SCM 421 FINAL EXAM (COMPLETE & VERIFIED) ACCURATELY SOLVED TEST QUESTION |
ALREADY GRADED A+
Which of the following is contributing to an increased emphasis on risk management?
a. Globalization
b. Outsourcing
c. Faster clockspeeds
d. Increasing customer demands
e. All of the above
all of the above
Just-in-time is related to which other principle?
a. Lean production
b. Outsourcing
c. Globalization
d. Greater competition
e. More complex supply chains
lean production
Thomas Friedman's best-selling book The World is Flat was primarily concerned with what?
a. Sustainability
b. Globalization
c. Innovation
d. Global warming
,e. International conflict
globalization
Which of the following statements is false?
a. There is a high level of apathy toward supply risk management
b. Most companies do not quantify risks when outsourcing production
c. Companies are well versed in supply chain risk management
d. Risk management is a challenging domain in need of more attention
e. Many companies do not have a risk management plan in place
Companies are well versed in supply chain risk management
External spend, as a fraction of total cost, has increased for most companies. Which risk
does this impact the most?
a. Inventory risk
b. Quality risk
c. Transit loss risk
d. Risk of natural disasters
e. Economics risks
quality risk
You can acquire services from Dun & Bradstreet to help do a better job with which of the
following?
a. Hedging
b. Near-sourcing
,c. Supplier monitoring
d. Postponement
e. Contract language
f. All of the above
supplier monitoring
FMEA allows us to brainstorm about what can go wrong and think about possible ways to
prevent a failure from happening.
TrueFalse
true
Which of the following are lenses for Strategic Cost Management?
a. Strategic Positioning Analysis
b. Value Chain Analysis
c. Cost Driver Analysis
d. Iceberg Analysis
e. All of the above
f. Only A, B, & C
Only A, B, & C
Strategic Positioning Analysis is important ... ?
a. To see the iceberg.
b. To know when to use a radar.
c. To understand which costs are important and relevant to your firm.
, d. To ensure every day low pricing
e. None of the above
To understand which costs are important and relevant to your firm.
Value Chain Analysis can help you understand ... ?
a. Icebergs and iceflows
b. How you can--or should--work with your supply chain partners.
c. Primary and support activities within your organization.
d. How your decisions will affect value creation and costs within your organization.
e. Only B, C, & D
How you can--or should--work with your supply chain partners.
Which of the following are true regarding Cost Drivers?
a. They are activities or decisions that create costs.
b. They can be just about anything and vary across industry.
c. Understanding cost drivers helps you make better decisions.
d. Can help you reduce costs tactically and strategically.
e. All of the above
all of the above
Strategic Cost Management's most important role is to help you ... ?
a. Cut costs.
b. Achieve the lowest possible price.
ALREADY GRADED A+
Which of the following is contributing to an increased emphasis on risk management?
a. Globalization
b. Outsourcing
c. Faster clockspeeds
d. Increasing customer demands
e. All of the above
all of the above
Just-in-time is related to which other principle?
a. Lean production
b. Outsourcing
c. Globalization
d. Greater competition
e. More complex supply chains
lean production
Thomas Friedman's best-selling book The World is Flat was primarily concerned with what?
a. Sustainability
b. Globalization
c. Innovation
d. Global warming
,e. International conflict
globalization
Which of the following statements is false?
a. There is a high level of apathy toward supply risk management
b. Most companies do not quantify risks when outsourcing production
c. Companies are well versed in supply chain risk management
d. Risk management is a challenging domain in need of more attention
e. Many companies do not have a risk management plan in place
Companies are well versed in supply chain risk management
External spend, as a fraction of total cost, has increased for most companies. Which risk
does this impact the most?
a. Inventory risk
b. Quality risk
c. Transit loss risk
d. Risk of natural disasters
e. Economics risks
quality risk
You can acquire services from Dun & Bradstreet to help do a better job with which of the
following?
a. Hedging
b. Near-sourcing
,c. Supplier monitoring
d. Postponement
e. Contract language
f. All of the above
supplier monitoring
FMEA allows us to brainstorm about what can go wrong and think about possible ways to
prevent a failure from happening.
TrueFalse
true
Which of the following are lenses for Strategic Cost Management?
a. Strategic Positioning Analysis
b. Value Chain Analysis
c. Cost Driver Analysis
d. Iceberg Analysis
e. All of the above
f. Only A, B, & C
Only A, B, & C
Strategic Positioning Analysis is important ... ?
a. To see the iceberg.
b. To know when to use a radar.
c. To understand which costs are important and relevant to your firm.
, d. To ensure every day low pricing
e. None of the above
To understand which costs are important and relevant to your firm.
Value Chain Analysis can help you understand ... ?
a. Icebergs and iceflows
b. How you can--or should--work with your supply chain partners.
c. Primary and support activities within your organization.
d. How your decisions will affect value creation and costs within your organization.
e. Only B, C, & D
How you can--or should--work with your supply chain partners.
Which of the following are true regarding Cost Drivers?
a. They are activities or decisions that create costs.
b. They can be just about anything and vary across industry.
c. Understanding cost drivers helps you make better decisions.
d. Can help you reduce costs tactically and strategically.
e. All of the above
all of the above
Strategic Cost Management's most important role is to help you ... ?
a. Cut costs.
b. Achieve the lowest possible price.
