Quiz# 2: Supply Chain structure, process and Relationship.

What is the term used for a network of connected and interdependent organizations mutually and co-operatively working together to control, manage, and improve the flow of materials and information from suppliers to end users?

• Distribution chain

• Supply chain

• Value chain

• Logistics chain

What are the three Cs in achieving the competitive advantage?

• Cost, Customer, Competition

• Customer, Communication, Collaboration

• Collaboration, Coordination, Control

• Competition, Cost, Coordination

What are the three flows in Supply Chain?

• Product flow, Information flow, Money flow

• Product flow, Communication flow, Resource flow

• Inventory flow, Communication flow, Financial flow

• Material flow, Data flow, Capital flow

What are the four Rs in managing the Supply Chain?

• Reduce, Replenish, Recycle, Recover

• Reduce, Replenish, Recover, Reuse

• Reduce, Replenish, Reuse, Recycle

• Reduce, Reuse, Recycle, Recover

What is a condition or circumstance that puts a company in a favorable or superior business position?

• Market dominance

• Strategic positioning

• Competitive advantage

• Operational efficiency

What are the stages of a typical supply chain?

• Wholesalers/distributors, Component/raw material suppliers, Manufacturers, Retailers

• Manufacturers, Retailers, Wholesalers/distributors, Component/raw material suppliers

• Component/raw material suppliers, Manufacturers, Retailers, Wholesalers/distributors

• Retailers, Wholesalers/distributors, Manufacturers, Component/raw material suppliers

What are the major issues affecting Supply Chain Management related to information technology?

• Internet, Web, EDI, Bar code scanners

• Consumer Expectations, Government Regulations, Infrastructure issues

• E-commerce, Green Supply Chain Management, Globalization

• Lack of skilled labor, Scarce local material supplies, Product proliferation

What are the factors affecting Global Supply Chain Management?

• Infrastructure issues, Product proliferation, Globalization

• Government Regulations, Green Supply Chain Management, Globalization

• Transportation, Communication, Skilled labor

• Product proliferation, Infrastructure issues, Communication

What is the term for deciding which products to produce in-house and which are provided by other supply chain members?

• Outsourcing

• Vertical integration

• Backward integration

• Forward integration

What are bottleneck items in the context of sourcing?

• Items with many suppliers and standardized parts

• Items where the buyer has strength but few alternative sources of supply

• Items that present opportunities for the buyer to use market power

• Items where the buyer has little power and few alternative sources of supply