SUPPLY CHAIN MANAGEMENT

Which of the following is a barrier to the integration of separate organizations in the supply chain?

• (I) conflicting objectives of the companies in the chain

• (II) different capacity levels of the companies in the chain

• (III) risk sharing

Which of the following is an advantage of E-business?

• (I) reduction of transaction costs

• (II) shortened supply chain response time

• (III) greater customer loyalty

Global supply chains make purchasing easier because there are more options.

• True

• False

Which of the following is not a goal of supply chain management?

• A. lowest possible transportation cost

• B. fewer suppliers and long-term relationships

• C. on-time deliveries

• D. delivery often to the place of use

Which of the following is part of the purchasing cycle?

• A. Purchasing selects a supplier

• B. Orders from vendors are received.

• C. Purchasing receives a requisition.

• D. All of the above

Vendor analysis examines the function of purchased parts and materials with a view toward improvement or cost reduction.

• True

• False

In supply chain organizations, functions must operate independently of each other.

• True

• False

Every business organization is part of at least one supply chain.

• False

• True

The need for supply chain management increases as globalization increases.

• True

• False

The goal of Supply Chain Management is to apply socially responsible practices that are friendly to the environment and encourage positive brand awareness for your business?

• True

• False