Homework Answers
Supply chain management is the broad range of activities required to plan, control and execute a product's flow from materials to production to distribution in the most economical way possible.
Strategic responsibility is about broad, long-term goals; Tactical covers the big projects or activities that moves the organisation toward achieving those goals; and Operational activities are the day-to-day processes that achieve the tactical objectives.
Configuration of network and facilities is done keeping in mind broad, long-term goals whereas vendor sourcing and transportation planning help in achieving the long term goals. Operational planning and Inventory management are day to day processes that achieve tactical objectives.
Hence, option E
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Question 12 0.75 pts Which of the following is an example of a strategic responsibility of...
assume that a firm has QUESTION 12 Connections between cargo vessels or trucks and transportation networks...
assume that a firm has
QUESTION 12 Connections between cargo vessels or trucks and transportation networks may eventually lead to the development of smart transportation modes that reroute in real time based on local traffic patterns, weather events, and accidents. Which of the following will someday enable such a possibility? o a Cloud computing e b The Internet of Things c, Supply chain analytics d. Strategic channel alliances
2.5 pts Question 31 Suppose management decides to compare the performance of their firm with that...
2.5 pts Question 31 Suppose management decides to compare the performance of their firm with that of another firm that is considered to be an excellent performer in the same industry. This decision is an example of: e using the PIMS database. O competitive benchmarking. strategic control. e crisis management. O business process re-engineering. Question 32 2.5 pts e圈@曲 up 2.5 p Question3 Which of the following is a valid strategy for addressing potential crises along the supply chain? O...
Question 3 Which of the following is most true regarding the categories of operations & supply...
Question 3 Which of the following is most true regarding the categories of operations & supply chain processes discussed in the text? Evaluation involves dealing with items sent back from customers for various reasons b. The major service or product is provided in the Sourcing process Metrics like speed, quality, and productivity are used to monitor the Planning process. Sourcing determines how anticipated demand will be met with available resources e. Delivering is also commonly called logistics
Which of the following statements about the demand chain are correct? a. The demand chain focuses on facilities whi...
Which of the following statements about the demand chain are correct? a. The demand chain focuses on facilities while the supply chain focuses on markets b. The demand chain focuses only on strategic supply chain processes c. The demand chain tends to push products based on limited knowledge d. The demand chain uses key consumer and market information that is essential to the strategic planning process A spend analysis includes all of the following characteristics except: a. Identifies which vendors...
1. which of the following is a sourcing strategic decision? A- which products or services should...
1. which of the following is a sourcing strategic decision? A- which products or services should be supplied from offshore? B- how should suppliers be managed on an ongoing basis? C- which suppliers should be selected to provide products or services? D- all of the above 2. Purchasing actvities include A- choosing suppliers B- negotiating contracts C- managing buyer-suppliers relationships D- all of the above 3. Which of the following is a purchasing decision? A- which products and services does...
1. Practice Question 01 The creation of value for a customer is an important aspect of supply chain management. a. True b. False Answer: 2. Practice Question 02 Information, goods, and servi...
1. Practice Question 01 The creation of value for a customer is an important aspect of supply chain management. a. True b. False Answer: 2. Practice Question 02 Information, goods, and services flow both upstream and downstream in a supply chain. a. True b. False Answer: 3. Practice Question 04 A supply chain is an integrated group of processes that source, make, and deliver products. a. True b. False Answer: 4. Practice Question 05 The purchasing of goods and services...
Answer NO Question Which of the following is not the responsibility of an operations manager? a....
Answer NO Question Which of the following is not the responsibility of an operations manager? a. acquiring financial resources managing inventories planning production d. scheduling production was a radical change in manufacturing organization which made equipment with complex parts a. division of labor b. scientific management c. interchangeable parts d. craft production In the recent time, there has been a major paradigm shift in the way consumers and business operate. This is motivated by a) Internet Revolution b) Globalization c)...
Question 21 3.2 pts Which of the following is not a common cause for the bullwhip...
Question 21 3.2 pts Which of the following is not a common cause for the bullwhip effect? Price fluctuations Periodic order policies Shortened lead times Trade deals None of the above Question 22 3.2 pts You have been talking to your co-worker about a document you just sent to a supplier. The document contains your offer to purchase 50 gallons of lubricating oil and has the terms and conditions of the purchase printed on the document. The document is legally...
Which of the following responsibilities of operations managers is considered a directing activity rather than a...
Which of the following responsibilities of operations managers is considered a directing activity rather than a planning or control activity? Select one: a. selecting production equipment b. product mix decisions c. scheduling workers d. inventory management e. layout of production facilities
Which of the following is an example of a strategic question? A. What is the potential...
Which of the following is an example of a strategic question? A. What is the potential profitability of this consumer segment? B. How Can I best reach identified consumer segments
assume that a firm has
QUESTION 12 Connections between cargo vessels or trucks and transportation networks may eventually lead to the development of smart transportation modes that reroute in real time based on local traffic patterns, weather events, and accidents. Which of the following will someday enable such a possibility? o a Cloud computing e b The Internet of Things c, Supply chain analytics d. Strategic channel alliances
2.5 pts Question 31 Suppose management decides to compare the performance of their firm with that of another firm that is considered to be an excellent performer in the same industry. This decision is an example of: e using the PIMS database. O competitive benchmarking. strategic control. e crisis management. O business process re-engineering. Question 32 2.5 pts e圈@曲 up 2.5 p Question3 Which of the following is a valid strategy for addressing potential crises along the supply chain? O...
Question 3 Which of the following is most true regarding the categories of operations & supply chain processes discussed in the text? Evaluation involves dealing with items sent back from customers for various reasons b. The major service or product is provided in the Sourcing process Metrics like speed, quality, and productivity are used to monitor the Planning process. Sourcing determines how anticipated demand will be met with available resources e. Delivering is also commonly called logistics
1. Practice Question 01 The creation of value for a customer is an important aspect of supply chain management. a. True b. False Answer: 2. Practice Question 02 Information, goods, and services flow both upstream and downstream in a supply chain. a. True b. False Answer: 3. Practice Question 04 A supply chain is an integrated group of processes that source, make, and deliver products. a. True b. False Answer: 4. Practice Question 05 The purchasing of goods and services...
Answer NO Question Which of the following is not the responsibility of an operations manager? a. acquiring financial resources managing inventories planning production d. scheduling production was a radical change in manufacturing organization which made equipment with complex parts a. division of labor b. scientific management c. interchangeable parts d. craft production In the recent time, there has been a major paradigm shift in the way consumers and business operate. This is motivated by a) Internet Revolution b) Globalization c)...
Question 21 3.2 pts Which of the following is not a common cause for the bullwhip effect? Price fluctuations Periodic order policies Shortened lead times Trade deals None of the above Question 22 3.2 pts You have been talking to your co-worker about a document you just sent to a supplier. The document contains your offer to purchase 50 gallons of lubricating oil and has the terms and conditions of the purchase printed on the document. The document is legally...
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