Module 2 - Knowledge Checks and Textbook Quiz Questions and Correct Answers the Latest Update and Recommended Version

What functions must be integrated to facilitate a seamless internal supply chain? a - Planning b - Sourcing c - Making d - Delivering (All of the above) The SCOR model views the relationship between a supply chain's functions as -------- to assess an organization's supply chain process/strengths and weaknesses. A Handoff The great divide refers to: The gap in the supply chain between upstream and downstream operations "Bending the chain" refers to: A move from a linear supply chain model to an integrated, overlapping one In order to capture Total Value Optimization (TVO), metrics should TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today! | Thank You for Choosing Us! © 2024 TestTrackers Customer Support: [] Resources & Updates: [Testtrackers - Stuvia US] Your Success is Our Mission! Capture both costs and service elements To achieve an integrated internal supply chain: a. Senior leadership must champion internal supply chain integration b. Reward structures must focus on total value creation c. KPIs must include metrics to capture TVO d. Culture must shift away from sub-optimal functional goals (All of the above) The three classifications of supply chain value desired by customers are: Form, time, and place Challenges to optimal supply chain management emerge from -------- Assumptions made during process development Procurement, Conversion, and Logistics are activities that must be done to fulfill the exchange commitment by creating form, time, and place value. True Total value optimization involves: Finding the optimal balance between increasing revenue and minimizing cost TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today! | Thank You for Choosing Us! © 2024 TestTrackers Customer Support: [] Resources & Updates: [Testtrackers - Stuvia US] Your Success is Our Mission! What part of the supply chain operations reference (SCOR) model involves turning the raw material into a finished product? Make What negative outcomes can result from large lot-size, long lead-time operations? a - Customers don't want the available items. b - The items are located in places and at times customers don't want them. c - Unsold products are sold at reduced prices or scrapped altogether d - all of the above All of the above On the demand creation side, --------- is concerned with determining and shaping long-term customer needs and innovative offerings to satisfy those needs. Marketin