Question

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 from suppliers is called a. procurement. c.delivering d. sourcing Answer: 5. Practice Question 10 Typical supply chain processes include all the following except a. selling. b. sourcing. c producing. d. deliwering Answer 6. Practice Question 13 The effect occurs when slight demand variability is magnified as information moves a. bullhorn b. inventory c snapshot d. bullwhip Answer 7. Practice Question 15 Firms cannot manage the bullwhip effect unless they increase inventory levels. a. True b. False Answer 8. Practice Question 16 The bullwhip effect is caused primarily by a. poor quality. b inaccurate demand forecasts. too many suppliers d. too few suppliers Answer 9. Practice Question 17 One way members of a supply chain cope with uncertainty is to reduce inventory levels. a. True b. False Answer: 10. Practice Question 18 Inventory is often viewed as insurance against supply chain uncertainty. a. True b. False Answer: 11. Practice Question 20 is not one of several keys to effective supply chain management. a. Cooperation b. Commitment c. Information d. Trust Answer 12. Practice Question 23 Going green is another term for a、 getting lean. b environmental correctness. c sustainability. d. keeping green Answer: - 13. Practice Question 25 Which of the following types of information technology has had the greatest impact on supply chain a. Externet b、 Electronic data interchange c. Internet d. RFID tags Answer 14. Practice Question 29 The around the world that were previously inaccessible. has eliminated geographic barriers, enabling firms to access markets and suppliers a. Internet b. bar code supply chain d. value chain Answer 15. Practice Question 35 is not a key performance indicator for measuring supply chain performance. a. Inventory turnover b. Inventory days of supply c. Fill rate d. Inventory level Answer 16. True False Question 01 Supply chains for services are easier to define than supply chains for manufactured goods. a. True b. False Answer 17. True False Question 07 Suppliers are upstream members of a supply chain. a. True b. False Answer: 18. True False Question 13 Supply chain management focuses on integrating and managing the flow of manufactured goods, services, and related information. a. True b. False Answer 19. Multiple Choice Question 38 Supply chain processes indude a. procurement. b. production. c. distribution. d. all of these choices. Answer: 20. Multiple Choice Question 40 Supply chain management focuses on integrating and managing the flow of a. services. b. information. c. goods d. all of these choices. Answer:

Answer 1

Q1 : True

As the customer lies at the end of supply chain and all the customer will only buy the product or the service if he finds value in the same, creation of value is an important aspect of the supply chain process.

Q2 : True

This is true as information about future demand, backorders etc flows upstream while the customer orders fulfillment etc flows downstream

Q3 : True

Supply chain does not only involve sourcing the products from suppliers. It involves the end to end journey of the product right from sourcing the raw materials, making the products and ensuring that they are delivering it to the customers at the right place and time.

Q4 : Procurement

Procurement deals with the end to end process of buying the goods and services from the suppliers of the firm at a right cost and time.

Q5 : Selling

All the activities except selling come under the purview of the supply chain. Selling is a separate activity and is normally undertaken by a dedicated and separate Sales department.

Q6 : Bullwhip

Bullwhip effect is the phenomenon observed where slight demand fluctuations observed at a retail or end customer level is magnified as one moves to higher levels in the upstream that is distributor, wholesaler, manufacturer, and supplier.