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Supply Chain 3310 > Exam 1 Kahoot > Flashcards

Exam 1 Kahoot Flashcards

1
Q

—What product offering is the best example of a services offering?

Coffee shop
Restaurant
Car Wash
Grocery store

A

Car Wash

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2
Q

What best describes the difference between supply chain and operations management?

Supply chain is a sequence of activities across partners

Operations mgmt is a sequence of activities

One is internal and one is external

No difference

A

Supply chain is a sequence of activities across partners

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3
Q

What was not one of the 3 main business functions of an organization
discussed in chapter 1?

Marketing
Operations
Finance
Accounting

A

Accounting

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4
Q

What has a direct impact on increased revenue?

Order winner
Order management
Order qualifier
Order entry

A

Order winner

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5
Q

Why is it very important for companies to continue to innovate and get
better?

Competition is improving
Customers requires it
Globalization
Technology advancements

A

Competition is improving

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6
Q

What is considered a part of marketing?

Customers wants
Promotion
Price
Promotion
All of the above

A

All of the above

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7
Q

Of the choices below, what is most common reason companies fail?

Driven by stock price
Lack of synchronization of operations and sales strategies
Lack of Government support
Less focus on short-term results

A

Lack of synchronization of operations and sales strategies

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8
Q

What best relates to a department’s focus to partner with suppliers with short
lead-times?

Operational strategy
Functional strategy
Global strategy
Corporate strategy

A

Functional strategy

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9
Q

What is cosidered Yeti’s core competency

Packaging
Branding
Bottle Insulation
Outdoor equipment

A

Bottle Insulation

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10
Q

What is most important to implement a sustainable agile strategy?

Cost
Decoupling
Inventory investment
warehouse space

A

Decoupling

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11
Q

What is the value of a balanced scorecard approach?

Ensure compliance
Clarify vision and strategy
Motivate employees
Advance operations management

A

Clarify vision and strategy

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12
Q

What is one of the key skills a professional in operations does not need to
have to achieve success?

Process Focus
Ability to sell
Detail focused
Customer communication

A

Customer communication

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13
Q

What is not true regarding variation?

It always exists to a degree
It is of no value to manage
There are different types
It can be disruptive to operations

A

It is of no value to manage

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14
Q

What is the starting function in the SCOR model?

Source
Make
Plan
Return

A

Plan

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15
Q

What is the best skill to have of a supply chain manager?

Ability to resolve problems quickly
Negotiation skills
Financial acumen
Technology skills

A

Ability to resolve problems quickly

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16
Q

What generally falls into the “plan” area of SCOR

Forecasting
Supplier selection
Inventory Management
Inspection

A

Forecasting

17
Q

What is a standard technique that companies due to control risk in their
supply chain?

Avoid
Reduce
Share
All of the above

A

All of the above

18
Q

What is not a complexity of global supply chains?

Currency Fluctuation
Political instability
Nearshoring
Increase cost

A

Nearshoring

19
Q

What is the last step in the purchasing cycle?

Monitor orders
Select a supplier
Receive orders
Place a PO

A

Receive orders

20
Q

How can a company resolve the bullwhip effect?

More automation
Better communication
Local sourcing
Expediting

A

Better communication

21
Q

How do you resolve bottlenecks?

Create multiple processes
Invest in people
Expand product offerings
Manage customers

A

Create multiple processes

22
Q

What are types of capacity techniques?

Tracking
Leading
Hedging
All of above

A

All of above

23
Q

What is most critical to product design?

Feasibility and customer value
Equipment
Cost
Competition

A

Feasibility and customer value

24
Q

What is the best phase to optimize profits in the product life cycle?

Intro
Growth
Mature
Decline

A

Growth

25
Q

What is a main driver to complicate a company’s supply chain?

Decrease volume
Increase variety
Decrease variety
Localize shipments

A

Increase variety

26
Q

What is the goal for process layout design?

Increase spend
Decrease volume
Automate
Reduce cost

A

Reduce cost

27
Q

Line balancing used when a company is looking to?

Outsource
Increase throughput
Reduce purchasing costing
Expand cycle time

A

Increase throughput

28
Q

What do companies apply standard work?

Increase revenue
Expand learning curve
Stabilize defects
Consistent processes

A

Consistent processes

29
Q

What is not a reason why product should be re-desgined?

Technology
Stakeholder perception
Cost or Availability
Competition

A

Stakeholder perception

30
Q

What is a common area to help generate design improvement?

Supply chain
Research
Competitor
Finance

A

Finance

31
Q

What is not a common challenge designers have to overcome to be
successful in product design?

Cost impact
Time to market
Political constraints
feasibility

A

Political constraints

32
Q

What factor of SCOR is closely linked to supporting functions of supply
chains?

Plan
Make
Source
Enable

A

Enable

33
Q

What phase of the circular hierarchy is best for the environment?

Reuse
Refuse
Recycle
Remanufacture

A

Refuse

34
Q

What is an example of a product being updated with new components?

Refurbished
Repair
Recycle
Recover

A

Refurbished

35
Q

What is the end goal of value analysis?

Improve quality
reduce cost
improve performance
Reduce cost and improve performance

A

Reduce cost and improve performance

36
Q

What is not one of stages of the product or service life phases?

Intro
Growth
Scale
Decline

A

Scale

37
Q

What direct value does the Kano model provide?

Balance the 3 categories of product quality
Advance customer excitement
Increase market share
Improve profit

A

Balance the 3 categories of product quality

38
Q

Why is concurrent engineering difficult to adopt?

It requires a high investment
It requires early cross-functional coordination
It requires automation
It requires market intel

A

It requires early cross-functional coordination

Supply Chain 3310 (2 decks)

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