Chapter 1 Introduction To Supply Chain Management 28

1. Which of the following is an illustration of a
company that has vertically integrated?

a.	A computer manufacturer that acquires its computer components supplier
b.	A computer manufacturer that acquires warehouses to aid in its product distribution
c.	A computer components supplier that begins to assemble computers for sale to consumers
d.	All of these

2. Successful
modern supply chain management typically includes the practice of:

a.	Keeping high inventories throughout the supply chain
b.	Always purchasing materials with the lowest per unit cost
c.	The sharing of information between supply chain partners
d.	Leadership through the practice of issuing ultimatums to your supply chain partners

3. According
to the textbook, which of the following statements is TRUE? Consumers buy
products based on a combination of:

a.	Cost, quality, manufacturer, and simplicity of use
b.	Cost, quality, availability, and brand
c.	Cost, quality, advertising, store preference, and appearance
d.	Cost, quality, availability, maintainability, and reputation

4. Which
of the following is a reverse logistics activity:

a.	Recycling products and components
b.	Delivering finished goods to your customer
c.	Developing a collaborative relationship with your supplier
d.	Managing the quality of products

5. According
to the textbook, conditions which must be present for successful supply chain
management include:

a.	Vertical Integration
b.	Corporate contracts regarding performance expectations
c.	Short-term company focused performance
d.	Cooperation among firms

6. A
certain supply chain is made up of:

	1.	Raw Materials Supplier
	2.	Components Manufacturer
	3.	A firm that manufacturers Sub-assemblies
	4.	End Item Manufacturer
	5.	Wholesale Distributor
	6.	Local Retail Chain Warehouse

Who is considered the second
tier supplier of the firm that manufacturers Sub-assemblies?

a.	Raw Materials Supplier
b.	Wholesale Distributor
c.	The final end item consumer
d.	Components Manufacturer
e.	Local Retail Chain Warehouse

7. A
certain supply chain is made up of:

	1.	Raw Materials Supplier
	2.	Components Manufacturer
	3.	A firm that manufacturers Sub-assemblies
	4.	End Item Manufacturer
	5.	Wholesale Distributor
	6.	Local Retail Chain Warehouse

Who is considered the End Item
Manufacturer's second tier supplier?

a.	Raw Materials Supplier
b.	Wholesale Distributor
c.	The final end item consumer
d.	Components Manufacturer
e.	Local Retail Chain Warehouse

8. The
following is an example of the bullwhip effect:

a.	Barkley's produces a defective product and thus realizes an excessive increase in consumer returns
b.	Barkley's products are so successful that it adds a new retailer for distribution
c.	Barkley's incorrectly anticipates consumer demand resulting in stockouts at several popular retailers
d.	Barkley's is unhappy with the performance of a distributor which causes a chain-reaction of replacements to companies involved in its supply chain

9. The
term Supply Chain Management and the field of study it represents today seems
to have emerged in the:

10. Which
of the following would be considered a third party provider?

a.	A Raw materials supplier
b.	An intermediate component manufacturer
c.	A firm that leases storage warehousing
d.	An end product manufacturer

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