Introduction to Supply Chain Management Quiz 1
All the answers come from the reading material assigned to date with a very large portion coming from 49 CFR Parts 100 to 186 and from the 2008 ERG There are questions that relate to the FAR, FEDSTD 313, 29 CFR and 40 CFR
Question 1 Which of the following functions is not part of the supply chain process?
Question 2 Which of the following answers is wrong when describing the supply chain management process?
A. Supply chain strategies can be determined in isolation
B. It is challenging to design and operate a supply chain so that system wide costs are minimized
C. It is challenging to design and operate a supply chain so that systemwide service levels are maintained.
D. Uncertainty and risk are inherent in every supply chain.
Question 3 Which of the following answers is not correct?
A. The supply chain is a complex network of facilities dispersed over a large geography
B. Different facilities in the supply chain frequently have different, conflicting objectives
C. Suppliers goals and manufacturer’s goals must be the same to ensure flexibility
D. The supply chain is a dynamic system that evolves over time
Question 4 The move to a global supply chain creates uncertainty and risk. Which of the following statements is not correct?
A. Matching supply and demand is very difficult.
B. Delivery leads times can have significant supply chain impact.
C. Advanced forecasting techniques makes it easy to predict demand for specific items.
D. The trend toward lean manufacturing, outsourcing, and offshoring increases risk significantly.
Question 5 of 10
Logistics and supply chain costs play an important role in the US economy reaching $1.18 trillion which is ____% of GDP in 2005.
Question 6 The largest cost component of total US supply chain costs is:
B. Inventory carrying costs
Question 7 of 10
Which of the following concepts/tools are not used to build effective supply chains?
A. Strategic partnerships
B. Sharing of information
D. Low risk financial loans
Question 8 of 10 Which of the following approaches has not been applied by corporations to manage risk in their supply chains?
A. Building redundancy into the supply chain
B. Using information to better sense and respond to disruptive events
C. Incorporating flexibility into supply contracts to better match supply and demand.
D. Implementing ebusiness models, such as FACEBOOK to communicate with consumers
Question 9 Which of the following definitions is not correct?
A. Customer value is the measure of a company’s contribution to its customer based on the entire range of products, services, and intangibles that constitute the company’s offerings.
B. Offshoring is the practice of moving domestic operations such as manufacturing to another country
C. Outsourcing is the utilization of a third party provider to perform services previously performed in house such as transportation, manufacturing, call center support.
D. Smart Pricing is the practice of selling products or services at a deep discount to gain new customers
Question 10 Which of the following statements is correct?
A. A vertically integrated company owns, manages, and operates all of its business functions
B. A vertically integrated company owns a number of companies, which act independently with unique strategies and brands.
C. In traditional supply chain strategies, each company works together to make the best decisions and to increase total profits.
D. Strategic sourcing is the process of determining short term supply requirements, finding specific suppliers to fulfill unique needs and services.
Why Choose Us
We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.
Professional Academic Writers
Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.
Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.
We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.
At Essay USA, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.
Customer Support 24/7
Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: email@example.com.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Essay USA has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.
At Essay USA, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.
Admission and Business Papers
Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.
Editing and Proofreading
Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.
We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.