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Unformatted text preview: Points Awarded 2.00 Points Missed 8.00 Percentage 20.0% 1. Which of the following statements about an efficient supply chain is most generally true? A) It is long B) It uses the fastest mode of transportation possible C) It uses the least expensive mode of transportation possible D) It emphasizes customized production E) Products are assembled in many locations Feedback: An efficient supply chain may use inexpensive, but slower, modes of transportation, emphasize economies of scale in its production process by reducing the variety of system configurations offered and limit its assembly and inventory storage facilities to a single location. Points Earned: 0.0/1.0 Correct Answer(s): C 2. Which of the following statements about a responsive supply chain is true? A) It is long B) It uses a fast mode of transportation C) It uses the least expensive mode of transportation possible D) It emphasizes mass production E) Products are assembled in only one location Feedback: A responsive supply chain may use more expensive express transportation, achieves product variety and manufacturing efficiency by designing common platforms across several products and using common components and operates manufacturing facilities in many locations. Companies using a responsive supply chain also invest in information technology to link with suppliers and customers. Points Earned: 0.0/1.0 Correct Answer(s): B 3. The output of a supply chain is A) Service delivered to customers B) Assurance, reliability, flexibility and tangibles C) Tangibles, dependability, responsiveness and flexibility D) Time, assurance, responsiveness and tangibles E) Convenience, flexibility, time and empathy Feedback: Key term definition—customer service Points Earned: 1.0/1.0 Correct Answer(s): A 4. In a supply chain context, which of the following statements about convenience is true? A) Convenience makes it easy to order B) Convenience allows the product to be available from many outlets C) Convenience means the seller will arrange all necessary details, including transportation D) Convenience promoted the use of vendor-managed inventory practices E) All of the above statements about communication are true Feedback: In a supply chain context, convenience means there should be a minimum of effort on the part of the buyer in doing business with the seller. It should be easy to order, the products should be available from many outlets and the seller should arrange all necessary details. Convenience promoted the use of vendor-managed inventory practices....
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This note was uploaded on 04/24/2010 for the course ECON 12123 taught by Professor Donald during the Spring '10 term at Johnson County Community College.
- Spring '10