Question

1a. Ideally, a firm should maximize supply chain value by aiming to

(a) increase their own profits. (b) increase customer value while lowering supply chain cost. (c) increase customer value while lowering their own costs. (d) only decreasing supply chain costs, while ignoring customer value.

1b. Aproductionmanagerinatoymanufacturingfacilitydeterminesthattheyneedtoproduce 5000 toys today so that they can meet their weekly production targets. This decision would be considered under which phase of supply chain decision making?

(a) Strategy and Design (b) Planning (c) Operation (d) Value Delivery

1c. When a firm determines that they will design a supply chain so that it is efficient for a specific product, under which phase will this decision be made?
(a) Strategy and Design (b) Planning (c) Operation (d) Value Delivery

1d. The planning phase of supply chain decision making involves
(a) determining yearly production targets. (b) determining if the supply chain should be more efficient. (c) determining what time a truck should arrive at a facility. (d) determining the work schedule of employees at a facility.

1e. The primary two objectives of supply chain management is to maximize customer value while
(a) ensuring that we have an efficient supply chain. (b) ensuring that we have a responsive supply chain. (c) ensuring that we balance demand with supply. (d) ensuring that we maximize the number of facilities we have.

Answer 1

Answering the first four questions as per Chegg policy

Answer 1A: Option B

Explanation: A firms should increase the and maximize the supply chain value by raising the value given to the customer and reducing the cost of the supply chain.

Answer 1B: Option B

Explanation: The decision to manufacture a specific number of toys in order to produce the required amount for next week is an example of planning.

Answer 1C: Option A

Explanation: Determining to design a supply chain which will make the production and delivery efficient for a product is an example of Strategy and design.

Answer 1D: Option A

Explanation: The planning phase would include the determination of yearly production targets to be achieved by the production department.