Supply Chain Management Quiz

What is the primary goal of an efficient supply chain?

• Quick response

• High service level

• Lowest cost

• High product variety

Which strategy specifies how the market will be segmented?

• Supply chain strategy

• Product development strategy

• Competitive strategy

• Marketing and sales strategy

resulting uncertainty for the supply chain given the portion of the demand the supply chain must handle and attributes the customer desires

• Uncertainty in capabilities

• Uncertainty of customer demand for a product

• Implied Demand uncertainity

• Demand Uncertainity

What is a key factor in achieving strategic fit?

• Minimizing lead times

• Consistency between competitve strategy and demand uncertainity

• High inventory levels

• Consistency between competitve strategy and supply chain strategy

What does supply chain responsiveness refer to?

• Ability to increase product variety

• Ability to minimize costs

• Ability to respond to wide ranges of quantities demanded

• Ability to reduce lead times

What is the impact of increasing product variety on implied demand uncertainty?

• Decreases uncertainty

• Increases uncertainty

• Has no effect

• Makes demand predictable

What is the first step in achieving strategic fit?

• Understanding customer and supply chain uncertainty

• Mapping the supply chain

• Identifying product costs

• Understanding the supply chain

What is the relationship between supply chain efficiency and responsiveness?

• Increasing responsiveness lowers efficiency

• They are independent of each other

• They are always equal

• Higher efficiency leads to higher responsiveness

The primary activities of the value chain include

• Accounting & Finance

• Marketing and sales

• Distribution

• Human Resources

Variety of products required increases Causes implied demand uncertainty to increase because

• Demand per product becomes less predictable

• Less time to react to orders

• Has no effect

• Demand per product becomes more predictable