Pitt. Challenge March 6, 2008 Supply Chain Relationships

1)Which is NOT one of the Four Phases of Supply Management? A) Generation of Requirements A) Generation of Requirements B) Sourcing B) Sourcing C) Pricing C) Pricing D) Materials Handling D) Materials Handling E) Post- Award Activities E) Post- Award Activities

Which is NOT one of the Four Phases of Supply Management? A) Generation of Requirements A) Generation of Requirements B) Sourcing B) Sourcing C) Pricing C) Pricing D) Materials Handling D) Materials Handling E) Post- Award Activities E) Post- Award Activities

2)Which is NOT one of the five major developments of supply management? A) Cross-functional teams A) Cross-functional teams B) Supply Alliances B) Supply Alliances C) Logistics C) Logistics D) Strategic Sourcing D) Strategic Sourcing E) E-Procurement E) E-Procurement

Which is NOT one of the five major developments of supply management? A) Cross-functional teams A) Cross-functional teams B) Supply Alliances B) Supply Alliances C) Logistics C) Logistics D) Strategic Sourcing D) Strategic Sourcing E) E-Procurement E) E-Procurement

3)Which is NOT one of the Primary benefits of a Supply Alliance? A) Increased Time to Market A) Increased Time to Market B) Improved Quality B) Improved Quality C) Improved Technology Flow From Suppliers C) Improved Technology Flow From Suppliers D) Improved Continuity of Supply E) Lower Total Costs E) Lower Total Costs

Which is NOT one of the Primary benefits of a Supply Alliance? A) Increased Time to Market A) Increased Time to Market B) Improved Quality B) Improved Quality C) Improved Technology Flow From Suppliers C) Improved Technology Flow From Suppliers D) Improved Continuity of Supply E) Lower Total Costs E) Lower Total Costs

4)Which is a Disadvantage of E-Commerce’s relationship with Supply MNGT? A) Enables companies to share information about quality problems A) Enables companies to share information about quality problems B) Identify Internet supplier’s throughout the Internet-connected world B) Identify Internet supplier’s throughout the Internet-connected world C) Frequently requires integrating C) Frequently requires integrating D) Helps enable collaboration D) Helps enable collaboration

Which is a Disadvantage of E-Commerce’s relationship with Supply MNGT? A) Enables companies to share information about quality problems A) Enables companies to share information about quality problems B) Identify Internet supplier’s throughout the Internet-connected world B) Identify Internet supplier’s throughout the Internet-connected world C) Frequently requires integrating C) Frequently requires integrating D) Helps enable collaboration D) Helps enable collaboration

5)The term supply chain management A)was coined by consultants at Booz-Allen & Hamilton in the 1980's A)was coined by consultants at Booz-Allen & Hamilton in the 1980's B)was introduced to draw attention to the changing role of the logistics manager B)was introduced to draw attention to the changing role of the logistics manager C)was introduced to draw attention to the need for a perspective that recognizes the strategic importance of logistics and an integrated system-wide outlook when improving logistics processes C)was introduced to draw attention to the need for a perspective that recognizes the strategic importance of logistics and an integrated system-wide outlook when improving logistics processes D)Both b and c D)Both b and c E)All of the above. E)All of the above.

The term supply chain management A)was coined by consultants at Booz-Allen & Hamilton in the 1980's A)was coined by consultants at Booz-Allen & Hamilton in the 1980's B)was introduced to draw attention to the changing role of the logistics manager B)was introduced to draw attention to the changing role of the logistics manager C)was introduced to draw attention to the need for a perspective that recognizes the strategic importance of logistics and an integrated system-wide outlook when improving logistics processes C)was introduced to draw attention to the need for a perspective that recognizes the strategic importance of logistics and an integrated system-wide outlook when improving logistics processes D)Both b and c D)Both b and c E)All of the above. E)All of the above.

6)To say SCM is important because of dollars means that : A)it is expensive to change how supply chains are managed A)it is expensive to change how supply chains are managed B)SCM focuses on the movement of money in international trade B)SCM focuses on the movement of money in international trade C)a lot of money is spent on SCM activities C)a lot of money is spent on SCM activities D)the cost of capital is higher for well developed supply chains D)the cost of capital is higher for well developed supply chains E)Both a and d E)Both a and d

To say SCM is important because of dollars means that : A)it is expensive to change how supply chains are managed A)it is expensive to change how supply chains are managed B)SCM focuses on the movement of money in international trade B)SCM focuses on the movement of money in international trade C)a lot of money is spent on SCM activities C)a lot of money is spent on SCM activities D)the cost of capital is higher for well developed supply chains D)the cost of capital is higher for well developed supply chains E)Both a and d E)Both a and d

7) TQM: A)stands for timeliness and quality of management A)stands for timeliness and quality of management B)is an organization-wide effort directed towards the continuous improvement of quality B)is an organization-wide effort directed towards the continuous improvement of quality C)relies on information technology D)was introduced in the early 1900's E)Both b and c C)relies on information technology D)was introduced in the early 1900's E)Both b and c

TQM A)stands for timeliness and quality of management A)stands for timeliness and quality of management B)is an organization-wide effort directed towards the continuous improvement of quality B)is an organization-wide effort directed towards the continuous improvement of quality C)relies on information technology D)was introduced in the early 1900's E)Both b and c C)relies on information technology D)was introduced in the early 1900's E)Both b and c

8) JIT: A)was initially developed and implemented at Toyota A)was initially developed and implemented at Toyota B)has evolved over time and has been adapted in a wide range of sectors B)has evolved over time and has been adapted in a wide range of sectors C)is commonly known in industry today as lean C)is commonly known in industry today as lean D)Both b and c D)Both b and c E)All of the above E)All of the above

JIT: A)was initially developed and implemented at Toyota A)was initially developed and implemented at Toyota B)has evolved over time and has been adapted in a wide range of sectors B)has evolved over time and has been adapted in a wide range of sectors C)is commonly known in industry today as lean C)is commonly known in industry today as lean D)Both b and c D)Both b and c E)All of the above E)All of the above

9) The supply chain product matrix: A)classifies products according to predictability of demand A)classifies products according to predictability of demand B)classifies the supply chain according to industry B)classifies the supply chain according to industry C)indicates that a responsive supply chain should be matched with functional products D)indicates that an efficient supply chain should be matched with innovative products C)indicates that a responsive supply chain should be matched with functional products D)indicates that an efficient supply chain should be matched with innovative products E)Both a and d E)Both a and d

The supply chain product matrix: A)classifies products according to predictability of demand A)classifies products according to predictability of demand B)classifies the supply chain according to industry B)classifies the supply chain according to industry C)indicates that a responsive supply chain should be matched with functional products D)indicates that an efficient supply chain should be matched with innovative products C)indicates that a responsive supply chain should be matched with functional products D)indicates that an efficient supply chain should be matched with innovative products E)Both a and d E)Both a and d

10) Regarding the characteristics of a responsive supply chain, A)the primary purpose is to respond quickly to unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete inventory A)the primary purpose is to respond quickly to unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete inventory B)excess buffer capacity is maintained rather than striving for high utilization B)excess buffer capacity is maintained rather than striving for high utilization C)suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality C)suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality D)products are designed to be modular rather than to maximize performance and minimize cost D)products are designed to be modular rather than to maximize performance and minimize cost E)All of the above E)All of the above

Regarding the characteristics of a responsive supply chain, A)the primary purpose is to respond quickly to unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete inventory A)the primary purpose is to respond quickly to unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete inventory B)excess buffer capacity is maintained rather than striving for high utilization B)excess buffer capacity is maintained rather than striving for high utilization C)suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality C)suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality D)products are designed to be modular rather than to maximize performance and minimize cost D)products are designed to be modular rather than to maximize performance and minimize cost E)All of the above E)All of the above