A clothing company focuses its attention on high-fashion products and rapid product development. Which of the following types of value is the company trying to create?
A. Financial
B. Customer
C. Social
D. Environmental
Risk management assessment tools are common techniques used in which certification program?
A. ISO 31000
B. ISO 14000
C. ISO 26000
D. ISO 9000
Cash-to-cash cycle time is a measure of a firm's:
A. responsiveness to customer's requirements
B. working capital utilization
C. agility to meet changing customer requirements
D. total supply chain accounts receivable
Which of the following forecasting techniques is most appropriate when data is scarce?
A. Seasonal analysis
B. Computer simulation
C. Delphi method
D. Linear regression
Which of the following components of advanced planning and scheduling (APS) defines and coordinates constraints?
A. Demand management
B. Resource management
C. Resource optimization
D. Resource allocation
An advantage of the Supply Chain Operational Reference Model (SCOR) is that it:
A. has a hierarchical measurement system for supply chain attributes
B. takes into account the performance of all the nodes in the supply chain
C. allows the focus firm to better select, track and manage its suppliers and customers
D. provides a uniform set of target values that a firm should achieve to be `best in class'
A company plans to implement a new software application for inventory optimization. Which of the following actions will most likely reduce the implementation time?
A. Purchase the new software and host it on secure cloud servers
B. Develop the new software in-house and purchase additional hardware
C. Purchase the new software and customize it
D. Integrate the new software with supply chain partners
A distributor wants to run a promotion on an item that a manufacturer has just introduced. Which of the following processes would provide the most useful input data for evaluating the impact of promotions?
A. Demand planning
B. Production scheduling
C. Inventory management
D. Transportation planning
Which of the following measures would be an appropriate indicator of the marketing and sales organization's support of the sales and operations planning (SandOP) process?
A. Finished goods inventory as a percent of planned inventory
B. Percent of product introductions completed on schedule
C. Total revenue as a percent of planned revenue
D. New customers as a percent of total customers
Which of the following characteristics typically is required for a collaborative strategic relationship?
A. High levels of trust
B. History of successful collaboration
C. Awareness of cultural differences
D. Formal contracts defining the relationship
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