Chapter 1
What challenge refers to the high costs caused by organic, highly perishable consumables?
Raw Material Cost
This is the process of estimating what goods are needed, how much is needed, and when they will be required to satisfy consumer demand.
Forecasting
Which is the correct sequence of supply chain operations?
A. Make → Plan → Source → Deliver
B. Plan → Source → Make → Deliver
C. Source → Make → Deliver → Plan
D. Deliver → Make → Source → Plan
B.
Which supply chain driver focuses on keeping products available for customers?
Inventory
Monitors materials and products from production to delivery.
Inventory Management
What challenge involves handwritten orders and the lack of automated data entry?
Material Ordering Cost
This forecasting method relies on an individual’s intuition, judgment, or beliefs when making predictions.
Qualitative Forecasting
Which activity belongs to the MAKE stage?
A. Product design
B. Transportation
C. Procurement
D. Order routing
A.
What do you call the companies that manufacture raw materials and finished products?
Producers
A portable system used for faster payments.
Mobile Point of Sales (MPOS)
What challenge occurs when forecasts are uncertain, causing departments to stockpile large quantities?
Inventory Handling
This type of inventory is kept to meet product requirements during the time between placing orders.
Cycle Inventory
What allows customers and staff to see the status of an order?
A. Enter the Order Once
B. Automate Order Routing
C. Make Order Status Visible
D. Product Scheduling
C.
Which participant sells products directly to consumers?
Retailers
Provides scalable supply chain services through the internet.
Cloud-Based SCM
What challenge refers to last-minute or spur-of-the-moment buying due to lack of preparation?
Emergency Purchases
This procurement activity involves choosing suppliers by considering not only price but also quality, service standards, delivery, and technical support.
Vendor Selection
What automatically sends orders to the proper delivery point?
Automate Order Routing
Who is the end user of the supply chain?
Ultimate Customer
Creates trusted and traceable supply chain records.
Blockchain
What type of SCM failure occurs when fragmented systems exist between franchises and operators?
Strategic Failure
This procurement activity creates agreements involving goods, prices, and standards of service between an organization and its suppliers.
Contract Negotiation
Which four stages are considered the major supply chain operations?
A. Plan, Source, Make, Deliver
B. Buy, Sell, Store, Return
C. Design, Advertise, Sell, Deliver
D. Order, Produce, Market, Return
Which four stages are considered the major supply chain operations?
A. Plan, Source, Make, Deliver
B. Buy, Sell, Store, Return
C. Design, Advertise, Sell, Deliver
D. Order, Produce, Market, Return
A.
Which supply chain driver helps businesses make better decisions through timely and accurate data?
Information
Integrates AI, IoT, robotics, and sensors into supply chains.
Industry 4.0