Supply Chain SL 1

A company's supply chain strategy

• determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.

• specifies how the market will be segmented and how the product will be positioned, priced, and promoted.

• defines the set of customer needs that it seeks to satisfy through its products and services.

• determines how it will obtain and maintain the appropriate set of skills and abilities to meet customer needs.

Which of the following defines the set of customer needs that a company seeks to satisfy through its products and services?

 

• Product development strategy

•   

  Supply chain strategy

•   

  Competitive strategy

• Marketing and sales strategy

A supply chain strategy involves decisions regarding all of the following except

• new product development.

• inventory.

• information flows.

• transportation.

Which of the following are basic steps to achieving strategic fit?

• Achieving strategic fit.

• All of the alternatives

• Understanding the customer and supply uncertainty.

• Understanding the supply chain capabilities.

The uncertainty that exists due to the portion of demand that the supply chain is required to meet is the

• demand uncertainty.

• implied demand uncertainty.

• implied supply uncertainty.

•   

  supply uncertainty.

Which of the following customer needs will cause implied uncertainty of demand to decrease?

• Range of quantity required increases

• Variety of products required increases

• none of the alternatives

• Lead time decreases

Which of the following is not a supply chain capability that will impact supply uncertainty?

• Inflexible supply capacity

• Evolving production process

• Product margin

• Limited supply capacity

Supply chain responsiveness includes the ability to do which of the following?

• Match supply chain responsiveness with the implied uncertainty of demand

• Meet a very high service level

• Ensure that all functional strategies within the supply chain support the supply chain's level of responsiveness

• Understand customers and supply chain

The cost of making and delivering a product to the customer is referred to as

• cost-responsiveness efficient frontier.

• supply chain responsiveness.

• implied uncertainty.

• supply chain efficiency.

A firm that is not on the cost-responsiveness efficient frontier can improve

• only responsiveness.

• neither responsiveness nor cost performance.

• only cost performance.

• both responsiveness and cost performance.