SIMULATIONSX

XPERIENTIAL NATURE OF OUR SIMULATIONS ENABLE THE DELEGATES TO LEARN BY DOING!



CPFR

All supply chain activities in a firm belong to one of three macro processes, CRM, ISCM and SRM.

 True
 False

A supply chain consists of all parties involved, directly or indirectly, in fulfilling a customer request.

 True
 False

Successful supply chain management requires which of the following decision phases?

 B-Supply chain planning
 A-Supply chain strategy/design
 C-Supply chain operation
 A and B only
 all of the options

Pull processes may also be referred to as speculative processes.

 True
 False

The degree of supply chain responsiveness does not need to be consistent with the implied uncertainty.

 False
 True

The uncertainty that exists due to the portion of demand that the supply chain is required to meet is the

 demand uncertainty.
 average forecast error.
 rate of strategic uncertainty.
 none of the options.
 implied demand uncertainty.

To achieve complete strategic fit, a firm must ensure that all functions in the value chain have diverse strategies that support functional goals.

 False
 True

The cycle view of a supply chain holds that the processes in a supply chain are divided into aseries of activities performed at the interface between successive stages.

 False
 True

The competitive strategy of a company defines the set of customer needs that it seeks to satisfy through its products and services

 True
 False

If required service level increases, then it will cause implied demand uncertainty to increase.

 False
 True

A supply chain strategy involves decisions regarding

 information flows.
 operating facilities.
 inventory
 all of the options
 transportation

A decrease in the lead time of a product will decrease implied demand uncertainty.

 False
 True

The cycle view of the supply chain is useful when considering operational decisions, because it categorizes processes based on whether they are initiated in response to or in anticipation of customer

 False
 True

Which of the following statements about pull processes is accurate?

 None of the options are accurate.
 At the time of execution, demand must be forecast.
 Execution is initiated in anticipation of customer orders.
 May also be referred to as reactive processes.
 May also be referred to as speculative processes.

A companys product development strategy specifies the portfolio of new products that it will develop.

 False
 True

The customer order cycle occurs at the

 distributor/manufacturer interface.
 manufacturer/supplier interface.
 customer/retailer interface.
 retailer/distributor interface.

First step to strategic fit is to understand customers by mapping their demand on the implied uncertainty spectrum.

 True
 False

Which of the following is NOT a cycle in the supply chain cycle view?

 Replenishment cycle
 Manufacturing cycle
 Procurement cycle
 Analysis cycle
 Customer order cycle

The objective of every supply chain is to maximize the supply chain surplus.

 False
 True

Execution initiated in response to a customer order is Pull view of a supply chain.

 True
 False

Which of the following are basic steps to achieving strategic fit?

 Achieving strategic fit.
 All of the options are basic steps to achieving strategic fit.
 Understanding the customer and supply uncertainty.
 None of the options are a basic step to achieving strategic fit.
 Understanding the supply chain capabilities.

Demand uncertainty is the uncertainty in production plan of a manufacturing concern.

 False
 True

The push/pull view of a supply chain holds that.

 the processes in a supply chain are divided into 2 categories depending on whether they are initiate
 all responses in a supply chain are performed in anticipation of customer orders.
 None of the options are true.
 the processes in a supply chain are divided into a series of activities performed at the interface b
 all processes in a supply chain are initiated in response to a customer order.

The uncertainty of customer demand for a product is the

 implied demand uncertainty.
 rate of strategic uncertainty.
 average forecast error.
 demand uncertainty.

Which of the following is NOT a stage within a typical supply chain?

 Consumers
 Manufacturers
 Wholesalers/Distributors
 Retailers
 All of the options are stages within a typical supply chain