Drivers of Supply Chain Performance Quiz and Flashcards

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Questions and Answers

What are the logistical and cross functional drivers of supply chain performance discussed in the text?

Facilities, technology, human resources, and finance

Warehousing, packaging, distribution, and procurement

Inventory, transportation, information, sourcing, and pricing (correct)

Facilities, production, marketing, and sales

Which aspect of facilities in the supply chain is considered in terms of role, location, capacity, and flexibility?

Production sites only

Storage sites only

Role, location, capacity, and flexibility (correct)

All of the above

How does changing inventory policies affect the efficiency and responsiveness of a supply chain?

It reduces efficiency but improves responsiveness

It can dramatically alter both efficiency and responsiveness (correct)

It has no impact on efficiency or responsiveness

It improves efficiency but reduces responsiveness

What does transportation in the supply chain entail?

Moving inventory from point to point in the supply chain Signup and view all the answers

Which one of the following is not a type of facility in the supply chain network?

Work in process Signup and view all the answers

What determines if and how strategic fit is achieved across the supply chain according to the text?

The structure of logistical drivers like information and sourcing Signup and view all the answers

What role does information play in the supply chain according to the text?

Information affects each of the other drivers in the supply chain. Signup and view all the answers

How do sourcing decisions impact a supply chain?

Sourcing decisions determine what functions a firm performs and outsources. Signup and view all the answers

What does pricing affect in the supply chain?

Pricing determines how much a firm charges for goods and services available in the supply chain. Signup and view all the answers

How does transportation choice impact supply chain responsiveness and efficiency?

Transportation choice plays a significant role in impacting supply chain responsiveness and efficiency. Signup and view all the answers

Which aspect of the supply chain is directly influenced by pricing?

Customer behavior Signup and view all the answers

What determines what functions a firm performs and what functions are outsourced in a supply chain?

Sourcing decisions Signup and view all the answers

How does information impact supply chain performance?

It influences all other drivers in the supply chain Signup and view all the answers

What is the primary role of sourcing decisions in a supply chain?

Directly influencing responsiveness and efficiency Signup and view all the answers

How does pricing influence supply chain performance?

Affects customers' behavior towards the goods and services Signup and view all the answers

Which factor primarily determines what functions a firm performs and what functions are outsourced in a supply chain?

Strategic sourcing decisions Signup and view all the answers

What distinguishes pricing decisions from transportation choices in influencing supply chain performance?

Pricing affects buyer behavior, while transportation affects supplier behavior Signup and view all the answers

Why is information considered a key driver of performance in the supply chain?

Because it influences all other drivers in the supply chain Signup and view all the answers

What is the significance of decisions regarding facilities on a supply chain's performance?

Decisions about facilities can significantly impact the supply chain's performance Signup and view all the answers

How do transportation modes and routes impact the supply chain's performance?

Transportation can significantly alter the supply chain's responsiveness and efficiency based on different modes and routes Signup and view all the answers

Which component of the supply chain includes raw materials, work in process, and finished goods?

Inventory Signup and view all the answers

How do changes in inventory policies affect the supply chain's efficiency and responsiveness?

Altering inventory policies can dramatically alter the supply chain's efficiency and responsiveness Signup and view all the answers

What role does information play in determining a supply chain's strategic fit?

Information plays a crucial role in determining if and how strategic fit is achieved across the supply chain Signup and view all the answers

In what way do sourcing decisions impact the overall supply chain performance?

Sourcing decisions can significantly impact the overall performance of the supply chain Signup and view all the answers

Study Notes

Logistical and Cross-Functional Drivers of Supply Chain Performance

Logistical drivers include facilities, inventory, and transportation
Cross-functional drivers include sourcing, pricing, and information

Facilities in the Supply Chain

Role: transform raw materials into finished goods or provide services
Location: strategic locations to minimize transportation costs and maximize convenience
Capacity: adequate capacity to meet demand and adapt to changes
Flexibility: ability to adapt to changes in demand or supply

Inventory Policies and Supply Chain Performance

Changing inventory policies affect the efficiency and responsiveness of a supply chain
Higher inventory levels provide a buffer against uncertainty, but increase costs
Lower inventory levels reduce costs, but increase the risk of stockouts

Transportation in the Supply Chain

Transportation involves the movement of goods, services, or related information from one place to another
Transportation modes include land, air, sea, and rail
Transportation choices impact supply chain responsiveness and efficiency

Facility Types in the Supply Chain Network

Types of facilities include manufacturing, assembly, processing, storage, and distribution centers
A warehouse is not a type of facility in the supply chain network

Strategic Fit in the Supply Chain

Strategic fit is achieved when the firm's supply chain is aligned with its competitive strategy
Achieving strategic fit involves coordinating and integrating the logistical and cross-functional drivers

Information in the Supply Chain

Information plays a key role in the supply chain, enabling coordination and integration
Information includes data on demand, supply, and logistics

Sourcing Decisions and Supply Chain Performance

Sourcing decisions involve selecting and managing suppliers
Sourcing decisions impact supply chain performance by affecting quality, cost, and delivery

Pricing and Supply Chain Performance

Pricing decisions affect the revenue and profitability of a supply chain
Pricing influences supply chain performance by affecting demand and revenue

Transportation Mode and Route Selection

Transportation modes and routes impact supply chain responsiveness and efficiency
Transportation choices affect transportation costs, lead times, and reliability

Inventory in the Supply Chain

Inventory includes raw materials, work in process, and finished goods
Inventory management involves balancing inventory levels to minimize costs and maximize service levels

Information and Supply Chain Performance

Information is a key driver of performance in the supply chain
Accurate and timely information enables better decision-making and coordination

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Description

Explore the logistical and cross-functional drivers that impact supply chain performance in terms of responsiveness and efficiency. Learn how facilities, inventory, transportation, information, sourcing, and pricing interact to determine overall supply chain performance.

Drivers of Supply Chain Performance

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