Operations & Supply Chain Management | Chapter 1 | Part 4 | MBA MCQs | OSM
Operations and Supply Chain Management MCQs
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- To reduce inventory management costs, many companies use a system called ________, which involves
carrying only small inventories of parts or merchandise, often only enough for a few days of operation.- just-in-time logistics
- supply chain management
- reduction-inventory management
- economic order quantity
- The bullwhip effect:
- applies to rodeos and has nothing to do with supply chain management
- refers to the “swaying” motion associated with triple trailers
- is an ineffective way to motivate warehouse employees
- refers to variability in demand orders among supply chain participants
- A supply chain is essentially a sequence of linked:
- customer and prospects
- suppliers and customers
- supplier and manufacturer
- supplier and manufacturer
- Supply chain concept originated in what discipline?
- marketing
- production
- operations
- logistics
- From the economic system's point of view, the role of marketing intermediaries is to transform the
assortment of products made by producers into the assortment of products wanted by ________Channel
members.- manufacturers
- marketers
- consumers
- distributors
- A supply chain is essentially a sequence of linked:
- supplier and manufacturer
- customer and prospects
- suppliers and customers
- warehousing and wholesaling units
- Julie Newmar recognizes that her company needs to provide better customer service and trim distribution
costs through teamwork, both inside the company and among all the marketing channel organizations. Julie
will begin the practice of ________.- customer relationship management
- supply chain management
- intermediation
- integrated logistics management
- restaurant is an example of a
- pure service
- hybrid
- pure tangible good
- major service with accompanying goods and services
- Which of the following is not an area of responsibility for a logistics manager?
- marketing
- purchasing
- warehousing
- inventory
- Which of the following are not key attributes of supply chain management?
- leveraging technology
- customer power
- all are key attributes
- inventory control
- A supply chain is a sequence of firms that perform activities required:
- to create synergy in their training programs
- to facilitate wholesalers inventory selections
- to find products that are similar
- to create and deliver goods to consumers
- Today, a growing number of firms now outsource some or all of their logistics to ________ intermediaries
- competitors
- channel members
- third-party logistics providers
- cross-functional teams
- Marketing logistics involves getting the right product to the right customer in the right place at the right
time. Which one of the following is not included in this process?- implementing the plan for the flow of goods and services
\ - gathering customer's ideas for new products
- planning the physical flow of goods and services
- controlling the physical flow of goods, services, and information
- implementing the plan for the flow of goods and services
- Companies manage their supply chains through ________.
- information
- the Internet
- competitors
- transportation modes
- Cooperative supply chain relationships developed to enhance the overall business performance of both
parties is a definition of:- third-party logistics
- relationship marketing
- supply chain collaboration
- dovetailing
- Positive, long-term relationships between supply chain participants refer to:
- partnerships
- coopetitions
- supply chain management
- tailored logistics
- The variability in demand orders among supply chain participants:
- is more pronounced in relational exchanges
- refers to the bullwhip effect
- can be controlled with electronic order placement
- cannot be controlled
- The supply chain management philosophy emerged in which decade?
- 1990s
- 1980s
- 1970s
- 1960s
- Intermediaries play an important role in matching ________.
- manufacturer to product
- supply and demand
- information and promotion
- dealer with customer
- ____________ encompasses all activities associated with the flow and transformation of goods from the
raw material stage, through to the end user, as well as the associated information flows.- marketing channel
- warehouse
- production line
- supply chain
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