Supply Chain Management

A critical outcome of the supply chain is to deliver

• profits

• the right product to the right place

• cost/value

• on management's expectations

Performance measurement is important because

• without it, managers would not know how the global economy is doing

• without it, managers would not know how the global economy is doing

• companies presently operating in the European Economic Community need to understand how its competitors are doing

• lower-level metrics in an organization must connect directly to the high-level performance to achieve goals

The last decade of the twentieth century was a period of rapid change for organizations, especially businesses

• true

• false

A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system

• true

• false

Globalization has had little effect on consumers

• true

• false

Supply and demand has become less volatile as managers become more adept at controlling the elements

• true

• false

Cost/Value refers to

• getting the best value for the money spent

• U.S. firms competing in the global arena

• the importance of cost and value at the very end of the supply chain

• product variety

Outsourcing is a fairly new concept

• true

• false

SAB should examine their off-shore purchasing policy, even though the products are sourced from the U.S.

• true

• false

The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily

• true

• false