Intro to Supply Chain Quiz A

Supply chain surplus involves what two parts?

• A) Manufacturing cost and selling price

• B) Customer value and supply chain cost

• C) Customer value and high-quality products

• D) Reliable transportation and supply chain cost

The objective of every supply chain is to

• A) minimize the overall cost generated.

• B) maximize the net value generated.

• C) minimize the cost to the manufacturer.

• D) maximize the profit of the manufacturer.

Which of these words best describes a typical supply chain structure?

• A) Static

• B) Customer

• C) Cyclical

• D) Network

The time horizon of the operation phase is typically

• A) quarterly or yearly.

• B) weekly or daily.

• C) monthly or quarterly.

• D) over the next several years.

A decision made about which markets will be serviced by which locations falls in the supply chain ________ phase

• A) conceptualization

• B) design

• C) operation

• D) planning

Which statement about supply chains is best?

• A) New product development is not a supply chain function.

• B) If a supplier uses a shipping company to send product to a customer, the shipping company is technically not a supply chain member.

• C) Funds in a supply chain flow upstream only.

• D) Flows in a supply chain may be managed by an intermediary.

A company would decide whether to outsource or perform a supply chain function in-house during the

• A) planning phase.

• B) design phase.

• C) tactical phase.

• D) operation phase.

A key issue facing Toyota is

• A) developing an Internet marketing system.

• B) whether to specialize in a particular market.

• C) design of its global production and distribution network.

• D) how to implement model changes.

Which sequence of stages is typical for product flow in a supply chain?

• A) Supplier → Manufacturer → Distributor

• B) Retailer → Distributor → Customer

• C) Manufacturer → Retailer → Distributor

• D) Supplier → Customer → Retailer

A supply chain features a constant flow of

• A) information, product and funds.

• B) personnel, information, and policies.

• C) processes, funds, and product.

• D) product, processes, and support.