Quiz 1: Distribution Management

A DISTRIBUTOR IS AN INTERMEDIARY ENTITY BETWEEN A PRODUCER OF A PRODUCT, OR MANUFACTURER, AND A DOWNSTREAM ENTITY IN THE DISTRIBUTION CHANNEL OR SUPPLY CHAIN.

• True

• False

Reduced Bullwhip Effect defined as erratic demand causing forecasts to include safety stock, which in turn magnify supplier forecasts and cause production planning problems

• True

• False

Supply Chain is the ability to meet the needs of current supply chain members   without hindering the ability to meet the needs of future generations

• True

• False

Answer explanation

Sustainability ability to meet the needs of current supply chain members   without hindering the ability to meet the needs of future generations

SUSTAINABILITY FOCUSES ON THE EFFECTIVE AND EFFICIENT MOVEMENT OF GOODS FROM MANUFACTURERS TO END CUSTOMERS. IT ENCOMPASSES VARIOUS ACTIVITIES, PROCESSES, AND STRATEGIES.

• True

• False

Answer explanation

SUPPLY CHAIN MANAGEMENT THAT FOCUSES ON THE EFFECTIVE AND EFFICIENT MOVEMENT OF GOODS FROM MANUFACTURERS TO END CUSTOMERS. IT ENCOMPASSES VARIOUS ACTIVITIES, PROCESSES, AND STRATEGIES.

ECOMMERCE IS THE NEWEST AND MOST DISRUPTIVE DISTRIBUTION CHANNEL WHEREIN GOODS AND SERVICES DIRECTLY TO THE BUYER.

• True

• False

Partnership should result in a win-win situation, which can only be achieved if both companies have compatible needs. An alliance is like a marriage; if only one party is happy, then the marriage is not likely to last.

• True

• False

ISO 9000 a series of standards, developed and published by the International Organization for Standardization (ISO). It defines, establishes and maintains an effective quality assurance (QA) system for manufacturing and service industries.

• True

• False

Answer explanation

Change Management

Companies must be prepared to manage the change that comes with the formation of new partnerships

In purchasing, companies must be prepared to manage the change that comes with the formation of new partnerships

• True

• False

Answer explanation

Change Management

Companies must be prepared to manage the change that comes with the formation of new partnerships

ISO 9000 a series of standards, developed and published by the International Organization for Standardization (ISO). It defines, establishes and maintains an effective quality assurance (QA) system for manufacturing and service industries.

• True

• False

Answer explanation

Change Management

Companies must be prepared to manage the change that comes with the formation of new partnerships

Supply Chain Analytics examining raw supply chain data and reaching conclusions or making predictions with the information

• True

• False

Answer explanation

Change Management

Companies must be prepared to manage the change that comes with the formation of new partnerships