Key Elements of Supply Chain Management Quiz
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Questions and Answers

What is the purpose of strategic partnerships in supply chain management?

  • To create successful and trusting long-term relationships with top-performing suppliers (correct)
  • To increase the number of suppliers for diversity
  • To reduce the need for supplier evaluation and certification
  • To establish short-term relationships with multiple suppliers

    • Which operation concept aims to match demand to available capacity?

  • Materials Requirement Planning (MRP)
  • Demand Management (correct)
  • Enterprise Resource Planning (ERP)
  • Just-in-Time (JIT)

    • What is the purpose of Total Quality Management (TQM) in supply chain management?

  • To increase inventory levels
  • To link buyers and suppliers via MRP and ERP systems
  • To reduce the need for supplier evaluation
  • To improve quality compliance among buyers and suppliers (correct)

    • What does MRP stand for in supply chain operations?

    <p>Materials Requirement Planning</p> Signup and view all the answers

    What is the main focus of supplier management in supply chain purchasing?

    <p>Improving performance through supplier evaluation and certification</p> Signup and view all the answers

    What does ERP stand for in supply chain operations?

    <p>Enterprise Resource Planning</p> Signup and view all the answers

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

    <p>All of the above</p> Signup and view all the answers

    What is the primary goal of supply chain integration?

    <p>To work for common goals and require intrafirm functional integration</p> Signup and view all the answers

    What are the advantages of global supply chains?

    <p>Lower cost and higher quality suppliers</p> Signup and view all the answers

    What is a crucial factor for firms to know if their supply chain procedures are working?

    <p>Supply chain performance measurement</p> Signup and view all the answers

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

    <p>Managing uncertainty</p> Signup and view all the answers

    Why is global optimization hard in supply chain management?

    <p>Due to the complex nature of the supply chain</p> Signup and view all the answers

    What has enabled Wal-Mart to transform its logistics system significantly?

    <p>Direct business model and build-to-order strategy</p> Signup and view all the answers

    What are some of the new challenges faced by supply chains?

    <p>Shorter product life cycle and more powerful well-informed customers</p> Signup and view all the answers

    What does Dell Computer attribute its outperformance in shareholder value growth to?

    <p>Build-to-order strategy and direct business model</p> Signup and view all the answers

    Which element is crucial for firms to consider when creating distribution networks based on tradeoff decisions?

    <p>Cost and sophistication of distribution system</p> Signup and view all the answers

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