3PL Customer Supply Chain Management Quiz and Flashcards

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Questions and Answers

What aspect of supply chain management provides managers with the knowledge needed to make effective situational assessments and develop appropriate responses?

Availability

Visibility (correct)

Accountability

Accuracy

Which of the following is NOT one of the seven Rs of logistics?

Inventory

Quality (correct)

Cost

Information

What is a major barrier to the effective use of information technology in supply chain management?

Management support

Effective applications

People (correct)

Cost

What is the primary function of a supply chain information system (SCIS)?

To automate the flow of information between a firm and its suppliers Signup and view all the answers

What type of software provides a platform for manufacturers, distributors, and retailers to aggregate and organize item-related data?

Data synchronization tools Signup and view all the answers

What is the primary benefit of supply chain software?

It helps organizations plan, execute, and control supply chain activities in real-time Signup and view all the answers

What is the relationship between ERP systems and SCIS?

ERP systems have information elements needed by SCIS applications Signup and view all the answers

What is a key consideration for managers when selecting software development and implementation options?

The availability of various options Signup and view all the answers

What is not a factor of the global operations supply chain vulnerability?

Insurance policy Signup and view all the answers

What is the primary function of Electronic Data Interchange (EDI)?

To exchange business documents in a standard format Signup and view all the answers

Which category does an ERP system fall under?

Supply chain transaction execution Signup and view all the answers

What is true about ERP systems?

They are built around modules or components Signup and view all the answers

What was the outcome of SanDisk implementing a new system?

Improved forecast accuracy by 25% Signup and view all the answers

What is possible to purchase in the software industry?

Best of breed solutions from leading providers in each category Signup and view all the answers

What is an issue to be addressed with on-demand supply chain software?

All of these Signup and view all the answers

What is a characteristic of ERP systems?

They are web-based, open to integrate and interoperate with other systems Signup and view all the answers

What is horizontal collaboration defined as?

Collaboration with horizontal and/or vertical competitors Signup and view all the answers

What is full collaboration composed of?

Both vertical and horizontal collaboration Signup and view all the answers

How is a third-party logistics firm defined?

An external supplier that performs or manages logistics functions Signup and view all the answers

What are the least-frequently used IT-based services by customers of 3PLs?

Strategic and customer related Signup and view all the answers

Who is often involved in the identification of the need for logistic services?

The president or CEO and the finance executive Signup and view all the answers

What do approximately two-thirds of 3PL customers think their providers supply?

Tactical or operational services Signup and view all the answers

What is the transition from information hoarding to information sharing heavily dependent on?

Price and technology Signup and view all the answers

What is the primary role of a 3PL provider?

To manage all or part of a company's logistics functions Signup and view all the answers

Study Notes

Supply Chain Management

Effective situational assessments and responses are enabled by visibility of demand, customer orders, delivery status, inventory stock levels, and production schedules.

Logistics

The seven Rs of logistics do not include cost, quality, or information.

Barriers to Information Technology

People are a major barrier to the effective use of information technology.

Supply Chain Information System (SCIS)

SCIS is an information system that automates the flow of information between a firm and its suppliers.

Supply Chain Software

Data synchronization tools aggregate and organize item-related data such as item number, price, description, and weight.
Supply chain software includes technologies that address virtually every function and task in the supply chain.

ERP Systems

ERP systems have information elements needed by SCIS applications.
ERP systems are web-based, open to integrate and interoperate with other systems, and built around modules or components.
ERP systems fall under supply chain transaction execution.

Electronic Data Interchange (EDI)

EDI is the exchange of business documents in a standard format.

Supply Chain Collaboration

Full collaboration is the dynamic combination of both vertical and horizontal collaboration.
Horizontal collaboration refers to relationships between horizontal and/or vertical competitors.

Third Party Logistics (3PL)

A third party logistics firm is an external supplier that performs or manages all or part of a company's logistics functions.
The least-frequently used IT-based services by customers of 3PLs are strategic and customer-related services.

Logistics Services

Executives from other areas in the company are also aware of the need for logistics services, but to a lesser degree.
Approximately two-thirds of 3PL customers think their providers supply tactical or operational services.

The transition from information hoarding to information sharing is heavily dependent on technology, trust, and confidentiality.

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Test your knowledge of supply chain management concepts, including demand visibility, logistics, and sustainable practices.

Supply Chain Management Quiz

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