Week 1 – Quiz #1 (All Correct)
Table of Contents
Question 1 of 10
Competition today is no longer just between firms; it is also between the supply chains of those firms.
Question 2 of 10
Building Trust, Shared Vision and Objectives, Personal Relationships, Mutual Benefits and Needs are key factors that contribute to a lasting supplier partnership.
Question 3 of 10
A SRM strategy refers to a situation wherein a supplier’s employee is permanently housed in the purchasing department of the buyer’s organization.
Question 4 of 10
There is a definitive and prescriptive set of supply chain measures that result in one best way to measure supply chain performance.
Question 5 of 10
Environmental and social impacts are considered outside of supply chain management.
Question 6 of 10
If a company is effectively focusing on its core competencies, its level of outsourcing is likely to increase.
Question 7 of 10
In order to provide more comprehensive delivery service, some freight-only airlines have invested in developing their own motor carrier fleets to provide full door to door service delivery.
Question 8 of 10
Procurement credit cards or corporate purchasing cards (P-cards) can be used for small purchases..
Question 9 of 10
Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock levels since the negatively correlated market demands reduce the overall demand variance across the markets which the centralized warehouse services.
Question 10 of 10
According to Dr. Michael Porter, a firm’s value chain is composed of primary and support activities that can lead to competitive advantage when configured properly.