Supply Chain Objectives Quiz
29 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What factor is the least effective in few low-capacity locations?

  • Information management
  • Facility capacity
  • Low inventory levels
  • Transportation (correct)
  • Which supply chain entity uses transportation to minimize total costs and be responsive to customers?

  • The shipper (correct)
  • The carrier
  • The manufacturer
  • The supplier
  • What is the fastest delivery method of transportation?

  • Truck
  • Rail
  • Intermodal
  • Air (correct)
  • What do roads, seaports, airports, rail, and canals commonly have in almost all countries?

    <p>They were built and/or managed by the government</p> Signup and view all the answers

    In network design decisions, what should be avoided in low-capacity locations?

    <p>High transportation costs</p> Signup and view all the answers

    Which mode of transportation is often associated with higher costs but faster delivery?

    <p>Truck</p> Signup and view all the answers

    What is the key weakness of the intrafunctional scope view?

    <p>Different functions may have conflicting objectives.</p> Signup and view all the answers

    In the context of supply chain strategic fit, why must all supply chain functions align their strategy according to the text?

    <p>To minimize total functional cost.</p> Signup and view all the answers

    Which of the following would NOT make it increasingly difficult for supply chains to achieve strategic fit?

    <p>Increased Product Variety</p> Signup and view all the answers

    What happens to margins in the later stages of a product's life cycle based on the text?

    <p>They decrease due to competitive pressure.</p> Signup and view all the answers

    Why is product availability crucial in capturing the market in the later stages of a product's life cycle?

    <p>To enhance customer loyalty.</p> Signup and view all the answers

    Which of the following is a common challenge faced by supply chains according to the provided text?

    <p>Uncertain Demand</p> Signup and view all the answers

    Which one of the following is NOT a type of high-end product offered by Tiffany's?

    <p>Luxury watches</p> Signup and view all the answers

    Until what year did Tiffany's never purchase rough diamonds?

    <p>2003</p> Signup and view all the answers

    What is the reason Tiffany's does not use all the rough diamonds it processes?

    <p>They perform quality control and separate the diamonds that do not meet their standards</p> Signup and view all the answers

    What is the most important part of Tiffany's success, according to the text?

    <p>Their focus on quality, luxury, and exclusivity</p> Signup and view all the answers

    What advice is TRUE for Blue Nile's strategy and structure, according to the passage?

    <p>Continue focusing on their brand image by offering outstanding products and great service</p> Signup and view all the answers

    What is the type of facility described in the last paragraph?

    <p>An offshore facility</p> Signup and view all the answers

    What was the effect of the World Federation of Diamond's decision to reduce the supply of new gems entering the market?

    <p>It worsened the situation for wholesalers and retailers.</p> Signup and view all the answers

    What was the marketing strategy used by Zales to expand their business in the early years?

    <p>Offering a credit plan of 'a penny and a dollar a week'.</p> Signup and view all the answers

    What problem did Zales face after a decade of running the business?

    <p>Difficulty in obtaining new merchandise.</p> Signup and view all the answers

    What was the primary reason for the 2008 low point in the diamond industry for both wholesalers and retailers?

    <p>Decreased demand for diamond jewelry.</p> Signup and view all the answers

    What was the primary factor that contributed to Zales' initial success and expansion in the early years?

    <p>Innovative marketing strategies.</p> Signup and view all the answers

    What is the main objective of a supply chain according to the text?

    <p>To maximize profit of the manufacturer</p> Signup and view all the answers

    In the context of retailing in the United States, what does 'consolidated' imply?

    <p>Centralization</p> Signup and view all the answers

    Which key aspect must be achieved for a company to attain strategic fit?

    <p>Aligning overall supply chain design with strategy</p> Signup and view all the answers

    What characterizes efficient supply chains based on the text?

    <p>Quick response to demand</p> Signup and view all the answers

    Which factor is NOT essential for a company to achieve strategic fit?

    <p>Least cost operation of the supply chain</p> Signup and view all the answers

    How does retailing in the United States differ from centralized retailing according to the text?

    <p>'Consolidated' nature</p> Signup and view all the answers

    More Like This

    Understanding Business Models
    14 questions

    Understanding Business Models

    FascinatingNephrite2353 avatar
    FascinatingNephrite2353
    Supply Chain Processes Quiz
    4 questions

    Supply Chain Processes Quiz

    WellReceivedSquirrel7948 avatar
    WellReceivedSquirrel7948
    Use Quizgecko on...
    Browser
    Browser