Chapter 1 CV

question
The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses.
answer
True
question
A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system.
answer
True
question
Globalization has had little effect on consumers
answer
False
question
Supply and demand has become less volatile as managers become more adept at controlling the elements
answer
False
question
Outsourcing is a fairly new concept
answer
False
question
SAB should examine their off-shore purchasing policy, even though the products are sourced from the U.S
answer
True
question
It is expected that some or all of the BRIC countries (Brazil, Russia, India & china) will replace the so-called VISTA countries (Vietnam, Indonesia, S. Africa, Turkey and Argentina) as low cost producers of various products and services.
answer
False
question
The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily
answer
False
question
It is predicted that social networks such as Facebook and Twitter will influence supply chains because of their impact on customer demand and the speed of information transfers.
answer
True
question
The U.S. transportation system was deregulated in the 1930s and 1940s in response to economic conditions and World War 2
answer
False
question
Even though there are references to supply chain management in the 1980s, SCM did not capture the attention of senior-level management until the 1990s
answer
True
question
Supply chain managers no longer need to worry about suboptimization in light of today's technology.
answer
False
question
Most retailers are essentially supply chain companies since
answer
They buy products produced by others
question
Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape?
answer
Environmental concerns
question
Outsourcing involves
answer
Obtaining materials, parts, and products from other companies.
question
Some individuals describe the current consumer as the "click here" generation because
answer
We no longer wait for information to be "pushed out to us"
question
The demographics of our society has changed because
answer
Of the increase in two-career families and single-parent households
question
The Supply Chain concept
answer
Is developed from the previous Physical Distribution concept.
question
Logistics, in its simplest form
answer
Combines inbound logistics with the outbound logistics of physical distribution.
question
One of the major challenges of supply chain management is
answer
Maintaining the visibility of inventory
question
Which of these flows only one way as illustrated in Figure 1-4?
answer
None of these answers
question
Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and vendors
answer
None of these answers
question
One of the four supply chain flows in Figure 1 - 8 that has received increased attention from supply chain managers due to the growth in technology is:
answer
Demand flow
question
The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which is not included?
answer
Inventory carrying costs
question
Which of the following is not part of the Supply Chain network?
answer
Stores
question
Complexity in the supply chain is caused by
answer
All of these answers
question
Cost/value refers to
answer
The importance of cost and value at the very end of the supply chain.
question
Performance measurement is importan because
answer
Lower-level metrics in an organization must connect directly to the high-level performance to achieve goals.
question
A critical outcome of the supply chain is to deliver
answer
The right product to the right place
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question
The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses.
answer
True
question
A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system.
answer
True
question
Globalization has had little effect on consumers
answer
False
question
Supply and demand has become less volatile as managers become more adept at controlling the elements
answer
False
question
Outsourcing is a fairly new concept
answer
False
question
SAB should examine their off-shore purchasing policy, even though the products are sourced from the U.S
answer
True
question
It is expected that some or all of the BRIC countries (Brazil, Russia, India & china) will replace the so-called VISTA countries (Vietnam, Indonesia, S. Africa, Turkey and Argentina) as low cost producers of various products and services.
answer
False
question
The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily
answer
False
question
It is predicted that social networks such as Facebook and Twitter will influence supply chains because of their impact on customer demand and the speed of information transfers.
answer
True
question
The U.S. transportation system was deregulated in the 1930s and 1940s in response to economic conditions and World War 2
answer
False
question
Even though there are references to supply chain management in the 1980s, SCM did not capture the attention of senior-level management until the 1990s
answer
True
question
Supply chain managers no longer need to worry about suboptimization in light of today's technology.
answer
False
question
Most retailers are essentially supply chain companies since
answer
They buy products produced by others
question
Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape?
answer
Environmental concerns
question
Outsourcing involves
answer
Obtaining materials, parts, and products from other companies.
question
Some individuals describe the current consumer as the "click here" generation because
answer
We no longer wait for information to be "pushed out to us"
question
The demographics of our society has changed because
answer
Of the increase in two-career families and single-parent households
question
The Supply Chain concept
answer
Is developed from the previous Physical Distribution concept.
question
Logistics, in its simplest form
answer
Combines inbound logistics with the outbound logistics of physical distribution.
question
One of the major challenges of supply chain management is
answer
Maintaining the visibility of inventory
question
Which of these flows only one way as illustrated in Figure 1-4?
answer
None of these answers
question
Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and vendors
answer
None of these answers
question
One of the four supply chain flows in Figure 1 - 8 that has received increased attention from supply chain managers due to the growth in technology is:
answer
Demand flow
question
The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which is not included?
answer
Inventory carrying costs
question
Which of the following is not part of the Supply Chain network?
answer
Stores
question
Complexity in the supply chain is caused by
answer
All of these answers
question
Cost/value refers to
answer
The importance of cost and value at the very end of the supply chain.
question
Performance measurement is importan because
answer
Lower-level metrics in an organization must connect directly to the high-level performance to achieve goals.
question
A critical outcome of the supply chain is to deliver
answer
The right product to the right place