PRACTICE ACTUAL VERIFIED STUDY
QUESTIONS AND ANSWERS
Sources of supply chain cost are: - ANSWER--The difference between costs
incurred and costs delayed
-Flows of information, products, or funds between stages of the supply
chain***
-The sum of the costs incurred and the costs delayed
-None of the above
Regarding a company's supply chain strategy, the extremes of the cost
spectrum are represented by the terms: - ANSWER--Responsive and
efficient***
-Dynamic and static
-Rigid and flexible
-Discrete and continuous
The advantage a company has in attracting new customers and defending
against the loss of current customers to competitors is known as: - ANSWER--
Cumulative advantage
-Continuous advantage
-Competitive advantage***
-Customer advantage
What is the title of the strategy that determines the nature of material
procurement, transportation of materials, manufacture of product or creation
of service, distribution of product? - ANSWER--Supply Chain Strategy***
-Product and Service Development Strategy
-Marketing and Sales Strategy
-Human Resource Strategy
Which driver of information, product and funds movement is "the set of
business processes required to purchase goods and services"? - ANSWER--
Information
, -Pricing
-Sourcing***
-Inventory
Which driver of information, product and funds movement is "the data and
analysis concerning facilities, inventory, transportation, cost, prices, and
customers"? - ANSWER--Information***
-Pricing
-Sourcing
-Inventory
Which driver of information, product and funds movement is "the process by
which a company decides how much to charge for its products or services"? -
ANSWER--Information
-Pricing***
-Sourcing
-Inventory
Those characteristics that get potential customers to consider buying your
products and services. - ANSWER--Order initiation
-Order winners
-Order qualifiers***
-Order profiles
All customer orders that have not shipped. Includes past due, current, and
future orders are: - ANSWER--Backlog***
-Backorder
-Backwater
-None of the above
Tires used in the assembly of a car would be an example of what type of
"demand"? - ANSWER--Dependent***
-Convergent
-Divergent