1. Which of the following statements about supply chain management (SCM) is correct?
a) SCM programs are putting ever greater emphasis on the finance function
b) SCM coordinates and integrates several activities into a process by linking the most important partners in the chain
c) The goal of SCM is to deliver the right product at the right time, while yielding the lowest possible costs
d) SCM enables manufacturers to actively plan and collaborate across a distributed supply chain
2. Which of the following is false about supply chains?
a) Just-in-time deliveries (JIT) and lean manufacturing dictate a demand chain
b) When customers of a service are also suppliers, they should be attracted
c) A supply chain is suggestive of a system of production in which the customer “pulls” the product
d) Suppliers that are not customers must be chosen carefully
e) All of them are false
3. 3PL companies:
a) Offer their products in a most efficient manner
b) Are also known as third-place location firms
c) Have chosen to outsource at least portions of their supply chain management function
d) Provide services including handling product distribution and returns, receiving materials and managing warehouses
4. Which of the following is not a factor that is increasing the need to better manage the supply chain?
a) Optimization of their own value by most segments in the supply chain
b) Global competition and outsourcing
c) E-commerce and telecommunications
d) Outsourcing and shorter life cycles