SUPPLY CHAIN MANAGEMENT STRATEGY
PLANNING AND OPERATION 7TH EDITION
FINAL PAPER EXAM PREP QUESTIONS AND
ANSWERS GUARANTEED TO PASS
◉ Which of the following determines the nature of procurement of
raw materials, transportation of materials to and from the company,
manufacture of the product or operation to provide the service, and
distribution of the product to the customer along with follow-up
service?
Answer: Supply chain strategy
◉ Which of the following defines the set of customer needs that a
company seeks to satisfy through its products and services?
Answer: Competitive strategy
◉ Which of the following specifies the portfolio of new products that
a company will try to develop?
Answer: Product development strategy
◉ A supply chain strategy involves decisions regarding all of the
following except
, Answer: new product development.
◉ The uncertainty of customer demand for a product is the
Answer: demand uncertainty.
◉ The uncertainty that exists due to the portion of demand that the
supply chain is required to meet is the
Answer: implied demand uncertainty.
◉ Which of the following customer needs will cause implied
uncertainty of demand to increase?
Answer: Lead time decreases
◉ The first step in achieving strategic fit between competitive and
supply chain strategies is to
Answer: understand customers and supply chain uncertainty.
◉ The second step in achieving strategic fit between competitive
and supply chain strategies is to
Answer: understand the supply chain and map it on the
responsiveness spectrum.
PLANNING AND OPERATION 7TH EDITION
FINAL PAPER EXAM PREP QUESTIONS AND
ANSWERS GUARANTEED TO PASS
◉ Which of the following determines the nature of procurement of
raw materials, transportation of materials to and from the company,
manufacture of the product or operation to provide the service, and
distribution of the product to the customer along with follow-up
service?
Answer: Supply chain strategy
◉ Which of the following defines the set of customer needs that a
company seeks to satisfy through its products and services?
Answer: Competitive strategy
◉ Which of the following specifies the portfolio of new products that
a company will try to develop?
Answer: Product development strategy
◉ A supply chain strategy involves decisions regarding all of the
following except
, Answer: new product development.
◉ The uncertainty of customer demand for a product is the
Answer: demand uncertainty.
◉ The uncertainty that exists due to the portion of demand that the
supply chain is required to meet is the
Answer: implied demand uncertainty.
◉ Which of the following customer needs will cause implied
uncertainty of demand to increase?
Answer: Lead time decreases
◉ The first step in achieving strategic fit between competitive and
supply chain strategies is to
Answer: understand customers and supply chain uncertainty.
◉ The second step in achieving strategic fit between competitive
and supply chain strategies is to
Answer: understand the supply chain and map it on the
responsiveness spectrum.
