Pitt. Challenge

1. Pitt. Challenge March 6, 2008 Supply Chain Relationships

2. 1)Which is NOT one of the Four Phases of Supply Management? • A) Generation of Requirements • B) Sourcing • C) Pricing • D) Materials Handling • E) Post- Award Activities

3. Which is NOT one of the Four Phases of Supply Management? • A) Generation of Requirements • B) Sourcing • C) Pricing • D) Materials Handling • E) Post- Award Activities

4. 2)Which is NOT one of the five major developments of supply management? • A) Cross-functional teams • B) Supply Alliances • C) Logistics • D) Strategic Sourcing • E) E-Procurement

5. Which is NOT one of the five major developments of supply management? • A) Cross-functional teams • B) Supply Alliances • C) Logistics • D) Strategic Sourcing • E) E-Procurement

6. 3)Which is NOT one of the Primary benefits of a Supply Alliance? • A) Increased Time to Market • B) Improved Quality • C) Improved Technology Flow From Suppliers D) Improved Continuity of Supply E) Lower Total Costs

7. Which is NOT one of the Primary benefits of a Supply Alliance? • A) Increased Time to Market • B) Improved Quality • C) Improved Technology Flow From Suppliers D) Improved Continuity of Supply E) Lower Total Costs

8. 4)Which is a Disadvantage of E-Commerce’s relationship with Supply MNGT? • A) Enables companies to share information about quality problems • B) Identify Internet supplier’s throughout the Internet-connected world • C) Frequently requires integrating • D) Helps enable collaboration

9. Which is a Disadvantage of E-Commerce’s relationship with Supply MNGT? • A) Enables companies to share information about quality problems • B) Identify Internet supplier’s throughout the Internet-connected world • C) Frequently requires integrating • D) Helps enable collaboration

10. 5)The term supply chain management • A)was coined by consultants at Booz-Allen & Hamilton in the 1980's • B)was introduced to draw attention to the changing role of the logistics manager • C)was introduced to draw attention to the need for a perspective that recognizes the strategic importance of logistics and an integrated system-wide outlook when improving logistics processes • D)Both b and c • E)All of the above.

11. The term supply chain management • A)was coined by consultants at Booz-Allen & Hamilton in the 1980's • B)was introduced to draw attention to the changing role of the logistics manager • C)was introduced to draw attention to the need for a perspective that recognizes the strategic importance of logistics and an integrated system-wide outlook when improving logistics processes • D)Both b and c • E)All of the above.

12. 6)To say SCM is important because of dollars means that : • A)it is expensive to change how supply chains are managed • B)SCM focuses on the movement of money in international trade • C)a lot of money is spent on SCM activities • D)the cost of capital is higher for well developed supply chains • E)Both a and d

13. To say SCM is important because of dollars means that : • A)it is expensive to change how supply chains are managed • B)SCM focuses on the movement of money in international trade • C)a lot of money is spent on SCM activities • D)the cost of capital is higher for well developed supply chains • E)Both a and d

14. 7) TQM: • A)stands for timeliness and quality of management • B)is an organization-wide effort directed towards the continuous improvement of quality • C)relies on information technology D)was introduced in the early 1900's E)Both b and c

15. TQM • A)stands for timeliness and quality of management • B)is an organization-wide effort directed towards the continuous improvement of quality • C)relies on information technology D)was introduced in the early 1900's E)Both b and c

16. 8) JIT: • A)was initially developed and implemented at Toyota • B)has evolved over time and has been adapted in a wide range of sectors • C)is commonly known in industry today as lean • D)Both b and c • E)All of the above

17. JIT: • A)was initially developed and implemented at Toyota • B)has evolved over time and has been adapted in a wide range of sectors • C)is commonly known in industry today as lean • D)Both b and c • E)All of the above

18. 9) The supply chain product matrix: • A)classifies products according to predictability of demand • B)classifies the supply chain according to industry • C)indicates that a responsive supply chain should be matched with functional products D)indicates that an efficient supply chain should be matched with innovative products • E)Both a and d

19. The supply chain product matrix: • A)classifies products according to predictability of demand • B)classifies the supply chain according to industry • C)indicates that a responsive supply chain should be matched with functional products D)indicates that an efficient supply chain should be matched with innovative products • E)Both a and d

20. 10) Regarding the characteristics of a responsive supply chain, • A)the primary purpose is to respond quickly to unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete inventory • B)excess buffer capacity is maintained rather than striving for high utilization • C)suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality • D)products are designed to be modular rather than to maximize performance and minimize cost • E)All of the above

21. Regarding the characteristics of a responsive supply chain, • A)the primary purpose is to respond quickly to unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete inventory • B)excess buffer capacity is maintained rather than striving for high utilization • C)suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality • D)products are designed to be modular rather than to maximize performance and minimize cost • E)All of the above