Chapter 5 : MGT1164

What is the primary goal of Supply Chain Relationship Management?

• To increase inventory levels

• To evaluate suppliers and develop strategies to improve their performance

• To decrease communication between suppliers and customers

• To outsource all supply chain activities

Which of the following is a type of supply chain relationship?

• Vertical integration

• Contracting

• Monopoly

• Joint Venture

What is an 'Enterprise' relationship in supply chain management?

• A short-term relationship focused on cost reduction

• A long-term strategic alliance for market expansion

• Expanding managerial influence and control beyond ownership boundaries

• A relationship limited to one-time transactions

What is a key barrier to process integration in supply chains?

• Overproduction

• Inventory leverage

• Knowledge hoarding

• Decreased demand

What is a 'Strategic Alliance' in supply chain management?

• A short-term contract

• An informal partnership

• A relationship governed by participants with a long-term desire to work together

• A one-time purchase agreement

Which measurement system is used to evaluate the effectiveness and efficiency of the organization structure in supply chain management?

• Performance measurement

• Cost management

• Quality control

• Market analysis

Which of the following is NOT an objective of supply chain performance measurement?

• To improve customer satisfaction

• To reduce supply chain visibility

• To evaluate resource utilization

• To provide transparency

What is the 'cash-to-cash cycle time' in supply chain performance measurement?

• Time taken to replenish inventory

• Time taken to convert inventory into sales and then into cash

• Time taken to receive payment from customers

• Time taken to transport goods

In managing supply chain relationships over time, what does 'maintaining' involve?

• Terminating the relationship

• Evaluating internal capabilities

• Tracking, reviewing, and updating strategic and operational goals

• Initial evaluation of partners

What is the purpose of 'Supplier Relationship Management (SRM)'?

• To eliminate supplier relationships

• To standardize all suppliers

• To connect suppliers and customers for easy exchange of information

• To maximize costs associated with suppliers