Which of the following is FALSE about supply chains?

Which of the following statements about Supply Chain
Management (SCM) is correct?
a) SCM programs are putting ever greater emphasis on the
finance function
b) SCM coordinates and integrates several activities into a
process by linking the most important partners in the chain
c) The goal of SCM is to deliver the right product at the
right time, while yielding the lowest possible costs
d) SCM enables manufacturers to actively plan and
collaborate across a distributed supply chain

2. Which of the following is FALSE about supply chains?
a) Just-in-time deliveries (JIT) and lean manufacturing
dictate a demand chain
b) When customers of a service are also suppliers, they
should be attracted
c) A supply chain is suggestive of a system of production in
which the customer pulls the product
d) Suppliers that are not customers must be chosen carefully

3. 3PL companies:
a) Offer their products in a most efficient manner
b) Are also known as third-place location firms
c) Have chosen to outsource at least portions of their supply
chain management function
d) Provide services including handling product distribution
and returns, receiving materials and managing warehouses

4. Which of the following is NOT a factor that is increasing
the need to better manage the supply chain?
a) Optimization of their own value by most segments in the
supply chain
b) Global competition and outsourcing
c) E-commerce and telecommunications
d) Outsourcing and shorter life cycles

5. Suppose that you have found the AAIV (aggregate inventory
value on average for the year) to be $400 million. The daily cost of good sold
was estimated at $80 million, what is the estimated days of supply?
a) 5
b) 8
c) 32
d) 48

6. Logistics consist(s) of the following, EXCEPT:
a) Compensation and incentives
b) Storage and warehousing
c) Transportation and information processing
d) Inventories and distribution

7. Which of the following is TRUE about the bullwhip effect?
a) Variability in demand increases from the factory stage
downstream to the customer stage
b) This cycle is prevalent in just about every industry
c) Lead times between the stages of the supply chain tend to
be very short
d) Information lags stemming from large lot sizes with
infrequent orders may be a cause

8. What is the least expensive transportation mode?
a) Air
b) Trucking
c) Railroads
d) Water

9. Organizations that process natural or basic resources as
raw materials or other essential inputs to obtain their outputs will locate
near their resources if one of the following conditions holds:
a) High economies of scale exist for the product
b) The raw material can be shipped long distance before
being processed
c) There is a large loss in size or weight during
processing.
d) Both A and C

10. Purchasing tends to follow three practices; which of the
following is NOT one of them?
a) They leverage their buying power
b) They work with and help suppliers reduce costs
c) They commit to a small number of dependable suppliers
d) All of the above are practices followed by purchasing in
highly effective organizations
1. Which of the following statements about Supply Chain
Management (SCM) is correct?a) SCM programs are putting ever greater emphasis on the
finance functionb) SCM coordinates and integrates several activities into a
process by linking the most important partners in the chainc) The goal of SCM is to deliver the right product at the
right time, while yielding the lowest possible costsd) SCM enables manufacturers to actively plan and
collaborate across a distributed supply chain2. Which of the following is FALSE about supply chains?a) Just-in-time deliveries (JIT) and lean manufacturing
dictate a demand chainb) When customers of a service are also suppliers, they
should be attractedc) A supply chain is suggestive of a system of production in
which the customer pulls the productd) Suppliers that are not customers must be chosen carefully3. 3PL companies:a) Offer their products in a most efficient mannerb) Are also known as third-place location firmsc) Have chosen to outsource at least portions of their supply
chain management functiond) Provide services including handling product distribution
and returns, receiving materials and managing warehouses4. Which of the following is NOT a factor that is increasing
the need to better manage the supply chain?a) Optimization of their own value by most segments in the
supply chainb) Global competition and outsourcingc) E-commerce and telecommunicationsd) Outsourcing and shorter life cycles5. Suppose that you have found the AAIV (aggregate inventory
value on average for the year) to be $400 million. The daily cost of good sold
was estimated at $80 million, what is the estimated days of supply?a) 5b) 8c) 32d) 486. Logistics consist(s) of the following, EXCEPT:a) Compensation and incentivesb) Storage and warehousingc) Transportation and information processingd) Inventories and distribution7. Which of the following is TRUE about the bullwhip effect?a) Variability in demand increases from the factory stage
downstream to the customer stageb) This cycle is prevalent in just about every industryc) Lead times between the stages of the supply chain tend to
be very shortd) Information lags stemming from large lot sizes with
infrequent orders may be a cause8. What is the least expensive transportation mode?a) Airb) Truckingc) Railroadsd) Water9. Organizations that process natural or basic resources as
raw materials or other essential inputs to obtain their outputs will locate
near their resources if one of the following conditions holds:a) High economies of scale exist for the productb) The raw material can be shipped long distance before
being processedc) There is a large loss in size or weight during
processing.d) Both A and C10. Purchasing tends to follow three practices; which of the
following is NOT one of them?a) They leverage their buying powerb) They work with and help suppliers reduce costsc) They commit to a small number of dependable suppliersd) All of the above are practices followed by purchasing in
highly effective organizations

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