DISTRIBUTION MANAGEMENT QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+
The difference between the value of the product and its price remains
with the customer as consumer surplus. Ans✓✓✓True
The goal during the supply chain operation phase is to exploit the
reduction of uncertainty and optimize performance. Ans✓✓✓True
For any supply chain, Ans✓✓✓there is only one source of revenue, the
customer.
A supply chain could be more accurately described as a supply network
or supply web. Ans✓✓✓True
Webvan designed a supply chain with large warehouses in several major
cities in the United States, from which groceries were delivered to
customer homes. They failed partly because of Ans✓✓✓higher labor
costs for picking orders.
The objective of the customer arrival process is to Ans✓✓✓maximize
the conversion of customer arrivals to customer orders.
Supply chain surplus involves what two parts? Ans✓✓✓Customer value
and supply chain cost
,The manufacturing cycle occurs at the Ans✓✓✓distributor/manufacturer
interface.
The supply chain planning phase exceeds the supply chain design phase
in duration. Ans✓✓✓False
Which of these statements about Dell's supply chain is best?
Ans✓✓✓Dell's initial success was largely driven by their
Assembly→Customer supply chain linkage.
The drive for strategic fit should come from Ans✓✓✓the highest levels
of the organization, such as the CEO.
For a company to achieve strategic fit, it must accomplish the following
keys: Ans✓✓✓The overall supply chain must operate at the lowest cost
possible to achieve success.
The interoperation scope has each stage of the supply chain devising its
strategy independently. Ans✓✓✓False
A company's competitive strategy defines the set of customer needs that
it seeks to satisfy through its products and services. Ans✓✓✓True
, The uncertainty of customer demand for a product is the
Ans✓✓✓demand uncertainty.
The second step in achieving strategic fit between competitive and
supply chain strategies is to Ans✓✓✓understand the supply chain and
map it on the responsiveness spectrum.
Scope of strategic fit refers to both the Ans✓✓✓function within the firm
and stages across the supply chain.
To retain strategic fit, supply chain strategy must be adjusted over the
life cycle of a product and as the competitive landscape changes.
Ans✓✓✓True
A supply chain strategy involves decisions regarding all of the following
except Ans✓✓✓New product development
With the ________ view, firms attempt to align all operations within a
function. In this view, all supply chain functions including sourcing,
manufacturing, warehousing, and transportation must align their strategy
to minimize total functional cost. Ans✓✓✓Intrafunctional scope
Safety inventory is used because Ans✓✓✓demand is uncertain and may
exceed expectations.
DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+
The difference between the value of the product and its price remains
with the customer as consumer surplus. Ans✓✓✓True
The goal during the supply chain operation phase is to exploit the
reduction of uncertainty and optimize performance. Ans✓✓✓True
For any supply chain, Ans✓✓✓there is only one source of revenue, the
customer.
A supply chain could be more accurately described as a supply network
or supply web. Ans✓✓✓True
Webvan designed a supply chain with large warehouses in several major
cities in the United States, from which groceries were delivered to
customer homes. They failed partly because of Ans✓✓✓higher labor
costs for picking orders.
The objective of the customer arrival process is to Ans✓✓✓maximize
the conversion of customer arrivals to customer orders.
Supply chain surplus involves what two parts? Ans✓✓✓Customer value
and supply chain cost
,The manufacturing cycle occurs at the Ans✓✓✓distributor/manufacturer
interface.
The supply chain planning phase exceeds the supply chain design phase
in duration. Ans✓✓✓False
Which of these statements about Dell's supply chain is best?
Ans✓✓✓Dell's initial success was largely driven by their
Assembly→Customer supply chain linkage.
The drive for strategic fit should come from Ans✓✓✓the highest levels
of the organization, such as the CEO.
For a company to achieve strategic fit, it must accomplish the following
keys: Ans✓✓✓The overall supply chain must operate at the lowest cost
possible to achieve success.
The interoperation scope has each stage of the supply chain devising its
strategy independently. Ans✓✓✓False
A company's competitive strategy defines the set of customer needs that
it seeks to satisfy through its products and services. Ans✓✓✓True
, The uncertainty of customer demand for a product is the
Ans✓✓✓demand uncertainty.
The second step in achieving strategic fit between competitive and
supply chain strategies is to Ans✓✓✓understand the supply chain and
map it on the responsiveness spectrum.
Scope of strategic fit refers to both the Ans✓✓✓function within the firm
and stages across the supply chain.
To retain strategic fit, supply chain strategy must be adjusted over the
life cycle of a product and as the competitive landscape changes.
Ans✓✓✓True
A supply chain strategy involves decisions regarding all of the following
except Ans✓✓✓New product development
With the ________ view, firms attempt to align all operations within a
function. In this view, all supply chain functions including sourcing,
manufacturing, warehousing, and transportation must align their strategy
to minimize total functional cost. Ans✓✓✓Intrafunctional scope
Safety inventory is used because Ans✓✓✓demand is uncertain and may
exceed expectations.
