SupplyChainManagementExerciseTrueorFalse1.Asupplychainincludesonlytheorganizationsdirectlyinvolvedinsupplyingcomponentsneededformanufacturing.Answer:FalseDifficulty:Moderate2.Asupplychainconsistsofallpartiesinvolved,directlyorindirectly,infulfillingacustomerrequest.Answer:TrueDifficulty:Moderate3.Asupplychaincouldbemoreaccuratelydescribedasasupplynetworkorsupplyweb.Answer:TrueDifficulty:Moderate4.Theobjectiveofeverysupplychainistomaximizetheoverallvaluegenerated.Answer:TrueDifficulty:Easy5.Theobjectiveofeverysupplychainistomaximizethevaluegeneratedforthemanufacturingcomponentofthesupplychain.Answer:FalseDifficulty:Moderate6.Allsupplychainactivitieswithinafirmbelongtooneofthreemacroprocesses–CRM,ISCMandSRM.Answer:TrueDifficulty:Easy7.Thereisacloseconnectionbetweenthedesignandmanagementofsupplychainflowsandthesuccessofasupplychain.Answer:TrueDifficulty:Easy8.Acompany’scompetitivestrategydefinesthesetofcustomerneedsthatitseekstosatisfythroughitsproductsandservices.Answer:TrueDifficulty:Easy9.Thevaluechainemphasizesthecloserelationshipbetweenallthefunctionalstrategieswithinacompany.Answer:TrueDifficulty:Moderate10.Acompany’sproductdevelopmentstrategydefinesthesetofcustomerneedsthatitseekstosatisfythroughitsproductsandservices.Answer:FalseDifficulty:Moderate11.Acompany’sproductdevelopmentstrategyspecifiestheportfolioofnewproductsthatitwilltrytodevelop.Answer:TrueDifficulty:Easy12.Acompany’ssupplychainstrategyspecifieshowthemarketwillbesegmentedandhowtheproductwillbepositioned,priced,andpromoted.Answer:FalseDifficulty:Easy13.Acompany’ssupplychainstrategydeterminesthenatureofprocurementandtransportationofmaterialsaswellasthemanufactureanddistributionoftheproduct.Answer:TrueDifficulty:Easy14.Thedegreeofsupplychainresponsivenessshouldbeconsistentwiththeimplieduncertainty.Answer:TrueDifficulty:Easy15.Thedegreeofsupplychainresponsivenessdoesnotneedtobeconsistentwiththeimplieduncertainty.Answer:FalseDifficulty:Moderate16.Thetwomajortypesoffacilitiesaredistributionsitesandstoragesites.Answer:FalseDifficulty:Moderate17.Inventoryisanimportantsupplychaindriverbecausechanginginventorypoliciescandramaticallyalterthesupplychain’sefficiencyandresponsiveness.Answer:TrueDifficulty:Moderate18.Informationispotentiallythebiggestdriverofperformanceinthesupplychainasitdirectlyaffectseachoftheotherdrivers.Answer:TrueDifficulty:Easy19.Thehighutilizationfacilitywillhavenomoredifficultyrespondingtodemandfluctuationsthanonewithalotofunusedcapacity.Answer:FalseDifficulty:Easy20.Stockkeepingunit(SKU)storageisthewarehousingmethodologythatusesatraditionalwarehousetostoreallofonetypeofproducttogether.Answer:TrueDifficulty:Moderate21.Warehouseunitstorageisthewarehousingmethodologythatusesatraditionalwarehousetostoreallofonetypeofproducttogether.Answer:FalseDifficulty:Moderate22.Distributionoccursbetweeneverypairofstagesinthesupplychain.Answer:TrueDifficulty:Moderate23.Distributiononlyoccursbetweenmanufacturingandconsumersinthesupplychain.Answer:FalseDifficulty:Moderate24.Companiesinthesameindustryoftenselectverydifferentdistributionnetworks,becausethechoiceofthedistributionnetworkcanbeusedtoachieveavarietyofsupplychainobjectivesrangingfromlowcosttohighresponsiveness.Answer:TrueDifficulty:Moderate25.Themainadvantageofadistributionnetworkwithlocalstorageisthatitcanlowerthedeliverycostandprovideafasterr...
