Kent MIS440 chapter 1 quiz Report this Question as Inappropriate Question Question 1 1. The following supply chain concept was introduced in the 1990's in an attempt to reduce waste and increase performance: Business Process Reengineering Offshoring Vertical Integration Material Requirement Planning 1.6 points Question 2 1. Effective supply chain management relies on competitive bidding, corporate privacy, and contracts based on short - term performance. True False 1.6 points Question 3 1. According to the text, the FOUR important elements of the supply chain are: Purchasing, manufacturing, transportation, retail stores Purchasing, operations, logistics, integration Purchasing, manufacturing, logistics, transportation Purchasing, operations, manufacturing, distribution 1.6 points Question 4 1. Which of the following was a popular way in the 1990's of developing radically new business processes in an effort to reduce waste and increase performance? Business process reengineering Benchmarking Process integration Vertical integration 1.6 points Question 5 1. According to the textbook, rapidly changing communication technology makes the development of global partnerships more difficult than in the past. True False 1.6 points Question 6 1. Right - shoring refers to: An expansion of the supply chain Contraction activities within the supply chain An increase in the responsiveness of the supply chain A decrease in the responsiveness of the supply chain 1.6 points Question 7 1. Successful modern supply chain management typically includes the practice of: Keeping high inventories throughout the supply chain Always purchasing materials with the lowest per unit cost The sharing of information between supply chain partners Leadership through the practice of issuing ultimatums to your supply chain partners 1.6 points Question 8 1. Assembly or production of finished products, producing the right amount of product, and ensuring that finished products meet specific quality, cost, and customer service requirements are all important issues that are most closely related to: Purchasing Operations Integration Distribution 1.6 points Question 9 1. Improved quality is one benefit of using a lean production system. True False 1.6 points Question 10 1. According to the textbook, the keys to successful supply chain management include trust and honest, accurate communications between supply chain partners. True False 1.6 points Question 11 1. Which of the following is an illustration of a company that has vertically integrated? A computer manufacturer that acquires its computer components supplier A computer manufacturer that acquires warehouses to aid in its product distribution A computer components supplier that begins to assemble computers for sale to consumers All of these 1.6 points Question 12 1. Trends in supply chain management include increasing inventory levels and considering the elimination of logistics intensive online retailing. True False 1.6 points Question 13 1. Which of the following can be classified as a 3PL? A company that offers warehousing services A company that offers transportation services A company that offers customs clearing services All of these 1.6 points Question 14 1. The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the manufacturer of the defect. True False 1.6 points Question 15 1. Which of the following is strategy usually employed by lean organizations in an effort to ensure continued quality compliance among suppliers and with internal production facilities? MRP II Six Sigma 3PL CAPS 1.6 points