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NEW QUESTION 53
All of the following are reasons for adopting a continuous process improvement approach tosupply chain management EXCEPT:

A. Supply chains are dynamic.B. Supply chains support functional products.C. Supply chains evolve.D. SCM is process-oriented.

Answer: B

 

NEW QUESTION 54
Which of the following statements characterizes a supply chain of innovative products as opposed to functional products?

A. Lead times are longer.B. Demand uncertainty is higher.C. Product life cycle is longer.D. Profit margins are lower.

Answer: C

 

NEW QUESTION 55
After two firms have established an initial relationship to apply the principles of collaborative planning, forecasting, and replenishment (CPFR) for products, the next logical step is to:

A. share forecasts for the products with each other.B. create joint business plans for the products.C. negotiate prices and profit expectations for the products.D. obtain orders for the products and enter them into the master schedule.

Answer: A

 

NEW QUESTION 56
The transportation manager at a consumer goods manufacturer has decided to begin shipping full truckload rather than less-than-truckload quantities. Which of the following outcomes is likely following implementation of this decision?

A. Lead times as seen by the customer will increase.B. Inventory levels at the manufacturer will decrease.C. Production efficiencies at the manufacturer will increase.D. Transportation costs as seen by the customer will increase.

Answer: A

 

NEW QUESTION 57
Which measure below defines the number of days required to achieve an unplanned,sustainable 20 percent increase in production?

A. supply chain response timeB. delivery performance to requestC. upside production flexibilityD. order fulfillment lead timeE. total inventory days of supply

Answer: C

 

NEW QUESTION 58
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