Operations Management Study Set 1

Business

Quiz 10 :

Supply Chain Management Strategy and Design

Quiz 10 :

Supply Chain Management Strategy and Design

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Supply chain uncertainty and variability may result in incomplete and late orders.
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True False
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True

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One way to cope with the bullwhip effect is for supply chain members to share demand information.
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True False
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True

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The bullwhip effect occurs when slight to moderate demand variability becomes magnified as demand information is transmitted back upstream.
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True

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Companies address uncertainty in their supply chains by holding extra inventory.
True False
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A supply chain encompasses only the activities associated with the flow of goods and services.
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Discuss sustainable supply chain practices and how they relate to quality management.
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Final end-use customers are upstream members of a supply chain.
True False
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The supply chain for a service tends to be more compacted and less extended than a supply chain for a manufactured good.
True False
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Increasing supply chain transparency only magnifies the bullwhip effect.
True False
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Discuss tools for monitoring supply chain performance and calculate key performance indicators.
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Collaborative planning, forecasting, and replenishment (CPFR) is a useful tool supporting supply chain integration.
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Supply chains for services are easier to define than supply chains for manufactured goods.
True False
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Suppliers are upstream members of a supply chain.
True False
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Discuss information technologies currently available for supply chain management.
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Traditionally, each supply chain member was viewed as a separate, stand-alone entity focused on its own goals.
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Define supply chains with respect to both manufacturing and services.
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Because value chain and supply chain have similar meanings they are often used interchangeably.
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Globalization and advances in information technology are primary reasons why supply chain management has become a competitive priority for companies.
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Provide an overview of the four areas where information technology assists with supply chain integration.
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Explain characteristics and management strategies of the modern supply chain.
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