Which of the following descriptions best describe the role of a supply chain? Select one: a. The role varies based on the nature of the environment, but can include sourcing, production, marketing, sales, after-sales service, and the acceptance of risk and responsibility for the product. b. The logistics of an organization's distribution strategy. c. Physical distribution and payment collection. d. The role varies based on the nature of the environment, but can include physical ownership, payment collection, and the
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- What choice below differentiates Supply Chain Management (SCM) from Operations Management (OM). O a. OM has no production functions b. SCM has no procurement functions c. OM has no Quality Control functions d. SCM is for service companies only e. Planning beyond your customer's customer and your supplier's supplier1. Supply Chain focuses only on the physical movement of material and supplies Select one: a. False b. True 2. One of the other departments or functions within an organisation is referred to as servitization. Which of the following statements describes servitization. Select one: a. A transformation process wherein production organisations embrace a service orientation and/or develop more and better services b. Selling the goods or services of the organisation c. Purchasing raw materials, machinery and equipment for the organisation d. Providing management with the relevant information that will enable it to manage effectively and efficiently 3. For each supply chain driver, managers must make tradeoffs between Select one: a. Efficiency and responsiveness b. Costs and benefits c. Time and responsiveness d. Cost and performance e. Value addition The Certainty in decision environment of strategic decisions alludes to: Select one: a. Costly…1.Supply Chain coversMovement of GoodsMovement of ServicesMovement of Goods and Services2.Supply Chain is betweenCustomer to customerCustomer to SupplierSupplier to supplierSupplier to Customer3.Which one of the below is element of supply chainDistribution ManagementHuman Resorce ManagementFinance Mangement4.What is the goal of supply chainCreate Customer satisfactionCreate Supplier SatisfactionAll the aboveCreate profit5.What is inventoryIt is about stock and its valueIt is about selling of goodsIt is about movement of the goods6.Managing the activities involving the flow of supplies into and out of a company is known as what?Procurement and distributionSCMSupply chainOperations managemet7.Which of the following is involved with supply chain management?GoodsSurveys1MarketingOverhead8.Which of the following is NOT an element of supply chain management?InventoryLaborProductionDistribution and transportation9.Order processing includes the following business processes:picking, packaging,…
- Hi there can you please assist me wi the following question below 1.1 There are three important bid committees that are necessary to ensuretransparency of the procurement process. In your own words, differentiatebetween the Bid Specification Committee and the Bid Adjudication Committee 1.2 Using the example of a catering company, i.e., making and selling food, explain thefirst three components of supply chain management in relation to the above example.You are required to:• Identify the first three components of supply chain management.• Explain each of the components.• Explain each component in relation to the example provided.One product that Staples sells a lot of is copy paper. According to Lee’s Uncertainty Framework, what supply chain strategy is appropriate for this product?A light bulb manufacturer uses descriptive analytics _____. A. to present supply chain to managers visually. B. to achieve efficiency in delivery of goods. C. to schedule staff and vehicle for delivery. D. to plan capacity utilization by incorporating the inherent uncertainty in commodities pricing.
- Matt ress Wholesalers, Inc., is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.5 million and inventory was $ 1.5 million. This year, cost ofgoods sold is $8.6 million and inventory investment is $1.6 million. Ja) What were the weeks of supply last year?b) What are the weeks of supply this year?c) Is Mattress Wholesalers making progress in its inventoryreduction effort?__________________ implies supply, production, distribution and waste management. The management of supply means to organize the flow of goods and services with the view of transforming raw materials into a final product. It finds ways to maximize customer value and gain a competitive advantage in the marketplace. Wählen Sie eine Antwort: a. sales management b. logistics c. process management d. product management4. Jay is a senior buyer at an electronics factory. He plans to provide an orientation training to his junior buyers on the importance of information in supply chain.(a) Analyse the characteristics of good information with relevant examples.(b) Discuss the challenges of information technology management. answer guidelines - (a) to analyse characteristics of good information with example - appropriate, accuracy, accessible when needed - (b) to discuss the challenges of information technology management. cybersecurity threat, incomplete data (GIGO), high implementation cost, lack of knowledge/resources
- 1.Upstream supply chain members are A. retailers B. manufacturers C. end-use customers D. suppliers 2.The integrated group of business processes that form a supply chain are A. marketing, manufacturing and finance B. procurement, production and distribution C. manufacturing and service D. demand, value, and quality 3.The bullwhip effect occurs when A. slight to moderate demand variability becomes magnified as demand information is transmitted back upstream. B. slight to moderate demand variability becomes magnified as supply information is transmitted back upstream. C. slight to moderate demand variability becomes magnified as demand information is transmitted back downstream. D. slight to moderate demand variability becomes magnified as supply information is transmitted back downstream. 4.The key element in achieving supply chain integration is A. quality management B. ISO certification C. information technology D. EDI 5.A disadvantage of RFID technology that has hindered its…When creating a SIPOC what are the alternatives to use as a starting point A. suppliers B. Inputs C. Process D. CustomersThe bullwhip effect is used to describe how relatively small fluctuations in the market can cause increasing volatility further back in the chain. What is the main driver of this phenomenon O a. The creating of partnership relationships in the supply chain b. Collaborative Planning Forecasting and Replenishment (CPFR) C. Introduction of information systems linking all parts of the supply chain Od. The desire by the different links in the chain to manage their production rates and inventory levels sensibly.