As you plan a manufactured product supply chain, what is considered the most crucial element?
- CORRECT -🅰️ 🅰️ ☑️ ☑️ Component suppliers. without the base components required for the
product, the rest of the suppl chain cannot operate as designed.
The owner of a coal mine need power for the machinery that he uses to extract the coal. what is
this and example of? - CORRECT -🅰️ 🅰️ ☑️ ☑️ Doubling back. When a raw material supplier
ends up using a component that they produce in their own operations, it is an example of the
supply chain doubling back to serve itself. in this instance, the coal might be used to run power
generators that can then be used to power the basic mining equipment used to gather coal.
which is not essential element of product supply chain model? material extraction, material
transformation into product, selling to the user, reverse chains. - CORRECT -
🅰️ 🅰️ ☑️ ☑️ Reverse chain. Reverse transaction is not an essential element of supply chain
product model.
stakeholders - CORRECT -🅰️ 🅰️ ☑️ ☑a️ ll who can be affected by the decision made in a supply
chain. this may encompass the public, goverment, trade associations, and univerisities.
how can the goverment impact supply chain function? - CORRECT -🅰️
🅰️☑️
☑️Levying taxes,
creation of infrastructure, and regulation.
what is the best way to view the nature of a supply chain? ... a series of ..... - CORRECT -
🅰️ 🅰️ ☑️ ☑️ a series of processes that are linked together. each process can be carried out by a
different entity, the success or failure of the supply chain model depends on the process that
allows information, material, and cash to flow most seamlessly.
,what WAS the primary focus of some of the earlies supply chain models? - CORRECT -
🅰️ 🅰️ ☑️ ☑️ Cutting costs. However, as business became more connected, the focus became
value creation, rather than trimming expenses. this makes the chain more stable.
in a value creation supply chain, what are the most valuable activities - CORRECT -
🅰️ 🅰️ ☑️ ☑️ Activities that trascend a single entity. provide positive impact to no only a single
organization, but the chain as a whole.
when a supply chain operates externally, connecting business and organizations rather than
departments, one leading entity often emerges. what is the name of this entity? - CORRECT
-🅰️ 🅰️ ☑️ ☑️ Nucleus firm. the firm that directs and organized the supply chain is usually known
as a nucleus firm or channer master.
The SCOR supply chain process model includes three basic entities. Which of these can be found
to the right of your company in this model? - CORRECT -🅰️ 🅰️ ☑️ ☑C ️ustomers..... Suppliers
can be found to the left.
How many management process are included in the SCOR supply chain model? - CORRECT -
🅰️🅰️ ☑️☑️ 5 different processes. These are planning, sourcing, making, delivery, and returns.
The SCOR model is limited and does not account for every single business process. How many
tiers in each direction does the model extend from the central company? - CORRECT -
🅰️ 🅰️ ☑️ ☑️Accounts for 2 tiers in each direction from the central company. this includes 2
customer tiers and 2 supply tiers.
is sales and marketing part of the SCOR model? - CORRECT -🅰️
🅰️☑️
☑N
️ o
which of the following does the scor model assume is needed to build the model? fixed costs,
training, growth, regulation - CORRECT -🅰️ 🅰️ ☑️☑T️ raining. the model assumptions are:
Training, product service quality, information technology, and administration.
,managing supply chain encompases more than simply increasing speeds and cutting costs.
Whats the primary difference between overseeing process and managing silos? - CORRECT -
🅰️ 🅰️ ☑️ ☑️ Innovation and bringin entities together. Overseeing a process requires the ability
to bring various people and concepts together in new ways. it requires interaction between
different groups to bring benefit to each in the best way possible.
which figure is associated with vertical integration? (company/owner) - CORRECT -
🅰️ 🅰️ ☑️ ☑️ Henry Ford is the model for vertical integration. His action in bringin as many
elements as possible under the control of his company meets the primary aims of vertical
integration.
a company operates in both Europe and NA. Which is the most likely way the company would
operate in these regions? - CORRECT -🅰️🅰️ ☑️☑️ Focus on primary tasks, outsourcing of non-
primary tasks
For most supply chain models, what approach is assumed? - CORRECT -🅰️ 🅰️
☑️☑l️
ateral or
horizontal integration. this is the most effective model due to globalization.
Keiretsu Networks - CORRECT -🅰️
🅰️☑️
☑️-A middle ground between few suppliers and
vertical integration
-Supplier becomes part of the company coalition
a company has decided to split one of its divisio into tis own company. what is the benefit? -
CORRECT -🅰️ 🅰️ ☑️ ☑️Increased focus and expertise for both companies. this can lead to
development of better and more attractive products for customers that fit with the core values
of each individual company.
what has contributed the most to the development of lateral supply chains? access to chas, new
materials, outsorced hires, communication technologies - CORRECT -
🅰️🅰️ ☑️ ☑️ Communication technologies. Allows strategic partnerships to be formed.
, big draw back from lateral supply chain? - CORRECT -🅰️
🅰️☑️
☑️inability to see the larger
supply chain process as a whole.
A company does not have clearly defined goals or lings to outside busines, appart from
occasional transactions. What stage of supply chain management evolution does this best
correspond to? - CORRECT -🅰️ 🅰️☑️ ☑M ️ultiple dysfunction. a central firm does not have
goals or definitions hat are created in a clear and concrete manner. do not have meaningful
external ties to other department or organizations.
In a semifunctional enterprise, a company may begin to develop initiatives to increase efficiency
and quality control. what is still lacking at this stage of supplu chain management evolution? -
CORRECT -🅰️ 🅰️ ☑️ ☑️Decision making partnerships between departments.
Company X has begun to integrate its own internal processes and resources with its partners in
the supply chain. what is the name of this stage of supply chain evolution? - CORRECT -
🅰️ 🅰️ ☑️☑️ Extended Enterprise. This usually begins with a single partnership between entities
in the chain and can extend until all partners are meaningful networked.
Company has begun to bring departments together in planning for major product releases.
which stage of supply chain management evolution dies this approach best describe? -
CORRECT -🅰️ 🅰️ ☑️☑️ Integrated enterprise. when the company starts to dismantle traditional
silos that exist in departments and organizations. they are on their way to lateral integration of
the supply chain as a whole.
a semifunctional enterprise may implement plans to increase the function of various
departments. which of the following would best describe the actions of a semi-functional
enterprise? partnerships with distribution channels, building additional warehouses to house
inventory, finding ways to reduce inventory, - CORRECT -🅰️ 🅰️☑️ ☑F️ind ways to reduce
inventory. In most cases these initiatives are independent from each other and still exist only
internally within the organization.