Ch 13 Quiz (UT)

How many key processes are identified in excellent supply chain management?

• Five

• Six

• Eight

• Ten

What is a benefit of external supply chain integration?

• Decreased collaboration

• Improved partnerships with suppliers and customers

• Increased isolation

• Reduced market reach

What is a supply chain?

• A network of suppliers and distributors

• A connected chain of business entities supporting logistics

• A series of marketing strategies

• A financial management system

What is the focus of supply chain management?

• Product development

• Seamless process integration

• Employee training

• Market analysis

What is supply chain agility focused on?

• Increasing production speed

• Creating inventory velocity and operational flexibility

• Reducing labor costs

• Expanding market reach

How do third-party logistics companies contribute to technological advancements?

• By reducing innovation

• By providing enhanced technological innovations

• By eliminating technology use

• By focusing on traditional methods

Reshoring is primarily done to gain what type of advantage?

• Technological

• Economic

• Cultural

• Political

Which of the following is a benefit of nearshoring?

• Increased cultural differences

• Higher transportation costs

• Closer proximity to the original location

• Longer supply chains

What is a potential risk of foreign nationalization of assets?

• Loss of company control

• Increased local competition

• Strong local markets

• High domestic costs

What is supply chain integration?

• The process of outsourcing supply chain activities

• When multiple firms or business functions in a supply chain coordinate their activities and processes

• The separation of supply chain activities to increase efficiency

• The use of technology to automate supply chain processes