Supply Chain And Logistics Management

Question 1

Supply Chains flow through marketing channels (Distribution Channels)

Answer 1

TRUE

Question 2

Supply Chain Strategies

Answer 2

-Push Strategy
-Pull Strategy
-Hybrid Push-Pull Strategy

Question 3

Push Strategy

Answer 3

Speculation Strategy

Positively affects customer service, but leaves too much unwanted product and the inventory cost are large. Allows economies of scale

Question 4

Pull Strategy

Answer 4

Responsive Strategy

Eliminates unwanted product, minimal inventory carrying cost. Doesn’t allow economies of scale.

Question 5

Hybrid Push-Pull Strategy

Answer 5

Combines economies of scale with flexibility. More accurate sales forecasts. Needs a distribution system that delivers quickly

Question 6

Selecting the appropriate strategy

Answer 6

-Stability of Demand
-Degree of cost competitiveness
-Degree of customization
-Speed of need of the product

Question 7

Supply Chain Management

Answer 7

-Process Integration
-Resilience
-Logistics Operations

Question 8

Process Integration

Answer 8

Supply Chain Orientation

Question 9

Resilience

Answer 9

Safety, Sourcing, Regionalization

Question 10

Logistic Operations

Answer 10

Enables supply chain to run smoothly

Question 11

Impact of Logistics

Answer 11

-Manufacturing Operations
-Finance
-Customer Service

Question 12

Functions of Logistics

Answer 12

-Managing Inventory
-Inventory Costs
-Purchasing
-Materials Management, Warehousing

Question 13

Omnichannels

Answer 13

Allow consumers to purchase goods at a retail store or through a website.