation to C.H.Robinson and was thus able to focus on merchandising rather than shipping.In this example,______.

Correct Answer
verified

Which is an advantage for companies that globalize their supply chains?

Correct Answer
verified

West Coast Traders provides expertise for a range of products within a category.It markets and facilitates the sale of many different manufacturers' products to a grocery chain.However,West Coast Traders never takes ownership of any food products,so it would be considered a(n) ____________________.

Correct Answer
verified

General Motors recently built a plant in Toluca,Mexico,leading to a 40 percent savings on production costs when transportation and labor costs were considered together.This is an instance of ______.

Correct Answer
verified

Correct Answer
verified

Third-party logistics companies (3PLs)or logistics integrators are consulting-based organizations that assess another firm's entire logistical service needs and provide integrated solutions.These 3PLs often draw on multiple fourth-party logistics companies (4PLs)to provide the actual service.

Correct Answer
verified

Correct Answer
verified

Which of the following represents programs that use convenience to get consumers to recycle products like batteries or cell phones during a regular trip to the store?

Correct Answer
verified

Explain the manufacturing flow management process and the relationship among manufacturers' production capabilities and costs,suppliers,shippers,and demand for goods.Briefly define and explain the differences between lean and agile supply chain strategies.

Correct Answer
verified
Answers will vary.The manufacturing flow...
View Answer

In the context of demand management,merging tactical and strategic planning methods across functional areas of the business to align production with demand is known as ______ planning.

Correct Answer
verified

Which of the following statements is true of public-private partnerships?

Correct Answer
verified

How does the supply chain management of the mass production era differ from the supply chain management practiced today?

Correct Answer
verified
Answers will vary.Today's supply chain m...
View Answer

Which of the following is NOT a function of the retailer?

Correct Answer
verified

Which of the following describes either lean or agile supply chains?

Correct Answer
verified

Exam 13: Supply Chain Management and Marketing Channels

Which of the following is true of a retailer channel?

Correct AnswerverifiedShow Answer

Which is a characteristic of companies that adopt a supply chain orientation?

Correct AnswerverifiedShow Answer

An objective of flexible manufacturing includes ___________________________.

Correct AnswerverifiedShow Answer

The best order fulfillment processes reduce order cycle time as much as possible.The shorter lead times are beneficial in that they allow firms to carry ______.

Correct AnswerverifiedShow Answer

Which of the following statements is true of customer integration for companies oriented toward demand-supply integration?

Correct AnswerverifiedShow Answer

A strategic channel alliance is a cooperative agreement between business firms to use the other's already established distribution channel.

Correct AnswerverifiedShow Answer

Walmart outsourced portions of its transportation to C.H.Robinson and was thus able to focus on merchandising rather than shipping.In this example,______.

Correct AnswerverifiedShow Answer

Which is an advantage for companies that globalize their supply chains?

Correct AnswerverifiedShow Answer

West Coast Traders provides expertise for a range of products within a category.It markets and facilitates the sale of many different manufacturers' products to a grocery chain.However,West Coast Traders never takes ownership of any food products,so it would be considered a(n) ____________________.

Correct AnswerverifiedShow Answer

General Motors recently built a plant in Toluca,Mexico,leading to a 40 percent savings on production costs when transportation and labor costs were considered together.This is an instance of ______.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Third-party logistics companies (3PLs)or logistics integrators are consulting-based organizations that assess another firm's entire logistical service needs and provide integrated solutions.These 3PLs often draw on multiple fourth-party logistics companies (4PLs)to provide the actual service.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following represents programs that use convenience to get consumers to recycle products like batteries or cell phones during a regular trip to the store?

Correct AnswerverifiedShow Answer

Explain the manufacturing flow management process and the relationship among manufacturers' production capabilities and costs,suppliers,shippers,and demand for goods.Briefly define and explain the differences between lean and agile supply chain strategies.

Correct AnswerverifiedAnswers will vary.The manufacturing flow...View AnswerShow Answer

In the context of demand management,merging tactical and strategic planning methods across functional areas of the business to align production with demand is known as ______ planning.

Correct AnswerverifiedShow Answer

Which of the following statements is true of public-private partnerships?

Correct AnswerverifiedShow Answer

How does the supply chain management of the mass production era differ from the supply chain management practiced today?

Correct AnswerverifiedAnswers will vary.Today's supply chain m...View AnswerShow Answer

Which of the following is NOT a function of the retailer?

Correct AnswerverifiedShow Answer

Which of the following describes either lean or agile supply chains?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Answers will vary.The manufacturing flow...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Answers will vary.Today's supply chain m...
View Answer

Correct Answer
verified

Correct Answer
verified