Page1
,Page2
,Effective supply chain management relies on competitive bidding, corporate privacy,
and contracts based on short-term performance.
• F
The bullwhip effect is the result of companies producing excessive defective
products; defective items are whipped back from the end customer toward the
manufacturer of the defect.
✓ F
According to the textbook, the keys to successful supply chain management include
trust and honest, accurate communications between supply chain partners
✓ T
A certain supply chain is made up of:
1. Raw Materials Supplier
2. Components Manufacturer
3. A firm that manufacturers Sub-assemblies
4. End Item Manufacturer
5. Wholesale Distributor
6. Local Retail Chain Warehouse
Who is considered the End Item Manufacturer's second tier supplier?
a. Raw Materials Supplier
b. Wholesale Distributor
c. The final end item consumer
d. Components Manufacturer
e. Local Retail Chain Warehouse
D
Page3
, Which of the following statements is TRUE?
a. Supply chain management was invented by the auto manufacturing industry
b. Strategic partnerships are seen as one of the foundations of supply chain
management
c. Purchasing is seen as the final and most difficult step in the supply chain
d. Service response logistics is the digital distribution of services
B
Successful modern supply chain management typically includes the practice of:
a. Keeping high inventories throughout the supply chain
b. Always purchasing materials with the lowest per unit cost
c. The sharing of information between supply chain partners
d. Leadership through the practice of issuing ultimatums to your supply chain partners
C
The WTO is a trade organization seeking to establish trade barriers that will protect
member countries by excluding nations that pose an economic threat.
F
Blank check purchase orders, Corporate purchasing cards, Petty cash, and Open-end
purchase orders are all possible alternatives to dealing with small value purchases
such as those for office supplies.
T
If the break-even point in a typical make-buy scenario is 24,000 units and 8,000 units
are required, than the firm should choose to make.
F
Centralized purchasing is the practice where individual, local purchasing departments
throughout a single corporation make their own, individual purchasing decisions to
fulfill their individual local needs.
Page4
,Page2
,Effective supply chain management relies on competitive bidding, corporate privacy,
and contracts based on short-term performance.
• F
The bullwhip effect is the result of companies producing excessive defective
products; defective items are whipped back from the end customer toward the
manufacturer of the defect.
✓ F
According to the textbook, the keys to successful supply chain management include
trust and honest, accurate communications between supply chain partners
✓ T
A certain supply chain is made up of:
1. Raw Materials Supplier
2. Components Manufacturer
3. A firm that manufacturers Sub-assemblies
4. End Item Manufacturer
5. Wholesale Distributor
6. Local Retail Chain Warehouse
Who is considered the End Item Manufacturer's second tier supplier?
a. Raw Materials Supplier
b. Wholesale Distributor
c. The final end item consumer
d. Components Manufacturer
e. Local Retail Chain Warehouse
D
Page3
, Which of the following statements is TRUE?
a. Supply chain management was invented by the auto manufacturing industry
b. Strategic partnerships are seen as one of the foundations of supply chain
management
c. Purchasing is seen as the final and most difficult step in the supply chain
d. Service response logistics is the digital distribution of services
B
Successful modern supply chain management typically includes the practice of:
a. Keeping high inventories throughout the supply chain
b. Always purchasing materials with the lowest per unit cost
c. The sharing of information between supply chain partners
d. Leadership through the practice of issuing ultimatums to your supply chain partners
C
The WTO is a trade organization seeking to establish trade barriers that will protect
member countries by excluding nations that pose an economic threat.
F
Blank check purchase orders, Corporate purchasing cards, Petty cash, and Open-end
purchase orders are all possible alternatives to dealing with small value purchases
such as those for office supplies.
T
If the break-even point in a typical make-buy scenario is 24,000 units and 8,000 units
are required, than the firm should choose to make.
F
Centralized purchasing is the practice where individual, local purchasing departments
throughout a single corporation make their own, individual purchasing decisions to
fulfill their individual local needs.
Page4
