Supply Chain Management Unit 4

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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?

To purchase supplies from on-line catalogs of vendors (B) Signup and view all the answers

What is one of the areas where the Internet is used in supply chains?

Purchasing (D) Signup and view all the answers

What is one of the opportunities offered by the Internet in supply chain management?

Timely receipt of orders from international customers (D) Signup and view all the answers

What is the primary reason for the increased public awareness of supply chain management in recent years?

The recognition of the connection between supply chain problems and the lived experience of disappointments concerning product availability and price (B) Signup and view all the answers

What has increased the scope and complexity of supply chains?

Past globalization of trade and the enterprises that engage in it (D) Signup and view all the answers

What has exposed the vulnerability of global supply chains?

The recent pandemic, high profile logistical disruptions, and war (B) Signup and view all the answers

What is a common goal shared by companies seeking to improve their supply chains?

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) Signup and view all the answers

What has stressed the management practices surrounding supply operations?

The corresponding swings in consumer preferences and demand (A) Signup and view all the answers

What is the primary focus of companies seeking to improve their supply chains?

To retain and grow their customer base and their bottom line (C) Signup and view all the answers

What is the primary goal of manufacturing outsourcing in supply chain management?

To reduce production costs and improve efficiency (C) Signup and view all the answers

Which type of outsourcing involves partnering with procurement service providers to manage sourcing and supplier relationships?

Procurement Outsourcing (B) Signup and view all the answers

What is a major challenge of outsourcing in supply chain management?

Ensuring consistent product or service quality (D) Signup and view all the answers

Which type of outsourcing involves engaging third-party logistics providers for warehousing and transportation services?

Logistics and Transportation Outsourcing (D) Signup and view all the answers

What is a risk of outsourcing in supply chain management?

Difficulty in managing communication channels and data sharing (C) Signup and view all the answers

Which type of outsourcing involves outsourcing customer support and after-sales service to external service providers?

Service Outsourcing (B) Signup and view all the answers

What is one of the benefits of collaboration in supply chains?

Improved innovation and flexibility (A) Signup and view all the answers

What is a challenge of co-maker ship in complex supply chain networks?

Establishing trust and relationships among partners (C) Signup and view all the answers

What is a risk that can be mitigated through collaborative risk management strategies?

All of the above (D) Signup and view all the answers

What is a consequence of improved product quality and faster delivery times in co-maker ship?

Enhanced customer satisfaction and loyalty (A) Signup and view all the answers

What is essential for effective co-maker ship arrangements?

Coordination and communication among partners (A) Signup and view all the answers

What is necessary for collaborative environments in co-maker ship?

Clear agreements and safeguards for intellectual property (C) Signup and view all the answers

Which of the following strategies aims to reduce waste generation and environmental footprint throughout the supply chain?

Resource Efficiency (A) Signup and view all the answers

What is the primary goal of Green Purchasing?

To procure eco-friendly, sustainable products, materials, and packaging (C) Signup and view all the answers

What is the main objective of Efficient Transportation?

To reduce fuel consumption and transportation-related environmental impact (C) Signup and view all the answers

What is the primary focus of Reverse Logistics?

To implement strategies for product returns, recycling, refurbishment, and waste management (B) Signup and view all the answers

What is the main goal of Renewable Energy Adoption?

To incorporate renewable energy sources into supply chain operations (C) Signup and view all the answers

What is the primary objective of Supplier Evaluation?

To assess suppliers based on their environmental performance, sustainability practices, and adherence to environmental regulations (D) Signup and view all the answers