Chapter 1 Supply Chain – Flashcards
Unlock all answers in this set
Unlock answersquestion
The logistics function of a supply chain would include Marketing and Engineering as its key inter-organizational participants.
answer
F
question
Most organizations function as part of a larger supply chain.
answer
T
question
The supply chain is a network of manufacturers and service providers that work together to convert and move goods from the raw materials stage to the end user.
answer
T
question
In general, operations management activites are information and decision intensive.
answer
T
question
A second-tier supplier is downstream from a first-tier supplier in the supply chain.
answer
F
question
Most of the participants in a supply chain are both suppliers and customers.
answer
T
question
Electronic commerce refers to the use of information technology solutions to automate business transactions.
answer
T
question
The drive for efficiency has decreased the level of globalization in the world economy over the last twenty years.
answer
F
question
Every organization has an operations function.
answer
T
question
Of the three flows linking organizations in a supply chain, information and monetary flows always move upstream and physical flows always move downstream.
answer
F
question
To participate in a supply chain, a firm must actually handle the physical goods at some point.
answer
F
question
Information and materials are two examples of inputs to the transformation process.
answer
T
question
The transformation process can be used to describe the production of intangible services.
answer
T
question
Inputs to the transformation process are tangible, but the outputs may be tangible or intangible.
answer
F
question
E-commerce is the component of a supply chain that is most susceptible to breakdown.
answer
F
question
To avoid supply chain problems, firms must manage relationships with their downstream suppliers as well as their upstream customers.
answer
F
question
The association for operations management is AOM
answer
F
question
Which of the following is NOT a flow typically found in a supply chain?
answer
Risk
question
Which of the following is primarily a supply chain management decision?
answer
From whom to purchase materials
question
Which of the following is NOT a trend in operations management?
answer
Decreased customization
question
Efforts to improve cooperation among firms in the supply chain can be characterized as:
answer
Relationship management
question
Which job title would most likely be responsible for supervising production in a manufacturing setting?
answer
Production manager
question
Jon was a mathematical whiz. He had a flat for developing spreadsheets, using stats, and creating simulations to show the effects of changes in policy and infrastructure. His skills equipped him well for his operations and supply chain position as:
answer
An analyst
question
Which department is least likely to interact with the purchasing function?
answer
Human resources
question
Planning numbers needed for effective decision making are typically developed by:
answer
Forecasting
question
______ is and example of an output of the transformation process.
answer
Satisfied customers
question
Which of the following statements about the operations function is NOT correct?
answer
The outputs of an operations function are always tangible
question
Which of the following statement regarding the supply chain is TRUE?
answer
A first-tier supplier is downstream form a second-tier supplier
question
Which of these statements about recent trends in operations and supply chain management is BEST?
answer
More companies are putting an emphasis on relationship management
question
An electronic commerce system:
answer
Can improve the speed and quality of business communicaiton
question
The collection of people, technology, and systems within an organization that has primary responsibility for providing the organizations products or services is called:
answer
The operations funciton
question
The organization that provides national and institutional leadership in purchasing and materials management is:
answer
ISM
question
Which of the following lists is in correct supply chain order?
answer
First-tier supplier - manufacturer - distributor
