29 Questions
What is the purpose of supplier evaluation in SCM purchasing?
To determine supplier capabilities and performance
Which element of SCM focuses on matching demand to available capacity?
Demand management
What is the purpose of TQM (Total Quality Management) in SCM operations?
To improve quality compliance among buyers and suppliers
What does ERP (Enterprise Resource Planning) primarily focus on in SCM operations?
Linking buyers & suppliers
What is the main goal of strategic partnerships in SCM purchasing?
Successful and trusting, long-term relationships with top-performing suppliers
What is the focus of performance measurement in SCM integration?
Coordination/Integration activities
What is the main focus of transportation management in supply chain management?
Minimizing cost and maximizing delivery timing
What does supply chain integration require?
Intrafirm functional integration
Which strategy focuses on sourcing from larger global markets to gain advantages in cost and quality?
Global optimization
What are the main challenges of global optimization in supply chain management?
Complexity, conflicting objectives, dynamic system, and changing power structure
What strategy did Wal-Mart use to transform its logistics system?
Build-to-order strategy
What is a common characteristic of decision support systems in supply chain management?
Real-time information and advanced analytics
What plays a crucial role in determining if procedures are working in supply chain management?
Supply chain performance measurement
What does supply chain performance measurement help firms determine?
The effectiveness of procedures
What is the main advantage of global supply chains?
Lower cost and higher quality suppliers
What are the main tradeoff decisions involved in transportation management?
Cost and timing of delivery/customer service via different modes of transport
What is the purpose of strategic partnerships in SCM purchasing?
To improve quality compliance among buyers and suppliers
What is the main focus of demand management in SCM operations?
To match demand to available capacity
What is the purpose of supplier certification in SCM purchasing?
To assure product quality and service compliance
What is the main goal of TQM (Total Quality Management) in SCM operations?
To improve quality compliance among buyers and suppliers
What is the main focus of transportation management in supply chain management?
To link buyers & suppliers via MRP and ERP systems
What is the main advantage of global supply chains?
Reduced lead times for delivery
What is the primary focus of global optimization in supply chain management?
Balancing conflicting supply chain objectives on a global scale
What is one of the reasons global optimization is challenging in supply chain management?
Complex and dynamic nature of the supply chain
Which strategy did Wal-Mart employ to transform its logistics system?
Direct business model
What are some potential advantages of global supply chains in sourcing?
Lower cost and higher quality suppliers
What is the main purpose of collaborative forecasting in supply chain management?
Matching demand to available capacity
What plays a crucial role in determining if procedures are working in supply chain management?
Performance measurement
Which element of supply chain management focuses on creating distribution networks based on tradeoff decisions between cost and sophistication?
Network design
Test your knowledge of important elements of supply chain management including purchasing, operations, distribution, and integration. Topics covered include supplier alliances, strategic sourcing, demand management, ERP, TQM, transportation management, global integration problems, and more.
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