,1. Multiple Choice: What is the primary goal of supply chain integration?
a) To increase the speed of product development
b) To reduce operational costs
c) To improve customer service
d) To minimize inventory levels
Answer: b) To reduce operational costs
Rationale: Supply chain integration aims to streamline operations and
reduce costs by aligning and coordinating activities across the supply
chain.
2. True/False: Bullwhip effect in the supply chain can be reduced by
increasing order intervals.
Answer: False
Rationale: The bullwhip effect can be mitigated by smoothing the flow
of information and reducing variability in order sizes, not necessarily by
increasing order intervals.
3. Fill-in-the-Blank: The ________ is a network of facilities that procures
raw materials, transforms them into intermediate goods and then final
products, and delivers the products to customers through a distribution
system.
Answer: Supply Chain
Rationale: This definition encapsulates the entire process of supply
chain management from procurement to distribution.
, 4. Multiple Choice: Which of the following is not a key component of
demand forecasting?
a) Historical sales data
b) Market analysis
c) Weather forecasts
d) Color preferences of the CEO
Answer: d) Color preferences of the CEO
Rationale: Demand forecasting relies on objective data and market
analysis, not subjective preferences.
5. True/False: Outsourcing logistics can lead to a loss of control over the
supply chain.
Answer: True
Rationale: While outsourcing can be cost-effective, it can also result in
reduced control over logistics and supply chain operations.
6. Fill-in-the-Blank: In supply chain management, the term '________'
refers to the coordination of production, inventory, location, and
transportation among the participants in a supply chain to achieve the
best mix of responsiveness and efficiency for the market being served.
Answer: Supply Chain Coordination
Rationale: Coordination is key to optimizing the supply chain for
responsiveness and efficiency.
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