Although planning involves determining how the various supply chain processes (sourcing‚ making‚ delivering‚ and returning) will be met‚ planning itself is not considered a supply chain process. False Delivering is not considered in supply chain analysis when outside carriers are contracted to move products to customers. False Service innovations can be patented. False Investors pay close attention to efficiency and productivity measures like net income per employee because they are interested
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Chapter 1_The Concepts of Supply Chain Management 1 The Concepts of Supply Chain Management Content 1.1 Introduction 1.2 Definition of a Supply Chain 1.3 Decision Phases in a Supply Chain 1.4 Process View of a Supply Chain 1.5 The Importance of Supply Chain Flows 1.6 Tutorial Questions Learning Objectives After reading this chapter‚ you will be able to: • • • • • • • 1.1 Describe a supply chain and define supply chain management. Define the different organizations that
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Chapter 01 Introduction True/False Questions 1-1. The basis for the practice of labor relations within a unionized employer is a contract negotiated by the parties. Answer: True Difficulty: Easy Blooms: Remember Page: 1 1-2. Stock markets create the opportunity to make ownership highly liquid by providing an institutionalized mechanism for the purchase and sale of shares. Answer: True Difficulty: Easy Blooms: Remember Page: 1 1-3. Operational decisions are made by the managers
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01 True / False Questions 1. Feeling for swollen lymph nodes is an example of auscultation. True False 2. We can see through bones with magnetic resonance imaging (MRI). True False 3. Histology is the study of structures that can be observed without a magnifying lens. True False 4. Cells were first named by microscopist Robert Hooke. True False 5. All functions of the body can be interpreted as the effects of cellular activity. True False
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What do you understand by Supply Chain Management? Supply chain management spans all movement and storage of raw materials‚ work-in-process inventory‚ and finished goods from point of origin to point of consumption. SCM as the "design‚ planning‚ execution‚ control‚ and monitoring of supply chain activities with the objective of creating net value‚ building a competitive infrastructure‚ leveraging worldwide logistics‚ synchronizing supply with demand and measuring
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True / False Questions 1. Efficiency means doing the right things to create the most value for the company. FALSE 2. Effectiveness means doing the right things to create the most value for the company. TRUE 3. A doctor completes a surgical procedure on a patient without error. The patient dies anyway. In operations management terms‚ we could refer to this doctor as being efficient but not effective. TRUE 4. A worker can be efficient without being effective. TRUE 5. Trying to maximize
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MID TERM Question 1 of 19 5.0 Points Economics is the study of: A. increasing the level of productive resources so there is maximum output in society. B. increasing the level of productive resources so there is a minimum level of income. C. how people‚ institutions‚ and society make choices under conditions of scarcity. D. the efficient use of scarce resources paid for at the minimum level of cost to consumers and businesses. Answer Key: C Question 2 of 19
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True/False Questions for Unit 2 1. A requirement is something a database needs to do in order to fulfill its purpose. True 2. You only need to include the most important stakeholder in the database discussion. False 3. Forms are used for gathering input. True 4. A transaction database is optimized to track transaction time. True 5. Data mining uses business intelligence tools and techniques on a variety of data sources brought together in a data warehouse
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1. Consider the purchase of a can of soda at a convenience store. Describe the various stages in the supply chain and the different flows involved. The stages in a supply chain are normally the supplier‚ the manufacturer‚ the distributor‚ the retailer‚ and finally the customer. The first stage of the supply chain is the supplier. Initially‚ the supplier provides the material necessary for the production of the soda can to the manufacturer‚ who had previously passed an order for the material
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Introductory Comments: A TOC expert certification in Supply Chain Logistics certifies that the individual has sufficient knowledge and tools (capability) to successfully implement both the Operations (Drum-Buffer-Rope and Buffer Management) and Distribution solutions of TOC. The Supply Chain Logistics expert exam is divided into two parts. The total examination time is 8 hours. Typically‚ the exam is divided into two four-hour parts. A passing grade for certification is 70% correct for both parts
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