Question 1

The most effective strategy for companies that produce standardized, commodity products is:

Accepted Answer

A)   Make-to-order
B)   Assemble-to-order
C)   Make-to-stock
D)   Reverse logistics
E)   Customer service

Question 2

Commodity products are typically bought by consumers because of the product's value.

Accepted Answer

A) True 
 B)False

Question 3

A business strategy is a company plan that defines short term goals and core competencies.

Accepted Answer

A) True 
 B)False

Question 4

Outsourcing can allow companies to respond to demand changes more quickly.

Accepted Answer

A) True 
 B)False

Question 5

Successful companies are able to compete on all competitive priorities.

Accepted Answer

A) True 
 B)False

Question 6

Productivity measures the utilizations of a company's resources.

Accepted Answer

A) True 
 B)False

Question 7

An outsourcing strategy can result in the following:

Accepted Answer

A)   Ability to respond quickly to demand changes
B)   Gain a competitive advantage
C)   Eliminate risk
D)   Loss of flexibility
E)   a and b

Question 8

The same distribution strategy should be deployed to all markets because of cost savings.

Accepted Answer

A) True 
 B)False

Question 9

Risks to a company that can result from outsourcing include:

Accepted Answer

A)   Customers demanding higher quality and better service
B)   Loss of control over a product or process
C)   Increasing technological capabilities
D)   Lower costs
E)   a and b

Question 10

Evaluating SCM strategy is best done on an annual or bi-annual basis.

Accepted Answer

A) True 
 B)False

Question 11

Of the five priorities by which companies compete in the marketplace, which relates to having efficient, integrated operations:

Accepted Answer

A)   Cost
B)   Time
C)   Logistics
D)   Service
E)   Market segmentation

Question 12

A key area where companies are adding value to products is by focusing on service.

Accepted Answer

A) True 
 B)False

Question 13

A product's cost advantage may include the following:

Accepted Answer

A)   High service
B)   Customization
C)   Reputation
D)   Sustainability
E)   None of the above

Question 14

Two concepts that companies must continually monitor when evaluating strategy are:

Accepted Answer

A)   Regulation and compliance requirements
B)   Inventory levels and costs
C)   Time and quality
D)   Order winners and order qualifiers
E)   Innovation and quality

Question 15

Investing in and utilizing RFID tag technology typically fits with which competitive priority:

Accepted Answer

A)   Time
B)   Quality
C)   Cost
D)   Segmentation
E)   a and b

Question 16

One building block of SCM strategy is alliance development.

Accepted Answer

A) True 
 B)False

Question 17

The outsourcing decision relates to which building block of SCM strategy:

Accepted Answer

A)   Operations
B)   Distribution
C)   Sourcing
D)   Logistics
E)   Customer service

Question 18

List the five primary SCM competitive priorities and select one to describe in depth, including an example of how that priority is executed.

Accepted Answer

1.) Cost - focuses on meeting efficiency...

Question 19

Understanding a product's life cycle is important to defining an operations strategy.

Accepted Answer

A) True 
 B)False

Question 20

Customers' ability to customize products reflects which operations strategy

Accepted Answer

A)   Make-to-order
B)   Assemble-to-order
C)   Make-to-stock
D)   Reverse logistics
E)   None of the above

Exam 2: Supply Chain Strategy

The most effective strategy for companies that produce standardized, commodity products is:

Correct AnswerverifiedShow Answer

Evaluating SCM strategy is best done on an annual or bi-annual basis.

Correct AnswerverifiedShow Answer

Two concepts that companies must continually monitor when evaluating strategy are:

Correct AnswerverifiedShow Answer

Commodity products are typically bought by consumers because of the product's value.

Correct AnswerverifiedShow Answer

List the five primary SCM competitive priorities and select one to describe in depth, including an example of how that priority is executed.

Correct Answerverified1.) Cost - focuses on meeting efficiency...View AnswerShow Answer

Successful companies are able to compete on all competitive priorities.

Correct AnswerverifiedShow Answer

Of the five priorities by which companies compete in the marketplace, which relates to having efficient, integrated operations:

Correct AnswerverifiedShow Answer

The outsourcing decision relates to which building block of SCM strategy:

Correct AnswerverifiedShow Answer

An outsourcing strategy can result in the following:

Correct AnswerverifiedShow Answer

The same distribution strategy should be deployed to all markets because of cost savings.

Correct AnswerverifiedShow Answer

One building block of SCM strategy is alliance development.

Correct AnswerverifiedShow Answer

Customers' ability to customize products reflects which operations strategy

Correct AnswerverifiedShow Answer

Productivity measures the utilizations of a company's resources.

Correct AnswerverifiedShow Answer

A business strategy is a company plan that defines short term goals and core competencies.

Correct AnswerverifiedShow Answer

A key area where companies are adding value to products is by focusing on service.

Correct AnswerverifiedShow Answer

Outsourcing can allow companies to respond to demand changes more quickly.

Correct AnswerverifiedShow Answer

A product's cost advantage may include the following:

Correct AnswerverifiedShow Answer

Risks to a company that can result from outsourcing include:

Correct AnswerverifiedShow Answer

Understanding a product's life cycle is important to defining an operations strategy.

Correct AnswerverifiedShow Answer

Investing in and utilizing RFID tag technology typically fits with which competitive priority:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
1.) Cost - focuses on meeting efficiency...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified