16 Questions
What is the purpose of strategic partnerships in supply chain management?
To create successful and trusting long-term relationships with top-performing suppliers
Which operation concept aims to match demand to available capacity?
Demand Management
What is the purpose of Total Quality Management (TQM) in supply chain management?
To improve quality compliance among buyers and suppliers
What does MRP stand for in supply chain operations?
Materials Requirement Planning
What is the main focus of supplier management in supply chain purchasing?
Improving performance through supplier evaluation and certification
What does ERP stand for in supply chain operations?
Enterprise Resource Planning
What is the main focus of distribution in supply chain management?
All of the above
What is the primary goal of supply chain integration?
To work for common goals and require intrafirm functional integration
What are the advantages of global supply chains?
Lower cost and higher quality suppliers
What is a crucial factor for firms to know if their supply chain procedures are working?
Supply chain performance measurement
What is the primary focus of global optimization in supply chain management?
Managing uncertainty
Why is global optimization hard in supply chain management?
Due to the complex nature of the supply chain
What has enabled Wal-Mart to transform its logistics system significantly?
Direct business model and build-to-order strategy
What are some of the new challenges faced by supply chains?
Shorter product life cycle and more powerful well-informed customers
What does Dell Computer attribute its outperformance in shareholder value growth to?
Build-to-order strategy and direct business model
Which element is crucial for firms to consider when creating distribution networks based on tradeoff decisions?
Cost and sophistication of distribution system
Test your knowledge of important elements in supply chain management, including purchasing, operations, distribution, and integration activities. Topics covered include supplier alliances, demand management, transportation management, and global integration problems.
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