SCM Week 2

The suppliers in a supply chain are referred to as

... supply chain members

• downstream

• midstream

• upstream

• none correct

Supply chain management focuses on integrating and

managing the flow of

• services

• information

• goods

• all correct

Which of the following is not a key to effective supply chain management?

• communication among members

• independence among members

• collaboration among members

• trust among members

One way to reduce the bullwhip effect is for supply

chain members to

• make ordering decisions independently of each other

• create demand forecasts independently of other

  supply chain members

• share demand forecasts with other supply chain

  members

• restrict information flows between supply chain

  members

A computer-to-computer exchange of business

documents in a standard format is known as

• e-business

• electronic data interchange (EDI)

• radio frequency identification (RFID)

• point of sale data

All the following are approaches used in risk

pooling within a supply chain except

• reducing the number and variety of parts

• creating flexible capacity

• encouraging large orders

• combining inventories from multiple locations into

  one location

Inventory turnover is computed by

• dividing the cost of goods sold by the average

  aggregate inventory value

• dividing the average aggregate inventory value by

  costs of goods sold

• multiplying the average aggregate inventory value

  by cost of goods sold

• subtracting cost of goods sold from the average

  aggregate inventory value