Chap010 - Chapter 10 - Supply-Chain Strategy Chapter 10...

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Unformatted text preview: Chapter 10 - Supply-Chain Strategy Chapter 10 Supply-Chain Strategy True / False Questions 1. The idea of supply-chain management is to apply a total system approach to managing the entire flow of information, materials and services from raw-materials suppliers through factories and warehouses to the end customer. TRUE Level: Easy 2. Two common measures to evaluate supply-chain efficiency are the consumer price index and the beta flow system. FALSE Level: Easy 3. Two common measures to evaluate supply-chain efficiency are the inventory turnover and weeks-of-supply ratios. TRUE Level: Easy 4. Inventory turn values that are considered "good" differ by industry and the type of products being handled. TRUE Level: Easy 10-1 Chapter 10 - Supply-Chain Strategy 5. Retailers who stock up during promotion periods where the prices of goods are reduced are doing backward buying. FALSE Level: Easy 6. The phenomenon that magnifies the variability in order quantities for goods as orders move through the supply-chain from the customer to the producer is called the bullwhip effect. TRUE Level: Easy 7. Functional products include staples that people buy in a wide range of retail outlets, such as grocery stores and gas stations. TRUE Level: Easy 8. The optimal strategy for functional products is to utilize an efficient supply-chain. FALSE Level: Medium 9. The optimal strategy for functional products is to utilize a responsive supply-chain. FALSE Level: Medium 10. The optimal strategy for innovative products is to utilize an efficient supply-chain. FALSE Level: Medium 10-2 Chapter 10 - Supply-Chain Strategy 11. The best strategy for innovative products is to use either a responsive or an agile supply- chain. TRUE Level: Medium 12. Outsourcing is the act of moving some of a firm's internal activities and decision responsibility to outside providers. TRUE Level: Easy 13. Outsourcing allows a firm to achieve an improved focus on its core competencies. TRUE Level: Easy 14. Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically. FALSE Level: Easy 15. Logistics is a term that refers to the management functions that support the complete cycle of material flow, from the purchase and internal control of production materials; to the planning and control of work-in-process; to the purchasing, shipping and distribution of the finished product. TRUE Level: Easy 10-3 Chapter 10 - Supply-Chain Strategy 16. A financially-driven reason for outsourcing is that it can generate cash by transferring assets to the provider. TRUE Level: Easy 17. An employee-driven reason for outsourcing is that it can give employees a stronger career path....
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Chap010 - Chapter 10 - Supply-Chain Strategy Chapter 10...

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