All of the following are cost effective ways to mitigate or minimize risk, EXCEPT:
A. quality certification
B. multiple suppliers
C. supplier development
D. information sharing
E. improved forecasting
How do supply chain professionals create value for goods with a lower total value and a limited supply market?
A. relying on competitive bidding
B. short term contracting
C. blanket purchase orders
D. reducing the transaction cost of the purchase
E. collaborative efforts
Which of the following pillars of supply chain excellence refers to the process of assessing and selecting the structure and formal system of communication, division of labor, coordination, control, authority, and responsibility required to achieve company and supply chain-wide goals and objectives?
A. human resources
B. information technology
C. organizational measurement
D. organizational design
In terms of segmenting supply chain relationships and approaches in effective management of supply chain relationships, strategic items which include goods and services that consume a large portion of total purchase dollars require __________value, and _________ qualified suppliers in order to achieve the best results.
A. high; many
B. high; few
C. low; many
D. low; few
All of the following are parts of the physical distribution activities, EXCEPT:
A. outbound logistics
B. inbound logistics
C. customer service
D. marketing and sales
Which of the following reasons for viewing supply chains as a set of systematic processes is typically considered to be the most important?
A. processes usually move across functional boundaries
B. a well-defined and communicated process provides everybody with a standardizedworkflow and eliminates the need to reinvent procedures every time the company develops aproducts, fulfills an order, or evaluates a supplier
C. having a systematic process makes it easier to incorporate best practices and knowledge
D. with formal and defined processes, a company can document and measure them, whichfacilitates supply chain improvements
E. viewing the supply chain in terms of a globally aligned set of processes makes it possible toimplement consistency across geographic units
All of the following are non-supply groups that support supply chain activities EXCEPT:
A. engineering
B. marketing
C. human resources
D. operations
E. information technology
All of the following are one of the Four Pillars of Supply Chain Excellence EXCEPT:
A. human resources
B. organizational design
C. organizational measurement
D. inventory management
E. information technology
While everyone in the same organization works in the _______, not everyone within the organization works in the _______.
A. value chain, supply chain
B. supply chain, value chain
C. supply chain, supply room
D. value chain, supply room
All of the following are broad objectives of effective supply chain management EXCEPT:
A. management of risk
B. management of relationships
C. management of trade-offs
D. management of inventory
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