What system uses point of sale and key customer data to reduce uncertainty and provide efficient flows through the supply chain?
A. demand management
B. supply management
C. CRM
D. SRM
What are the key supply chain activities that present the greatest opportunity for reducing cost by including tax planning in supply chain initiatives?
A. procurement and supply chain technology
B. RandD and manufacturing
C. product life cycle management and logistics
D. AandC
E. AandB
All of the following are used to signal in a JIT environment that more work is needed by the next work station EXCEPT:
A. light
B. empty bin
C. empty space on floor
D. master schedule
E. card
All of the following are tasks required to better manage supply chains EXCEPT:
A. designing supply chains for strategic advantage
B. implementing collaborative relationships
C. develop software systems
D. manage supply chain information
E. removing cost from the supply chain
What type of supply chain is required for innovative products?
A. responsive
B. efficient
C. available
D. strategic
E. collaborative
Which of the following does research indicate to be true about setting objectives?
A. most companies set too few
B. most companies set too many
C. most companies don't have any objectives
D. most companies actually set an appropriate number of objectives
All of the following flow through the reverse supply chain EXCEPT:
A. remanufactured goods
B. obsolete goods
C. information flows
D. cash or credits
E. components for replacement or repair
All of the following are reasons why inventory is subject to shrinkage EXCEPT:
A. theft
B. deterioration
C. rework
D. scrap
E. evaporation
A company is pursuing price as a competitive advantage. Which of the following operational performance indicators would the company most likely want to improve?
A. Efficiency
B. Responsiveness
C. Relevancy
D. Sustainability
Which of the following procurement strategies would be most appropriate for items required by a bottleneck operation?
A. Long-term contracts
B. Global sourcing
C. Automated ordering processes
D. Decentralized policy