SCM Chapter 1

The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses.

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.

Globalization has had little effect on consumers.

Supply and demand has become less volatile as managers become more adept at controlling the elements.

Outsourcing is a fairly new concept.

SAB should examine their off-shore purchasing policy, even though the products are sourced from the U.S.

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.

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.

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.

The U.S. transportation system was deregulated in the 1930s and 1940s in response to economic conditions and World War 2

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.

Supply chain managers no longer need to worry about suboptimization in light of today’s technology.

Most retailers are essentially supply chain companies since

Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape?

Outsourcing involves

Some individuals describe the current consumer as the “click here” generation because

The demographics of our society has changed because

The Supply Chain Concept

Logistics, in its simplest form,

One of the major challenges of supply chain management is