Elements of Supply Chain Management Quiz

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What is the purpose of supplier evaluation in SCM purchasing?

To match demand to available capacity

To assure product quality and service compliance

To improve the 'pull' of materials to reduce inventory levels

To determine supplier capabilities and performance (correct)

Which element of SCM focuses on matching demand to available capacity?

Demand management (correct)

Performance measurement

Supplier management

Transportation management

What is the purpose of TQM (Total Quality Management) in SCM operations?

To determine supplier capabilities and performance

To link buyers & suppliers via MRP and ERP systems

To employ JIT to improve the 'pull' of materials to reduce inventory levels

To improve quality compliance among buyers and suppliers (correct)

What does ERP (Enterprise Resource Planning) primarily focus on in SCM operations?

Linking buyers & suppliers Signup and view all the answers

What is the main goal of strategic partnerships in SCM purchasing?

Successful and trusting, long-term relationships with top-performing suppliers Signup and view all the answers

What is the focus of performance measurement in SCM integration?

Coordination/Integration activities Signup and view all the answers

What is the main focus of transportation management in supply chain management?

Minimizing cost and maximizing delivery timing Signup and view all the answers

What does supply chain integration require?

Intrafirm functional integration Signup and view all the answers

Which strategy focuses on sourcing from larger global markets to gain advantages in cost and quality?

Global optimization Signup and view all the answers

What are the main challenges of global optimization in supply chain management?

Complexity, conflicting objectives, dynamic system, and changing power structure Signup and view all the answers

What strategy did Wal-Mart use to transform its logistics system?

Build-to-order strategy Signup and view all the answers

What is a common characteristic of decision support systems in supply chain management?

Real-time information and advanced analytics Signup and view all the answers

What plays a crucial role in determining if procedures are working in supply chain management?

Supply chain performance measurement Signup and view all the answers

What does supply chain performance measurement help firms determine?

The effectiveness of procedures Signup and view all the answers

What is the main advantage of global supply chains?

Lower cost and higher quality suppliers Signup and view all the answers

What are the main tradeoff decisions involved in transportation management?

Cost and timing of delivery/customer service via different modes of transport Signup and view all the answers

What is the purpose of strategic partnerships in SCM purchasing?

To improve quality compliance among buyers and suppliers Signup and view all the answers

What is the main focus of demand management in SCM operations?

To match demand to available capacity Signup and view all the answers

What is the purpose of supplier certification in SCM purchasing?

To assure product quality and service compliance Signup and view all the answers

What is the main goal of TQM (Total Quality Management) in SCM operations?

To improve quality compliance among buyers and suppliers Signup and view all the answers

What is the main focus of transportation management in supply chain management?

To link buyers & suppliers via MRP and ERP systems Signup and view all the answers

What is the main advantage of global supply chains?

Reduced lead times for delivery Signup and view all the answers

What is the primary focus of global optimization in supply chain management?

Balancing conflicting supply chain objectives on a global scale Signup and view all the answers

What is one of the reasons global optimization is challenging in supply chain management?

Complex and dynamic nature of the supply chain Signup and view all the answers

Which strategy did Wal-Mart employ to transform its logistics system?

Direct business model Signup and view all the answers

What are some potential advantages of global supply chains in sourcing?

Lower cost and higher quality suppliers Signup and view all the answers

What is the main purpose of collaborative forecasting in supply chain management?

Matching demand to available capacity Signup and view all the answers

What plays a crucial role in determining if procedures are working in supply chain management?

Performance measurement Signup and view all the answers

Which element of supply chain management focuses on creating distribution networks based on tradeoff decisions between cost and sophistication?

Network design Signup and view all the answers

Elements of Supply Chain Management Quiz

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Questions and Answers

What is the purpose of supplier evaluation in SCM purchasing?

Which element of SCM focuses on matching demand to available capacity?

What is the purpose of TQM (Total Quality Management) in SCM operations?

What does ERP (Enterprise Resource Planning) primarily focus on in SCM operations?

What is the main goal of strategic partnerships in SCM purchasing?

What is the focus of performance measurement in SCM integration?

What is the main focus of transportation management in supply chain management?

What does supply chain integration require?

Which strategy focuses on sourcing from larger global markets to gain advantages in cost and quality?

What are the main challenges of global optimization in supply chain management?

What strategy did Wal-Mart use to transform its logistics system?

What is a common characteristic of decision support systems in supply chain management?

What plays a crucial role in determining if procedures are working in supply chain management?

What does supply chain performance measurement help firms determine?

What is the main advantage of global supply chains?

What are the main tradeoff decisions involved in transportation management?

What is the purpose of strategic partnerships in SCM purchasing?

What is the main focus of demand management in SCM operations?

What is the purpose of supplier certification in SCM purchasing?

What is the main goal of TQM (Total Quality Management) in SCM operations?

What is the main focus of transportation management in supply chain management?

What is the main advantage of global supply chains?

What is the primary focus of global optimization in supply chain management?

What is one of the reasons global optimization is challenging in supply chain management?

Which strategy did Wal-Mart employ to transform its logistics system?

What are some potential advantages of global supply chains in sourcing?

What is the main purpose of collaborative forecasting in supply chain management?

What plays a crucial role in determining if procedures are working in supply chain management?

Which element of supply chain management focuses on creating distribution networks based on tradeoff decisions between cost and sophistication?

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