Supply Chain Management Quiz

Henry Ford's flow production process lacked a critical concept found in today's more customer responsive supply chain environment. What was it missing?

• Velocity

• Flexibility

• Quality standards

• Flexible workforce

A product which has little need for real-time information and uses a simple connectivity technology is best described by which supply chain strategy type?

• Stable

• Unstable

• Reactive

• Efficient reactive

The practice of bringing the supply chain inside one organization refers to:

• Chase integration

• Lateral integration

• Vertical integration

• Horizontal integration

A form of integration in which suppliers and customers aren't completely independent, but instead own limited stakes in one another, is best called:

• Cartel

• Kanban

• Keiretsu

• Poka yoka

Which of the following may hamper a lateral supply chain?

• Focus

• Control

• Expertise

• Economics of scale

Supply chain management is about creating:

• Net value

• Cost reduction

• Leaner supply chain

• Process improvements

What is the real challenge in developing a value stream?

• Seeing it from the customer's perspective

• Seeing it from the supplier's perspective

• Eliminating non-value-added activities

• Seeing it from the producer's perspective

What will most likely increase in a traditional manufacturing business if driven by economies-of-scale thinking?

• Agility

• Velocity

• Flexibility

• Inventory

Which of the following isn't the best indication of a company using a responsive strategy?

• Faster delivery speed

• Quicker order fulfillment

• Higher customer satisfaction

• Higher work center efficiency and utilization

Zara, a global manufacturer and retailer of clothing, has a supply chain strategy that is best based on:

• Cost efficiency

• Speed to market

• Configure to order

• Outsourcing manufacturing