16 Questions
Which element of Supply Chain Management involves matching demand to available capacity?
Demand management
What does TQM stand for in the context of Supply Chain Management?
Total Quality Management
What is the purpose of ERP (Enterprise Resource Planning) in Supply Chain Management?
To integrate and manage business processes
What is the main goal of supplier evaluation in SCM purchasing?
To determine supplier capabilities and performance
Which element of Supply Chain Management involves long-term relationships with top-performing suppliers?
Strategic Partnerships
What does MRP stand for in the context of Operations in Supply Chain Management?
Materials Requirement Planning
What is the primary purpose of Transportation management in Supply Chain Management?
Determining service requirements
What is a key feature of Supply Chain Integration?
Intrafirm functional integration
Why might Global Supply Chains involve operating exposure?
To reduce the risk in foreign settings
What is a challenge in achieving Global Optimization in Supply Chain Management?
A dynamic and complex system
What strategy helps in dealing with uncertainty in Supply Chain Management?
Strategic Alliances
What did Wal-Mart achieve through its logistics transformation?
Increased sales per square foot and inventory turnover
What was a key factor contributing to Dell Computer's outperformance in shareholder value growth?
Direct business model and build-to-order strategy
What are some of the challenges posed by the new dynamics in Supply Chain Management?
Shorter product life cycles and powerful, well-informed customers
What tools and approaches help with Global Optimization in Supply Chain Management?
"Supply Contracts" and "Collaborative Forecasting"
What was a significant achievement by Dell Computer during 1988-1996?
Build-to-order strategy implementation for logistics transformation
Test your knowledge of important elements in supply chain management including purchasing, operations, distribution, and integration activities.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
