(WGU D471) BUS 3910 Global Supply Chain Management Objective Assessment Guide Q & A

D471 BUS 3910 Global Supply Chain Management Objective Assessment Guid e Q & A 2024 1. Multiple Choice: What is the primary goal of supply chain integration? a) To increase the speed of product development b) To reduce operational costs c) To improve customer service d) To minimize inventory levels Answer : b) To reduce operational costs Rationale: Supply chain integration aims to streamline op erations and reduce costs by aligning and coordinating activities across the supply chain. 2. True/False: Bullwhip effect in the supply chain can be reduced by increasing order intervals. Answer : False Rationale: The bullwhip effect can be mitigated by smoothing the flow of information and reducing variability in order sizes, not necessarily by increasing order intervals. 3. Fill -in-the-Blank: The ________ is a network of facilities that procures raw materials, transforms them into intermediate good s and then final products, and delivers the products to customers through a distribution system. Answer : Supply Chain Rationale: This definition encapsulates the entire process of supply chain management from procurement to distribution. 4. Multiple Choice: Which of the following is not a key component of demand forecasting? a) Historical sales data b) Market analysis c) Weather forecasts d) Color preferences of the CEO Answer : d) Color preferences of the CEO Rationale: Demand forec asting relies on objective data and market analysis, not subjective preferences. 5. True/False: Outsourcing logistics can lead to a loss of control over the supply chain. Answer : True Rationale: While outsourcing can be cost -effective, it can also result in reduced control over logistics and supply chain operations. 6. Fill -in-the-Blank: In supply chain management, the term '________' refers to the coordination of production, invent ory, location, and transportation among the participants in a supply chain to achieve the best mix of responsiveness and efficiency for the market being served. Answer : Supply Chain Coordination Rationale: Coordination is key to optimizing the supply chain for responsiveness and efficiency.