29 Questions
What factor is the least effective in few low-capacity locations?
Transportation
Which supply chain entity uses transportation to minimize total costs and be responsive to customers?
The shipper
What is the fastest delivery method of transportation?
Air
What do roads, seaports, airports, rail, and canals commonly have in almost all countries?
They were built and/or managed by the government
In network design decisions, what should be avoided in low-capacity locations?
High transportation costs
Which mode of transportation is often associated with higher costs but faster delivery?
Truck
What is the key weakness of the intrafunctional scope view?
Different functions may have conflicting objectives.
In the context of supply chain strategic fit, why must all supply chain functions align their strategy according to the text?
To minimize total functional cost.
Which of the following would NOT make it increasingly difficult for supply chains to achieve strategic fit?
Increased Product Variety
What happens to margins in the later stages of a product's life cycle based on the text?
They decrease due to competitive pressure.
Why is product availability crucial in capturing the market in the later stages of a product's life cycle?
To enhance customer loyalty.
Which of the following is a common challenge faced by supply chains according to the provided text?
Uncertain Demand
Which one of the following is NOT a type of high-end product offered by Tiffany's?
Luxury watches
Until what year did Tiffany's never purchase rough diamonds?
2003
What is the reason Tiffany's does not use all the rough diamonds it processes?
They perform quality control and separate the diamonds that do not meet their standards
What is the most important part of Tiffany's success, according to the text?
Their focus on quality, luxury, and exclusivity
What advice is TRUE for Blue Nile's strategy and structure, according to the passage?
Continue focusing on their brand image by offering outstanding products and great service
What is the type of facility described in the last paragraph?
An offshore facility
What was the effect of the World Federation of Diamond's decision to reduce the supply of new gems entering the market?
It worsened the situation for wholesalers and retailers.
What was the marketing strategy used by Zales to expand their business in the early years?
Offering a credit plan of 'a penny and a dollar a week'.
What problem did Zales face after a decade of running the business?
Difficulty in obtaining new merchandise.
What was the primary reason for the 2008 low point in the diamond industry for both wholesalers and retailers?
Decreased demand for diamond jewelry.
What was the primary factor that contributed to Zales' initial success and expansion in the early years?
Innovative marketing strategies.
What is the main objective of a supply chain according to the text?
To maximize profit of the manufacturer
In the context of retailing in the United States, what does 'consolidated' imply?
Centralization
Which key aspect must be achieved for a company to attain strategic fit?
Aligning overall supply chain design with strategy
What characterizes efficient supply chains based on the text?
Quick response to demand
Which factor is NOT essential for a company to achieve strategic fit?
Least cost operation of the supply chain
How does retailing in the United States differ from centralized retailing according to the text?
'Consolidated' nature
Test your knowledge on the objectives of a supply chain and their impact on a firm's success. Questions cover topics like maximizing profit, retailing in the United States, push/pull strategies, and supply chain consolidation.
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