Supply Chain Risk Assessment

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Questions and Answers

What is a common consequence of offshore sourcing and manufacturing decisions?

Stagnant risk and fluctuating lead times
Decreased risk and reduced lead times
Increased risk and extended lead times (correct)
Reduced risk and increased lead times

What has the implementation of the Single Market in the European Union achieved for production and distribution facilities?

Centralized facilities achieving scale economies (correct)
Consolidated facilities achieving specialization
Decentralized facilities achieving flexibility
Reduced facilities achieving cost efficiency

What is a significant risk associated with outsourcing activities?

Increased efficiency and improved supply chain stability
Enhanced control and minimized supply chain disruptions
Streamlined processes and reduced supply chain complexity
Potential loss of control and disruptions in the supply chain (correct)

What is a consequence of the reduction of the number of suppliers and single sourcing?

Supply chain disruptions and increased risk (C) Signup and view all the answers

What are many organizations neglecting while addressing business continuity issues?

The wider supply chain risk dimension (C) Signup and view all the answers

What can help identify the risk profile of a business?

An audit of the main sources of risk across the network (A) Signup and view all the answers

Why has market turbulence increased in recent years?

Demand in almost every industrial sector has become more volatile. (B) Signup and view all the answers

What does the study conducted by Cranfield University define as supply chain vulnerability?

An exposure to serious disturbance from risks within and external to the supply chain. (D) Signup and view all the answers

What was the prevailing business model of the closing decades of the twentieth century based upon?

Search for greater levels of efficiency in the supply chain. (C) Signup and view all the answers

What impact do competitive product introductions have on life-cycle demand?

They make life-cycle demand difficult to predict. (A) Signup and view all the answers

What is identified as a reason for modern supply chains becoming more vulnerable?

A focus on efficiency rather than effectiveness (D) Signup and view all the answers

What is a key characteristic of resilient processes in a supply chain?

Flexibility and agility (B) Signup and view all the answers

What is the industry initiative that BAe Systems bases its strategic supplier management process on?

‘Supply Chain Relationships in Action’ (SCRIA) (A) Signup and view all the answers

What is the primary focus of BAe Systems' small teams placed in key suppliers' facilities?

Aligning supply chain processes and improving visibility (B) Signup and view all the answers

What does supply chain resilience require at critical points that constitute limiting factors to changes in the rate of flow?

'Slack' (B) Signup and view all the answers

What does achieving supply chain resilience imply about the ability of a system?

The ability to return to its original or desired state after being disturbed (A) Signup and view all the answers

What is the ideal scenario for risk management in a supply network according to the text?

Each entity in a network takes responsibility for implementing risk management procedures with their immediate first tier suppliers and customers (B) Signup and view all the answers

What is a useful tool for prioritizing supply chain risk management?

Failure mode and effect analysis (FMEA) (B) Signup and view all the answers

What is common in many companies regarding supply chain risk?

Lack of awareness of the wider supply/demand network (D) Signup and view all the answers

What is essential for managing supply chain risk?

Establishing a supply chain continuity team (D) Signup and view all the answers

What is crucial for effective supply chain risk management?

Understanding the supply chain and improving network visibility (A) Signup and view all the answers

What is used to manage critical nodes and links in the supply chain?

Contingency plans and statistical process control (D) Signup and view all the answers

What is necessary for identifying critical paths in the supply network?

Understanding the vulnerability of nodes and links in the supply network (C) Signup and view all the answers

ما هو الترتيب الذي نرتبه به الدرجات العلمية Formal؟

من الأحدث إلى الأقدم (D) Signup and view all the answers

ما هو المحدد الأول لدرجة علمية؟

التخصص (B) Signup and view all the answers

ما هو عنصر كل درحة علمية؟

التخصص و الكلية و الجهة (A) Signup and view all the answers

ما هي الدرجات العلمية الرسمية المmentioned في النص؟

دكتوراة و ماجستير و دبلوم و بكالوريوس (A) Signup and view all the answers

ما هو هدف الترتيب الزمني للدرجات العلمية؟

لترتيبها من الأحدث إلى الأقدم (C) Signup and view all the answers

Flashcards

Supply Chain Risk Management

Assessing risks within a supply chain, both internal (e.g., order quantities) and external (e.g., events).

Supply Chain Risk Stages

A structured approach to managing supply chain risk, often with 7 stages.