A company evaluating supply chain options compares the lower costs associated with moving to a geographically distant area to the increased costs associated with achieving smooth, consistent, and timely flow of material. The company is determining:
A. total cost of ownership (TCO).
B. direct and indirect cost alignment.
C. complete cost considerations.
D. full-cost evaluation.
Which of the following terms refers to a supply chain management approach that attempts to gain a high degree of integration across the chain without compromising independent ownership?
A. Matrix structure
B. Ad hoc structure
C. Vertical integration
D. Virtual integration
What type of supplier relationship is characterized by short- and medium-term contracts with some visibility, interaction, and communication through designated contact points?
A. Joint venture
B. Ongoing
C. Partnership
D. Strategic alliance
The key to building a chain of suppliers that focuses on maximizing value to the customer is:
A. ensuring that suppliers perform to stated requirements.
B. making suppliers partners in the company strategy.
C. informing suppliers that they are being measured against each other.
D. passing on supplier cost reductions to the company.
Which of the following actions is key to achieving superior business performance using sales and operations planning (SandOP)?
A. Implement multi echelon inventory optimization software.
B. Obtain organizational commitment to high forecast accuracy.
C. Implement lean manufacturing principles at all locations.
D. Define and implement a global sourcing strategy.
Reverse supply chain activities typically peak at the beginning of which of the following product life cycle stages?
A. Introduction
B. Growth
C. Maturity
D. Decline
Which of the following actions is key to achieving superior business performance using sales and operations planning (SandOP)?
A. Implement multi echelon inventory optimization software.
B. Obtain organizational commitment to high forecast accuracy.
C. Implement lean manufacturing principles at all locations.
D. Define and implement a global sourcing strategy.
Which of the following types of auctions is an example of multiple sellers creating the lowest prices to buyers?
A. Forward
B. Dutch
C. Reverse
D. Demand management
Which of file following activities measures tire effectiveness of integrated supplier relationships?
A. Conducting a supplier certification audit
B. Evaluating first-time quality receipts
C. Tracking on-time delivery
D. Performing value analysis
A shipping company investing to reduce damages due to weather conditions is an example of:
A. risk tolerance.
B. risk exposure.
C. risk mitigation.
D. risk resilience.
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