LOG Ch. 16 – Flashcards
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The seven principles of supply chain management have stood the test of time very well.
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true
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The first principle of supply chain management is to segment customers based on profit
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false
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The fourth principle of supply chain management is to differentiate products closer to the customer.
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true
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Technology and data are already very well integrated into supply chain management
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false
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Corporate executives are already well aware of the impact supply chain management can have on their businesses.
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false
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CEOs view SCM initiatives as being primarily focused on cost reduction
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true
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For businesses, collaboration skills are very important to develop
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true
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The primary goal of a differentiation strategy is make your firm's products appear to be different than your competitors' products
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false
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An effective time-based strategy should consider the tradeoffs between transportation, inventory, and warehousing costs
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true
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Decision making is part of the Cycle Time Reduction strategy
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true
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The most compelling "financial strategy" is the pursuit of cost reduction and profit improvement.
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false
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The "facility utilization" strategy places a high priority on making sure that all supply chain facilities create value only for the individual organizations.
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false
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Outsourcing is a way to reduce asset investment as well as to address strategic and customer- focused objectives.
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true
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As a result of the economic recession that occurred in the 2008-2010 timeframe, growth in supply chain technology has stagnated.
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false
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It is anticipated that software as a service (SaaS), GPS and Cloud Computing technologies shouldassistsignificantlyinachievingenhancedsupplychainflexibilityandfacilitating network-type solutions
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true
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Key performance indicators (KPIs) that require ownership and commitment to the objectives by all involved parties are needed for the success of relationship-based strategies
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true
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Which of the following does not belong in the list of the seven principles of supply chain management?
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Develop Outsourcing Strategy to Maximize Asset Utilization
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When a firm "customizes" their supply chain, it is
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tailoring the chain to be responsive to the needs of individual customer segments
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When a firm "sources strategically," it is
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working together with customers and suppliers in a creative, positive way.
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Corporat eleaders
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do not clearly understand the importance of supply chain excellence.
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CEOs view SCM initiatives
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being primarily focused on cost reduction.
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Which of the following is not part of how world class collaboration skills are developed?
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Determine how the benefits will be shared
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There are ________ high-priority areas in which it is important to develop effective logistics and supply chain strategies
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5
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Time-based strategies could affect
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the length of the cash to cash cycle
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Time-Reduction Logistics Initiatives
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could change push to pull
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The most compelling financial strategy is
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operational efficiency
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This information technologyis a shelf-level collaboration solution between consumer goods manufacturers and retailers, wherein the manufacturers pull in the point -of-sale (POS) data and other data that minimizes the bullwhip effect.
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Warehouse technology
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Facility Utilization and Equipment Utilization Strategies are
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complementary
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A 4PL is
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a 3PL looked to for providing competencies related to knowledge availability, information technology, and skills in forming and sustaining supply chain relationships
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Collaboration occurs when
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companies leverage each other on an operational basis so that together they perform better than they did separately.
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Questions regarding financial vs. non-financial benefits of collaboration include
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whether collaboration pays for itself
