Supply Chain Management Quiz
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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)?

<p>To automate the flow of information between a firm and its suppliers (C)</p> 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?

<p>Data synchronization tools (A)</p> Signup and view all the answers

What is the primary benefit of supply chain software?

<p>It helps organizations plan, execute, and control supply chain activities in real-time (A)</p> Signup and view all the answers

What is the relationship between ERP systems and SCIS?

<p>ERP systems have information elements needed by SCIS applications (A)</p> Signup and view all the answers

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

<p>The availability of various options (B)</p> Signup and view all the answers

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

<p>Insurance policy (A)</p> Signup and view all the answers

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

<p>To exchange business documents in a standard format (A)</p> Signup and view all the answers

Which category does an ERP system fall under?

<p>Supply chain transaction execution (B)</p> Signup and view all the answers

What is true about ERP systems?

<p>They are built around modules or components (A)</p> Signup and view all the answers

What was the outcome of SanDisk implementing a new system?

<p>Improved forecast accuracy by 25% (D)</p> Signup and view all the answers

What is possible to purchase in the software industry?

<p>Best of breed solutions from leading providers in each category (D)</p> Signup and view all the answers

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

<p>All of these (C)</p> Signup and view all the answers

What is a characteristic of ERP systems?

<p>They are web-based, open to integrate and interoperate with other systems (A)</p> Signup and view all the answers

What is horizontal collaboration defined as?

<p>Collaboration with horizontal and/or vertical competitors (B)</p> Signup and view all the answers

What is full collaboration composed of?

<p>Both vertical and horizontal collaboration (B)</p> Signup and view all the answers

How is a third-party logistics firm defined?

<p>An external supplier that performs or manages logistics functions (B)</p> Signup and view all the answers

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

<p>Strategic and customer related (B)</p> Signup and view all the answers

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

<p>The president or CEO and the finance executive (A)</p> Signup and view all the answers

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

<p>Tactical or operational services (C)</p> Signup and view all the answers

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

<p>Price and technology (B)</p> Signup and view all the answers

What is the primary role of a 3PL provider?

<p>To manage all or part of a company's logistics functions (A)</p> 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.

Information Sharing

  • 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.

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