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Corporate executives are already well aware of supply chain management.

A) True
B) False

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Collaboration means


A) a firm seeks advantages by sourcing with critical partners.
B) companies leverage each other on an operational basis so that together they perform better than they did separately.
C) that many logistics or supply chain improvements can be made within one firm by eliminating "stovepipes".
D) that senior executives are insisting on this to improve their firms' financials.

E) A) and C)
F) None of the above

Correct Answer

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Facility Utilization and Equipment Utilization Strategies are


A) complementary.
B) contradictory.
C) unrelated.
D) difficult to put in place without effective collaboration.

E) All of the above
F) A) and D)

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Technology and data are already very well integrated into supply chain management.

A) True
B) False

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CEOs view SCM initiatives as being primarily focused on cost reduction.

A) True
B) False

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The most compelling "financial strategy" is the pursuit of cost reduction and profit improvement.

A) True
B) False

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What is the prevailing attitude of CEOs towards supply chain management? What can supply chain executives do to attempt to change this perception?

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One of the greatest challenges for suppl...

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The "facility utilization" strategy places a high priority on making sure that all supply chain facilities create value only for the individual organizations.

A) True
B) False

Correct Answer

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Corporate leaders


A) already understand the importance of supply chain excellence.
B) are seeking to reduce corporate assets which could have serious implications for supply chain managers.
C) are managing on a quarterly results because of Wall Street expectations.
D) do not clearly understand the importance of supply chain excellence.

E) All of the above
F) B) and D)

Correct Answer

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CEOs view SCM initiatives


A) as an area which can be left to second tier executives.
B) being primarily focused on cost reduction.
C) being primarily focused on top line growth.
D) being more of a financial concern.

E) B) and C)
F) A) and D)

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Which of the following does not belong in the list of the seven principles of supply chain management?


A) Segment Customers Based on Service Needs
B) Differentiate Products Closer to the Customer
C) Develop an outsourcing strategy to maximize asset utilization
D) Adopt Channel-Spanning Performance Measures

E) B) and C)
F) All of the above

Correct Answer

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The primary goal of "Differentiation Strategy" is make your firm's products appear to be different than your competitors' products.

A) True
B) False

Correct Answer

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When a firm "customizes" their supply chain,it is


A) trying to improve asset utilization.
B) tailoring the chain to be responsive to the needs of individual customer.
C) responding to competitive situations.
D) revising its supply chain in light of current economic conditions.

E) None of the above
F) A) and D)

Correct Answer

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Investment in SCM tools is being driven by the need for firms to sense,respond,and execute on demand across multiple functional silos and enterprises.

A) True
B) False

Correct Answer

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Discuss the impact of collaboration on business processes financial versus non-financial benefits of collaboration.

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Impact of Collaboration on Business Proc...

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How would you develop world-class collaboration skills?

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One key to being a growth contributor is...

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Discuss the supply chain management applications market,and how these applications will affect supply chain management.

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The SCM applications market is stabilizi...

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The seven principles of supply chain management have stood the test of time very well.

A) True
B) False

Correct Answer

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