What is the primary goal of utilizing technology in the supply chain?

A. decreased costs

B. improved coordination

C. increased revenue

D. decreased lead time

E. improved quality

Which of the following outcomes is most likely a result of allocating excess capacity to a supply chain facility?

A. Lower utilization which leads to higher cost

B. Higher utilization which leads to higher cost

C. Higher utilization which leads to lower cost

D. Lower utilization which leads to lower cost

A company plans to implement a new software application for inventory optimization. Which of the following actions will most likely reduce the implementation time?

A. Purchase the new software and host it on secure cloud servers

B. Develop the new software in-house and purchase additional hardware

C. Purchase the new software and customize it

D. Integrate the new software with supply chain partners

An advantage of the Supply Chain Operational Reference Model (SCOR) is that it:

A. has a hierarchical measurement system for supply chain attributes

B. takes into account the performance of all the nodes in the supply chain

C. allows the focus firm to better select, track and manage its suppliers and customers

D. provides a uniform set of target values that a firm should achieve to be `best in class'

A company closely monitors supplier performance and notices recent late deliveries from one supplier. The supplier discloses flood damage at the plant. The company quickly shifts sourcing to a new supplier and has minimal loss of sales. Which of the following risk strategies reflects the company's actions?

A. Achieving low cost through reaction

B. Creating an adaptive supply chain community

C. Reducing supply chain vulnerability

D. Investing in redundancy

A firm experiences a supply chain interruption from a second-tier supplier. Which of the following actions is the firm likely to take to minimize future interruptions?

A. Require the supplier to submit weekly cycle count reports.

B. Require the supplier to implement a sales and operations planning process.

C. Map the supplier's supply chain to identify risks and opportunities.

D. Conduct an ISO 14001 audit of the supplier.

What does the "A" in the CAGE framework stand for?

A. administrative

B. accountable

C. activity

D. application

E. automated

In order to improve the ability of a multiple plant manufacturer to reduce inventory, a warehouse should:

A. train employees in managing inbound and outbound shipments

B. implement an automated storage/retrieval system (AS/RS)

C. sort and sequence a variety of materials for shipment to the plants

D. implement postponement on high volume goods

One of the benefits of utilizing ISO 31000 for a company is it:

A. increases an organization's ability to identify risk.

B. enhances internal controls and corporate governance.

C. maintains proper internal operational and financial controls.

D. provides a framework for an organization's environmental policy.

Which of the following costs is an example of a specific inventory carrying cost?

A. Receiving and materials storage

B. Incoming inspection

C. Shrinkage

D. Inbound freight and duties