Two key factors, ____ and have sparked much of the technological change affecting supply chains

Buying the right products, at the right price, from the right source, at the right specifications, in the right quantity, for delivery at the right time to the right internal customer is associated with what procurement objective?

a. managing thesupply base

b. managing thepurchasing process effectively and efficiently

c. supporting operational requirements

d. supportingorganizational goals and objectives

into to logistics chapter 5

An underperforming supply chain is defined as one that exhibits poor service, unproductive assets, or____

high variable operating costs

The supply chain management concept originated in what discipline?

What concept can be viewed as a combination of processes, functions, activities, relationships, and pathways along which products, services, information, and financial transactions move in and between enterprises from original producer to ultimate end use

Although nearly any organization can be apart of a supply chain, supply chain management requires_____

companies to adopt an enterprise-to-enterprise point of view

The two most prominent supply chain management process frameworks are the Supply Chain Operations Reference (SCOR) Model and the ______

Global Supply Chain Forum (GSCF) Model

Which organizational function is not a focus of the Supply Chain Operations Reference (SCOR) Model?

Marketinglogistics,operations,

procurement---good

Which of the following is not one of the processes in the Supply Chain Operations Reference (SCOR) Model

all of the above are processes in the SCOR Modelsource,plan,make,

enable---good

The current Global Supply Chain Forum (GSCF) model identifies____key processes associated with the supply chain management.

Contemporary supply chains are increasingly required to be fast and____

An organization's ability to respond to changes in demand with respect to volume and variety refers to_____

Which of the following is not a potential outcome from a supply chain's failure to be fast and agile?

all of the following are potential outcomes.dissatisfied customers,reduced profitability,decreased market share,

lower stock price---good

simultaneous achievement of relevant customer metrics

_____ refers to focusing part of one's supply chain on a timely response to fluctuating customer orders and/or product variety and another part of supply chain on leveling out the planning requirements to smooth production output

What concept refers to the variability in demand orders among supply chain participants?

Which of the following is not an attribute of relational exchanges?

all of the above are attributes of relational exchangestrust,commitment,dependence,

joint investment ----good

Cooperative supply chain relationships developed to enhance the overall business performance of both parties is a definition of:

supply chain collaboration

Supply chain collaboration can be classified as transactional, strategic, or_____ in nature

tactical information sharing

_____collaborations offer the best opportunity for improving supply chain performance

Tailored business relationships between two supply chain members refer to:

Which of the following are not an attribute of supply chain partnerships?

all of the following are attributes of supply chain partnerships.mutual trust,increased willingness to share info,buying decisions based on value as opposed to cost or price,

compatible goals---good

According to the text, ___has been at the center of the changes taking place that affect the supply chain

Two key factors,____ and_____ have sparked much of the technological change affecting supply chains.

The general idea behind____ is that one company allows a specialist company to provide it with one or more logistics functions

Which of the following statements is true?

A common cause of third-party logistics failure is unreasonable and unrealistic expectations

What is a fourth-party logistics provider?

a company that ensures that various third-party logistics companies are working toward the relevant supply chain goals and objectives.

Which of the following are false?

senior management commitment to supply chain management occurs in one of every two oranizations

____combines technology with manual employee effort to identify trends, perform comparisons, and highlight opportunities in supply chain processes, even when large amounts of data are involved

In a ____ approach, all relevant software applications are provided by a single vendor

_____refers to "how we do things here" and reflects an organization's vision, values, and strategic plans.

Which of the following is not a routine occurrence in global supply chains?

all of the above are routine occurrences.documentation errors,incomplete shipments,routing errors,

packaging errors---good

Which of the following is not a name/term for a long-term mutually beneficial supply chain agreement

coopetitionpartnerships,third-part arrangements,

contract logistics---good

Which concept refers to where one organization owns multiple participants in the supply chain?

There are three primary methods that organizations can pursue when attempting to integrate their supply chains. Which of the following is not one of them?

intensive distributioninformal agreements,formal contracts,

vertical integration ---good

supply chain management concept originated in what discipline

simultaneous achievement of relevant customer metrics (Typically On-time and undamaged).