Supply Chain Management Techniques

Shipping by truck is a cost-effective method.

Technological advances can only serve to improve logistics management but not shipping security.

Devices that can detect a broken seal on a shipping container are not useful for logistics management.

One of the benefits of TQM is a lack of management commitment.

TQM focuses on the customer, both internally and externally.

Ineffective measurement techniques are a benefit of TQM implementation.

In Total Quality Management, machine operators are always trained to be facilitators.

Building high-morale organizations and building communication networks that include employees are both elements of Six Sigma certification.

The process of identifying other organizations that are best at some facet of your operations and then modeling your organization after them is known as continuous improvement.

ISO 9000 seeks standardization in terms of products.

Costs of dissatisfaction, repair costs, and warranty costs are elements of cost in the Taguchi Loss Function.

ISO 9000 certification and Six Sigma certification are the same thing.

A manager can always reach the correct conclusion in acceptance sampling if the sample is representative of the population.

The probability of accepting a bad lot is known as consumer's risk.

An acceptance sampling plan only needs to define the risk level associated with good lots.

The acceptable quality level (AQL) is the maximum level of quality that we are willing to accept.

A sample mean that is outside the control limits indicates that the process is in control.

The causes of variation in statistical process control include cycles and trends.

Postponement technique reduces automation in the production process.

Drop shipping involves delivering a product directly to the end consumer rather than to the retailer.

The average capacity utilization in the motor carrier industry is around 95%.

Third-Party Logistics (3PL) refers to the outsourcing of logistics operations to a third-party provider.

E-procurement is only suited for auctions and bidding components of Internet purchasing.

The three classic types of negotiation strategies are many suppliers, few suppliers, and keiretsu.

Choosing between producing a component or a service internally and purchasing it externally is a part of supply chain management.

Having a high percentage of on-time deliveries is a measure of supply chain performance.

Outsourcing is the process of producing goods or services internally instead of purchasing them externally.

The Institute for Supply Management is an organization that has published principles and standards for ethical supply management conduct.

Using a large number of suppliers increases the willingness to participate in Just-In-Time (JIT) production.

Vertical integration involves outsourcing activities to external vendors.