Supply Chain Management Unit 4

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Questions and Answers

What is one of the benefits of using the Internet in supply chain management?

  • Improving customer service (correct)
  • Limiting the scope of international orders
  • Reducing the use of on-line vendor catalogs
  • Increasing the use of traditional transportation methods

How do small companies in supply chains use the Internet?

  • To provide 7-day/24-hour customer service
  • To communicate with vendors on inventory levels and check the credit status of customers (correct)
  • To track shipments of different modes of transportation
  • To purchase supplies from on-line catalogs of vendors

What is one of the ways the Internet is used in order processing?

  • To schedule pickups and deliveries
  • To process customer queries and complaints (correct)
  • To track shipments of different modes of transportation
  • To negotiate with vendors on new purchases

How do large companies use the Internet in supply chain management?

<p>To purchase supplies from on-line catalogs of vendors (B)</p>
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What is one of the areas where the Internet is used in supply chains?

<p>Purchasing (D)</p>
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What is one of the opportunities offered by the Internet in supply chain management?

<p>Timely receipt of orders from international customers (D)</p>
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What is the primary reason for the increased public awareness of supply chain management in recent years?

<p>The recognition of the connection between supply chain problems and the lived experience of disappointments concerning product availability and price (B)</p>
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What has increased the scope and complexity of supply chains?

<p>Past globalization of trade and the enterprises that engage in it (D)</p>
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What has exposed the vulnerability of global supply chains?

<p>The recent pandemic, high profile logistical disruptions, and war (B)</p>
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What is a common goal shared by companies seeking to improve their supply chains?

<p>To be more flexible and agile in the face of disruptions, more adaptable to evolving markets, and more aligned to suppliers and customers in general (A)</p>
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What has stressed the management practices surrounding supply operations?

<p>The corresponding swings in consumer preferences and demand (A)</p>
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What is the primary focus of companies seeking to improve their supply chains?

<p>To retain and grow their customer base and their bottom line (C)</p>
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What is the primary goal of manufacturing outsourcing in supply chain management?

<p>To reduce production costs and improve efficiency (C)</p>
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Which type of outsourcing involves partnering with procurement service providers to manage sourcing and supplier relationships?

<p>Procurement Outsourcing (B)</p>
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What is a major challenge of outsourcing in supply chain management?

<p>Ensuring consistent product or service quality (D)</p>
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Which type of outsourcing involves engaging third-party logistics providers for warehousing and transportation services?

<p>Logistics and Transportation Outsourcing (D)</p>
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What is a risk of outsourcing in supply chain management?

<p>Difficulty in managing communication channels and data sharing (C)</p>
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Which type of outsourcing involves outsourcing customer support and after-sales service to external service providers?

<p>Service Outsourcing (B)</p>
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What is one of the benefits of collaboration in supply chains?

<p>Improved innovation and flexibility (A)</p>
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What is a challenge of co-maker ship in complex supply chain networks?

<p>Establishing trust and relationships among partners (C)</p>
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What is a risk that can be mitigated through collaborative risk management strategies?

<p>All of the above (D)</p>
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What is a consequence of improved product quality and faster delivery times in co-maker ship?

<p>Enhanced customer satisfaction and loyalty (A)</p>
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What is essential for effective co-maker ship arrangements?

<p>Coordination and communication among partners (A)</p>
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What is necessary for collaborative environments in co-maker ship?

<p>Clear agreements and safeguards for intellectual property (C)</p>
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Which of the following strategies aims to reduce waste generation and environmental footprint throughout the supply chain?

<p>Resource Efficiency (A)</p>
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What is the primary goal of Green Purchasing?

<p>To procure eco-friendly, sustainable products, materials, and packaging (C)</p>
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What is the main objective of Efficient Transportation?

<p>To reduce fuel consumption and transportation-related environmental impact (C)</p>
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What is the primary focus of Reverse Logistics?

<p>To implement strategies for product returns, recycling, refurbishment, and waste management (B)</p>
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What is the main goal of Renewable Energy Adoption?

<p>To incorporate renewable energy sources into supply chain operations (C)</p>
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What is the primary objective of Supplier Evaluation?

<p>To assess suppliers based on their environmental performance, sustainability practices, and adherence to environmental regulations (D)</p>
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