MIS Assignment 8 – Flashcards
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General Motors, Ford, and DaimlerChrysler create a unified supply chain planning/execution system that all three companies and their suppliers could leverage. What value does this supply chain planning/execution system provide the automakers?
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To process automotive production, from ordering materials and forecasting demand to making cars directly to consumer specifications through the Web
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Which of the following represents the five key competitive priorities?
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Cost, quality, delivery, flexibility, service
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Supply chain strategy, supply chain partners, supply chain operation, and supply chain logistics are the four basic components of supply chain management.
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True
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When was SCM developed?
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1990s
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What does supply chain management involve?
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The management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability
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Which of the below represents the bullwhip effect?
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Misinformation regarding a slight rise in demand for a product could cause different members in the supply chain to stockpile inventory
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Which type of operational planning uses distribution management systems?
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Operational planning and control
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Distribution management system tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost.
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True
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Which of the following is a key to SCM success?
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Be future oriented
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Which of the following is not a factor of production when creating goods and services?
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Manufacturing
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Effective and efficient supply chain management systems can enable an organization to decrease the power of its buyers.
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True
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All of the following are part of the four basic components of supply chain management, except:
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Supply chain customers
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What is the ability to view all areas up and down the supply chain?
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Supply chain visibility
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Information technology, consumer behavior, visibility, and speed are the four changes resulting from advances in technology that are driving supply chains.
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False
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What deals with the day-to-day procedures for performing work, including scheduling, inventory, and process management?
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Operational planning and control
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Plan, source, make, deliver, and return are the five basic supply chain management components.
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True
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When does OM primarily increase value-added?
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During the transformation process
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Which of the following defines supply chain logistics?
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The schedule for production activities including testing, packaging, and preparation for delivery
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What applies technology to the activities in the order life cycle from inquiry to sale?
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Selling chain management
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Which of the following generates demand forecasts using statistical tools and forecasting techniques?
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Demand planning software
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What is the creation of goods and services using the factors of production including land, labor, capital, entrepreneurship, and knowledge?
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Productions
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What helps organizations reduce their investment in inventory, while improving customer satisfaction through product availability?
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Collaborative demand planning
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What tracks and analyzes the movement of materials and products to ensure the delivery of materials and finished goods at the right time, the right place, and the lowest cost?
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Transportation planning system
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What can effective and efficient supply chain management systems enable an organization to accomplish?
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Increase its supplier power
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DSSs allow managers to examine performance and relationships over the supply chain and among:
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All of the above
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Which of the following statements is true?
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Companies produce goods only without services
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CMMI stands for the Capability Matrix Modeling Integrity framework.
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False
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Which of the following defines supply chain strategy?
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The schedule for production activities including testing, packaging, and preparation for delivery
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Which of the following refers to value-added?
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Describes the difference between the cost of inputs and the value of price of outputs
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Which modern quality control standard is a framework of best practices in managing, measuring, and monitoring software development processes?
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CMMI
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Which of the following is not one of the five basic components of supply chain management?
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Cost
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The customers' customer is upstream in the supply chain.
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False
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Which type of operational planning uses global inventory management systems?
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Tactical planning
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Which of the following activities is not within the scope of OM?
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Transportation planning
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What consists of several stand-alone businesses?
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Strategic business units
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Which of the following is a top reason why executives use SCM to manage extended enterprises?
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Cost control
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Which of the following is not one of the three main links in the supply chain?
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Materials flow from suppliers and their "downstream" suppliers at all levels
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Wal-Mart and Procter & Gamble (P) implemented a tremendously successful SCM system. The system linked Wal-Mart's _____________ centers directly to P&G's _____________ centers.
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Distribution, manufacturing
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What is often referred to as the technical core and is the actual conversion of inputs to outputs?
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Transformation process
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Today, SCM systems focus on extending beyond an organization's four walls to influence:
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All of the above
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Which of the following defines supply chain partners?
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The partners chosen to deliver finished products, raw materials, and services including pricing, delivery, and payment processes along with partner relationship monitoring metrics
