Pitt. Challenge Pitt. Challenge

March 6, 2008March 6, 2008

Supply Chain RelationshipsSupply Chain Relationships

1)Which is NOT one of the Four 1)Which is NOT one of the Four Phases of Supply Phases of Supply

Management?Management? A) Generation of RequirementsA) Generation of Requirements B) SourcingB) Sourcing C) PricingC) Pricing D) Materials HandlingD) Materials Handling E) Post- Award ActivitiesE) Post- Award Activities

Which is NOT one of the Four Which is NOT one of the Four Phases of Supply Phases of Supply

Management?Management? A) Generation of RequirementsA) Generation of Requirements B) SourcingB) Sourcing C) PricingC) Pricing D) Materials HandlingD) Materials Handling E) Post- Award ActivitiesE) Post- Award Activities

2)Which is NOT one of the five 2)Which is NOT one of the five major developments of supply major developments of supply

management?management? A) Cross-functional teamsA) Cross-functional teams B) Supply AlliancesB) Supply Alliances C) Logistics C) Logistics D) Strategic SourcingD) Strategic Sourcing E) E-ProcurementE) E-Procurement

Which is NOT one of the five major Which is NOT one of the five major developments of supply developments of supply

management?management? A) Cross-functional teamsA) Cross-functional teams B) Supply AlliancesB) Supply Alliances C) LogisticsC) Logistics D) Strategic SourcingD) Strategic Sourcing E) E-ProcurementE) E-Procurement

3)Which is NOT one of the 3)Which is NOT one of the Primary benefits of a Supply Primary benefits of a Supply

Alliance?Alliance? A) Increased Time to MarketA) Increased Time to Market B) Improved QualityB) Improved Quality C) Improved Technology Flow From C) Improved Technology Flow From

SuppliersSuppliers

D) Improved Continuity of SupplyD) Improved Continuity of Supply

E) Lower Total CostsE) Lower Total Costs

Which is NOT one of the Which is NOT one of the Primary benefits of a Supply Primary benefits of a Supply

Alliance?Alliance? A) Increased Time to MarketA) Increased Time to Market B) Improved QualityB) Improved Quality C) Improved Technology Flow From C) Improved Technology Flow From

SuppliersSuppliers

D) Improved Continuity of SupplyD) Improved Continuity of Supply

E) Lower Total CostsE) Lower Total Costs

4)Which is a Disadvantage of E-4)Which is a Disadvantage of E-Commerce’s relationship with Supply Commerce’s relationship with Supply

MNGT?MNGT?

A) Enables companies to share A) Enables companies to share information about quality problemsinformation about quality problems

B) Identify Internet supplier’s B) Identify Internet supplier’s throughout the Internet-connected throughout the Internet-connected worldworld

C) Frequently requires integrating C) Frequently requires integrating D) Helps enable collaboration D) Helps enable collaboration

Which is a Disadvantage of E-Which is a Disadvantage of E-Commerce’s relationship with Supply Commerce’s relationship with Supply

MNGT?MNGT?

A) Enables companies to share A) Enables companies to share information about quality problemsinformation about quality problems

B) Identify Internet supplier’s B) Identify Internet supplier’s throughout the Internet-connected throughout the Internet-connected worldworld

C) Frequently requires C) Frequently requires integrating integrating

D) Helps enable collaboration D) Helps enable collaboration

5)The term supply chain 5)The term supply chain managementmanagement

A)A)was coined by consultants at Booz-Allen & was coined by consultants at Booz-Allen & Hamilton in the 1980's Hamilton in the 1980's

B)B)was introduced to draw attention to the was introduced to draw attention to the changing role of the logistics manager changing role of the logistics manager

C)C)was introduced to draw attention to the need was introduced to draw attention to the need for a perspective that recognizes the strategic for a perspective that recognizes the strategic importance of logistics and an integrated system-importance of logistics and an integrated system-wide outlook when improving logistics processes wide outlook when improving logistics processes

D)D)Both b and c Both b and c E)E)All of the above.All of the above.

The term supply chain The term supply chain managementmanagement

A)A)was coined by consultants at Booz-Allen & was coined by consultants at Booz-Allen & Hamilton in the 1980's Hamilton in the 1980's

B)B)was introduced to draw attention to the was introduced to draw attention to the changing role of the logistics manager changing role of the logistics manager

C)C)was introduced to draw attention to the need was introduced to draw attention to the need for a perspective that recognizes the strategic for a perspective that recognizes the strategic importance of logistics and an integrated system-importance of logistics and an integrated system-wide outlook when improving logistics processes wide outlook when improving logistics processes

D)D)Both b and c Both b and c E)All of the above.E)All of the above.

6)To say SCM is important 6)To say SCM is important because of dollars means that :because of dollars means that : A)A)it is expensive to change how supply it is expensive to change how supply

chains are managed chains are managed B)B)SCM focuses on the movement of SCM focuses on the movement of

money in international trade money in international trade C)C)a lot of money is spent on SCM activities a lot of money is spent on SCM activities

D)D)the cost of capital is higher for well the cost of capital is higher for well

developed supply chains developed supply chains E)E)Both a and dBoth a and d

To say SCM is important To say SCM is important because of dollars means that :because of dollars means that : A)A)it is expensive to change how supply it is expensive to change how supply

chains are managed chains are managed B)B)SCM focuses on the movement of SCM focuses on the movement of

money in international trade money in international trade C)a lot of money is spent on SCM C)a lot of money is spent on SCM

activitiesactivities D)D)the cost of capital is higher for well the cost of capital is higher for well

developed supply chains developed supply chains E)E)Both a and dBoth a and d

7) TQM:7) TQM:

A)A)stands for timeliness and quality stands for timeliness and quality of management of management

B)B)is an organization-wide effort is an organization-wide effort directed towards the continuous directed towards the continuous improvement of quality improvement of quality

C)C)relies on information technology relies on information technology D)D)was introduced in the early 1900's was introduced in the early 1900's E)E)Both b and cBoth b and c

TQMTQM

A)A)stands for timeliness and quality stands for timeliness and quality of management of management

B)is an organization-wide effort B)is an organization-wide effort directed towards the continuous directed towards the continuous improvement of qualityimprovement of quality

C)C)relies on information technology relies on information technology D)D)was introduced in the early 1900's was introduced in the early 1900's E)E)Both b and cBoth b and c

8) JIT:8) JIT:

A)A)was initially developed and was initially developed and implemented at Toyota implemented at Toyota

B)B)has evolved over time and has been has evolved over time and has been adapted in a wide range of sectors adapted in a wide range of sectors

C)C)is commonly known in industry is commonly known in industry today as lean today as lean

D)D)Both b and c Both b and c E)E)All of the aboveAll of the above

JIT:JIT:

A)A)was initially developed and was initially developed and implemented at Toyota implemented at Toyota

B)B)has evolved over time and has been has evolved over time and has been adapted in a wide range of sectors adapted in a wide range of sectors

C)C)is commonly known in industry is commonly known in industry today as lean today as lean

D)D)Both b and c Both b and c E)All of the aboveE)All of the above

9) The supply chain product 9) The supply chain product matrix:matrix:

A)A)classifies products according to classifies products according to predictability of demand predictability of demand

B)B)classifies the supply chain according to classifies the supply chain according to industry industry

C)C)indicates that a responsive supply chain indicates that a responsive supply chain should be matched with functional should be matched with functional products products D)D)indicates that an efficient indicates that an efficient supply chain should be matched with supply chain should be matched with innovative products innovative products

E)E)Both a and dBoth a and d

The supply chain product The supply chain product matrix:matrix:

A)classifies products according to A)classifies products according to predictability of demandpredictability of demand

B)B)classifies the supply chain according to classifies the supply chain according to industry industry

C)C)indicates that a responsive supply chain indicates that a responsive supply chain should be matched with functional should be matched with functional products products D)D)indicates that an efficient indicates that an efficient supply chain should be matched with supply chain should be matched with innovative products innovative products

E)E)Both a and dBoth a and d

10) Regarding the 10) Regarding the characteristics of a responsive characteristics of a responsive

supply chain,supply chain, A)A)the primary purpose is to respond quickly to the primary purpose is to respond quickly to

unpredictable demand in order to minimize unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete stockouts, forced markdowns, and obsolete inventory inventory

B)B)excess buffer capacity is maintained rather than excess buffer capacity is maintained rather than striving for high utilization striving for high utilization

C)C)suppliers are selected primarily for speed, suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality flexibility, and quality rather than cost and quality

D)D)products are designed to be modular rather products are designed to be modular rather than to maximize performance and minimize cost than to maximize performance and minimize cost

E)All of the aboveE)All of the above

Regarding the characteristics Regarding the characteristics of a responsive supply chain,of a responsive supply chain,

A)A)the primary purpose is to respond quickly to the primary purpose is to respond quickly to unpredictable demand in order to minimize unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete stockouts, forced markdowns, and obsolete inventory inventory

B)B)excess buffer capacity is maintained rather than excess buffer capacity is maintained rather than striving for high utilization striving for high utilization

C)C)suppliers are selected primarily for speed, suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality flexibility, and quality rather than cost and quality

D)D)products are designed to be modular rather products are designed to be modular rather than to maximize performance and minimize cost than to maximize performance and minimize cost

E)All of the aboveE)All of the above