1. Technically speaking, which of the following combinations of companies is suf

Question

1. Technically speaking, which of the following combinations of companies is sufficient to constitute a supply chain?

a) Any network of suppliers

b) Two suppliers and a customer

c) A supplier, a nucleus firm (company), and a customer

d) Two manufacturers and a distributor

            e) All of the above   

2. True or false? Supply chain management can be applied only to supply chains with a manufacturing company in the middle.

            ____True

____False

3. When Henry Ford organized Ford Motor Company to include raw materials extraction and dealerships as well as his assembly lines, he created which of the following?

a) Vertical supply chain

b) Lateral supply chain

c) U.S. equivalent of a keiretsu

d) Monopoly

4. Which of the following is the primary benefit of a vertical supply chain strategy?

a) Multiorganization connectivity along the supply chain

b) Economies of scale at each supply chain node

c) Control

d) Focus on core functions

5. Which of the following is an advantage of using a lateral supply chain?

a) To improve business focus and expertise

b) To leverage communication and production competencies

c) To achieve economies of scale and scope

d) All of the above

6. True or false? The three Vs are velocity, visibility, and volume.

     _____True

     _____False

7. True or false? One of the benefits of supply chain management is increased visibility of flows.

   _____True

    _____False

8. Organizational design does not refer to

a. the framework within which operational and management activities are performed.

b. how internal and external communication flows.

c. an organizational structure to support strategic business plans and goals.

d. how employees view the structure of a company.

9. Which of the following is the supply chain evolution stage in which a nucleus company begins initiatives to improve efficiency, effectiveness, and quality within functional areas?

a. Multiple dysfunction

b. Semi functional enterprise

c. Integrated enterprise

d. Extended enterprise

10. True or false? The following graphic illustrates the extended enterprise.

____True

____ False

11. What is the biggest risk of signing a long-term supply contract to buy regular amounts of a subcomponent to get a significant price reduction?

a. The inventory of obsolete items could increase.

b. The supplier could reduce quality but not price.

c. The supplier could go out of business.

d. The chance of efficiency improvements could decrease.

12. Which would be the fastest way for a fashion clothing company to get to market while also minimizing demand mismatch risks?

a. Go to runway shows and make final design decisions.

b. Go to runway shows and make very similar designs.

c. Look at street trends and buy appropriate fabrics before the runway season.

d. Look at street trends and manufacture popular items before the runway season.

13. If an innovative technology for a new type of car has no sales data to use to anticipate regional sales, which is the best method of satisfying demand?

a. Use sales of the most similar product to allocate inventory to retail locations.

b. Ship most units to distribution centers instead of retail locations.

c. Keep units at production facilities until firm orders for them come in.

d. Delay production of units until firm orders come in.

14. Which is a key reason to take a hard look at organizational and supply chain strategy, even if it is currently very profitable?

a) Disruptive technology

b) Incremental improvement

c) Demand that continues to be on a steady upward trend

d) Supply chain that emphasizes resilience at a cost

15. Which is the best supply chain for an organization that has some small expensive items and some bulky inexpensive items?

a) Third-party public shipping service with air and ground options they select

b) Third-party ground-based delivery fleet

c) Owned ground-based delivery fleet

d) Multiple supply chain

Explanation / Answer

1) E

All are important to constitute a supply chain which includes Supplier, Company, Manufacturer, Distributor, Customer

2) False

It can be applied to Manufacturing as well as Service industry. Also, concepts are useful at all stages including supplier, manufacturer, distributor and customer

3) a

Vertical supply chain means to own the processes which are before or after the core manufacturing. In case of Henry Ford, he owned the raw material extraction as well as dealership to bring everything under one umbrella

4) C

When there is vertical supply chain, it helps to own the process and have better control

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