Multiple Choice Questions. For each question, there is only one correct answer.

Q$1.$ Supply chain surplus involves what two parts?

A$)$ Manufacturing cost and selling price

B$)$ Customer value and supply chain cost

C$)$ Customer value and high quality products

D$)$ Reliable transportation and supply chain cost

Answer:

Q$2.$ Supply chain responsiveness includes the ability to do which of the following?

A$)$ Handle supply uncertainty

B$)$ Ship product in larger quantities than your competitors

C$)$ Substitute similar products to fill orders when the desired products are unavailable

D$)$ Ensure that all functional strategies within the supply chain are reviewed annually Answer:

Q$3.$ Moving inventory from point to point in the supply is known as

A$)$ facilities.

B$)$ inventory.

C$)$ transportation.

D$)$ information.

Answer:

Q$4.$ The probability of having a product in stock when a customer order arrives is

A$)$ response time.

B$)$ product variety.

C$)$ product availability.

D$)$ customer experience.

Answer:

Q$5.$ Which of the following is an advantage of manufacturer storage with direct shipping?

A$)$ Transportation costs are low because the average outbound distance to the end consumer is small and package carriers are used to shipping the product.

B$)$ Supply chains save on the fixed cost of facilities, because the need for other warehousing space in the supply chain has been eliminated.

C$)$ Response times tend to be small because the order has to be transmitted from the retailer to the manufacturer.

D$)$ Order tracking is easy to implement because of the complete integration of information systems at both the retailer and the manufacturer.

Answer: