Question 1
Question
The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses.
Question 2
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A key element in Wal-Mart’s ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system.
Question 3
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Globalization has had little effect on consumers.
Question 4
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Supply and demand has become less volatile as managers become more adept at controlling the elements.
Question 5
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Outsourcing is a fairly new concept.
Question 6
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SAB should examine their off-shore purchasing policy, even though the products are sourced from the U.S.
Question 7
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It is expected that some or all of the BRIC countries (Brazil, Russia, India & china) will replace the so-called VISTA countries (Vietnam, Indonesia, S. Africa, Turkey and Argentina) as low cost producers of various products and services.
Question 8
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The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily.
Question 9
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It is predicted that social networks such as Facebook and Twitter will influence supply chains because of their impact on customer demand and the speed of information transfers.
Question 10
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The U.S. transportation system was deregulated in the 1930s and 1940s in response to economic conditions and World War 2
Question 11
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Even though there are references to supply chain management in the 1980s, SCM did not capture the attention of senior-level management until the 1990s.
Question 12
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Supply chain managers no longer need to worry about suboptimization in light of today’s technology.
Question 13
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Most retailers are essentially supply chain companies since
Answer
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they dominate the consumer market.
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own their warehouses and trucks.
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they buy products produced by others.
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engage in off-shore sourcing.
Question 14
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Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape?
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Government policy
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Technology
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Environmental concerns
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Globalization
Question 15
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Outsourcing involves
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moving company facilities away from the home office.
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hiring foreign nationals to manage parts of the business.
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obtaining materials, parts, and products from other companies.
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building a factory in another country.
Question 16
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Some individuals describe the current consumer as the “click here” generation because
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we all have Internet access.
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we no longer wait for information to be “pushed out” to us.
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we buy so much merchandise on line.
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we take little time to make purchasing decisions.
Question 17
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The demographics of our society has changed because
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the “Baby Boom” generation is now turning 60.
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of the increase in two-career families and single-parent households.
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of immigration.
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birth rates have changed.
Question 18
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The Supply Chain Concept
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is very new and considered cutting edge technology.
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is highly dependent of computerization.
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is not always well understood by senior managers.
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developed from the previous Physical Distribution concept.
Question 19
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Logistics, in its simplest form,
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is a military term, as it was developed originally to supply the battlefield.
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combines inbound logistics with the outbound logistics of physical distribution.
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is another term for transportation management.
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does not involve customer service or other related functions.
Question 20
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One of the major challenges of supply chain management is
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forward buying.
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maintaining the visibility of inventory.
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building safety-stock inventory.
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Pushing inventory back to vendors.