The seven principles of supply chain management have stood the test of time very well.
The first principle of supply chain management is to segment customers based on profit
The fourth principle of supply chain management is to differentiate products closer to the customer.
Technology and data are already very well integrated into supply chain management
Corporate executives are already well aware of the impact supply chain management can have
on their businesses.
CEOs view SCM initiatives as being primarily focused on cost reduction
For businesses, collaboration skills are very important to develop
The primary goal of a differentiation strategy is make your firm’s products appear to be different than your competitors’ products
An effective time-based strategy should consider the tradeoffs between transportation,
inventory, and warehousing costs
Decision making is part of the Cycle Time Reduction strategy
The most compelling “financial strategy” is the pursuit of cost reduction and profit
The “facility utilization” strategy places a high priority on making sure that all supply chain facilities create value only for the individual organizations.
Outsourcing is a way to reduce asset investment as well as to address strategic and customer-
As a result of the economic recession that occurred in the 2008-2010 timeframe, growth in supply chain technology has stagnated.
It is anticipated that software as a service (SaaS), GPS and Cloud Computing technologies shouldassistsignificantlyinachievingenhancedsupplychainflexibilityandfacilitating network-type solutions
Key performance indicators (KPIs) that require ownership and commitment to the objectives by all involved parties are needed for the success of relationship-based strategies
Which of the following does not belong in the list of the seven principles of supply chain management?
Develop Outsourcing Strategy to Maximize Asset Utilization
When a firm “customizes” their supply chain, it is
tailoring the chain to be responsive to the needs of individual customer segments
When a firm “sources strategically,” it is
working together with customers and suppliers in a creative, positive way.
do not clearly understand the importance of supply chain excellence.
CEOs view SCM initiatives
being primarily focused on cost reduction.
Which of the following is not part of how world class collaboration skills are developed?
Determine how the benefits will be shared
There are ________ high-priority areas in which it is important to develop effective logistics and supply chain strategies
Time-based strategies could affect
the length of the cash to cash cycle
Time-Reduction Logistics Initiatives
could change push to pull
The most compelling financial strategy is
This information technologyis a shelf-level collaboration solution between consumer goods manufacturers and retailers, wherein the manufacturers pull in the point -of-sale
(POS) data and other data that minimizes the bullwhip effect.
Facility Utilization and Equipment Utilization Strategies are
A 4PL is
a 3PL looked to for providing competencies related to knowledge availability, information technology, and skills in forming and sustaining supply chain relationships
Collaboration occurs when
companies leverage each other on an operational basis so that together they perform better than they did separately.
Questions regarding financial vs. non-financial benefits of collaboration include
whether collaboration pays for itself
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