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MAR 3203 EXAM 4 LATEST UPDATED
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MAR 3203 EXAM 4 LATEST UPDATED...
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MAR 3203 EXAM 4 LATEST UPDATEDThe objective of Supply Chain Management is to - ANSWER Structure the
supply chain to maximize its competitive advantage and benefits to the ultimate
customer
Supply Chain Management - ANSWER The coordination of all supply chain
activities involved in enhancing customer value. The goal is to maximize
competitive advantage
A supply chain ends with - ANSWER A satisfied customer
What is outsourcing a firm's activities that have traditionally been internal to
external suppliers? - ANSWER Outsourcing
The advantage of having few suppliers is to - ANSWER Form a long-term
relationship
Concerning the cost-based price model negotiation strategy, which of the
following is true? - ANSWER Prices are based upon supplier costs
Which of the following statements is true? - ANSWER When multiple
suppliers are used, having geographically dispersed suppliers could lessen the
probability of all failing simultaneously
Which of the following is NOT one of the major causes of the bullwhip effect? -
ANSWER Shared demand information
, With the growth of the JIT, which of the following distribution systems has
been the biggest loser? - ANSWER Railroads
Which one of the following is not a supply-chain strategy? - ANSWER Short-
term relationship with few suppliers
Which of the following is not an advantage of the "few suppliers" concept? -
ANSWER Sharing trade secrets between firms
Which of the following performance measures is not true of a world class firm?
- ANSWER Long lead time
Which of the following is not a concern of the supply chain? - ANSWER
Maintenance scheduling
Keeping a product generic as long as possible before customizing is known as
__________. - ANSWER Postponement
The three traditional forms of negotiation strategies are __________. -
ANSWER Cost-based price model, market-based price model, and competitive
building
Which of the following best describes vertical integration? - ANSWER To
produce goods or services previously stated
What form of negotiation strategy requires that the supplier open its books to
the purchasers? - ANSWER Cost-based price model
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