chapter 15 Flashcards
Strategies to address supply chain risks include:
(I) risk avoidance.
(II) risk reduction.
(III) risk projection.
(IV) risk sharing.
I, II, and IV only
The more __________ a company’s supply chain, the more difficult it is to ensure that the supply chain is managed ethically.
global
Which of the following is not a goal of supply chain management?
lowest possible transportation costs
Logistics includes all of these except:
customer selection.
Small changes in consumer demand can result in large variations in orders placed because of the:
bullwhip effect.
Which of the following is not a benefit of effective supply chain management?
larger number of suppliers
_________ has/have helped firms to concentrate on their core business
Outsourcing
Vendor analysis has the greatest potential for savings for items which have:
high annual cost-volume.
Which of the following would not usually be a main factor in selecting a vendor?
inventory turnover
Which of the following is least likely to be a key consideration when a company chooses a supplier?
value analysis
Which of the following is not a benefit of centralized purchasing?
quick response to local needs
The purchasing perspective of the supplier as a partner is characterized by:
one or a few suppliers.
Our organization can obtain visibility to potential trading partners on the Internet by using:
B2B.
The website and order fulfillment are essential features of:
e-commerce.
Real-time information about product movement on store shelves could benefit from the use of:
radio frequency identification tags.
