Podcast
Questions and Answers
What is the primary purpose of postponement in a supply chain?
What is the primary purpose of postponement in a supply chain?
- To delay final modifications or customisation until the last possible moment (correct)
- To increase stock levels of finished goods
- To reduce economies of scale
- To locate operations in distant locations from customers
What benefit of supply chains allows producers to take advantage of lower unit costs?
What benefit of supply chains allows producers to take advantage of lower unit costs?
- Transporting goods in smaller quantities
- Producers locating operations in the best locations
- Concentrating operations in large facilities
- Wholesalers placing large orders (correct)
What is the primary advantage of cross-docking in supply chains?
What is the primary advantage of cross-docking in supply chains?
- Improving economies of scale
- Dramatically reducing stock levels and associated administration (correct)
- Increasing stock levels
- Reducing transportation costs
What is the primary reason why supply chains exist?
What is the primary reason why supply chains exist?
What benefit of supply chains allows retailers to carry less stock?
What benefit of supply chains allows retailers to carry less stock?
What is the primary purpose of supply chains in terms of operations?
What is the primary purpose of supply chains in terms of operations?
What is a major consequence of not integrating logistics within an organization?
What is a major consequence of not integrating logistics within an organization?
Why is it difficult to integrate logistics within an organization?
Why is it difficult to integrate logistics within an organization?
What is the primary goal of integrating logistics within an organization?
What is the primary goal of integrating logistics within an organization?
What is a common approach to integrating logistics over time?
What is a common approach to integrating logistics over time?
What is the result of fragmented logistics in terms of customer service?
What is the result of fragmented logistics in terms of customer service?
What is the main benefit of integrating logistics within an organization?
What is the main benefit of integrating logistics within an organization?
What type of integration occurs when one organisation buys other organisations in the supply chain?
What type of integration occurs when one organisation buys other organisations in the supply chain?
What is the primary characteristic of supplier partnering?
What is the primary characteristic of supplier partnering?
What can facilitate partnerships according to the text?
What can facilitate partnerships according to the text?
Which of the following is NOT a key feature of alliances?
Which of the following is NOT a key feature of alliances?
What is the common term for the joint activities and operations used to build and sustain a partnership?
What is the common term for the joint activities and operations used to build and sustain a partnership?
When logistics is divided into separate functions, what is likely to happen to each function?
When logistics is divided into separate functions, what is likely to happen to each function?
What is the primary goal of joint development in alliances?
What is the primary goal of joint development in alliances?
How do firms in an alliance typically approach pricing?
How do firms in an alliance typically approach pricing?
What is a key benefit of partnerships according to the text?
What is a key benefit of partnerships according to the text?
What is one of the levels of vertical integration shown in Figure 5?
What is one of the levels of vertical integration shown in Figure 5?
What is the primary benefit of shared information and expertise in alliances?
What is the primary benefit of shared information and expertise in alliances?
What is the main difference between a formal alliance and an informal cooperation?
What is the main difference between a formal alliance and an informal cooperation?
What is the main limitation of an organisation's perspective in a supply chain?
What is the main limitation of an organisation's perspective in a supply chain?
What is the key difference between a 3PL and a 4PL provider?
What is the key difference between a 3PL and a 4PL provider?
What is the primary goal of Lean Logistics?
What is the primary goal of Lean Logistics?
What is the benefit of integration in the supply chain at the level of physical movement?
What is the benefit of integration in the supply chain at the level of physical movement?
What is the key idea behind the statement 'supply chains compete, not companies'?
What is the key idea behind the statement 'supply chains compete, not companies'?
What is the foundation of Lean Logistics?
What is the foundation of Lean Logistics?
