SCM 301- Test I review questions for ch.1, 3, and 4. Charter l-Introluction to S
ID: 399318 • Letter: S
Question
SCM 301- Test I review questions for ch.1, 3, and 4. Charter l-Introluction to Supply Chain Management TRUE/FALSE ing to the textbook, the keys to successful supply chain mamaden partners. T t include trust, cooperation, tion and honest, accurate communications between 2. Supply chain management is concerned about how suppliers' products are transported. F 3. One definition of supply chain management is "Coordination and collaboration w with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers.T and of 4. The univ y chain management is the parties involved in producing the end items coveted by consumers." s. The assembly or production of finished products, producing the right amount of product, and ensurins that finished products meet specific quality, cost, and customer service requirements can all elements of operations 6. According to the textbook, supply chains include raw material suppliers, intermediate component manufacturers, end-product manufacturers, wholesale distributors, retailers and end-product consumers. 7. Trucking companies, airfreight shipping companies, and information system providers can all be considered service providers to the supply chain. 8. According to the textbook, a supply chain's end customers are the only true source of income for all supply chain organizations. 9. The foundation elements of supply chain management are Supply. Operations, Customer Service Logistics 10. Supply chain management activity includes managing the various compensation and benefit programs 11. Highly valued customers with large purchasing budgets who achieve moderate supply chain management 12. Many large firms are moving to in-house vertically integrated structures where they have more control 13. Supply chain analytics can be used along the supply chain to schedule production according to expected 14. According to the textbook, in the 1950's and 1960's, mass production techniques focused on creating within an organization. success have been known to lower purchasing and inventory carrying costs, and create better quality products with higher levels of customer service. over each business unit. supplier deliveries ng product quality supplier partnerships, improving process design and flexibility, and improviExplanation / Answer
4. The given statement is TRUE.
5. The given statement is TRUE.
6. The given statement is TRUE.
7. The given statement is FALSE
8. The given statement is TRUE
9. The given statement is FALSE.
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