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1

Another name for supply chain is value chain.
A)True
B)False
2

Each organization in a supply chain is a link between the demand portion of the chain and the supply portion.
A)True
B)False
3

All organizations have an internal supply chain.
A)True
B)False
4

Supply chains are a relatively new invention.
A)True
B)False
5

Efficient consumer response (ECR) is a supply chain management initiative specific to the food industry.
A)True
B)False
6

Inventory velocity refers to the rate at which inventory goes through the system.
A)True
B)False
7

Reducing one or more steps in a supply chain by cutting out one or more middlemen is referred to as disintermediation.
A)True
B)False
8

Supply chain management is becoming a necessity, especially for large companies, for all of the following except:
A)The need to improve operations.
B)Increasing levels of outsourcing.
C)Competitive pressures
D)Government regulations require them to.
E)The need to manage inventories.
9

The bullwhip effect is most closely associated with:
A)Late deliveries from suppliers.
B)Demanding customers.
C)Demanding suppliers.
D)Inventory buildup.
E)Delayed differentiation.
10

Which one of the following can have a negative impact on inventory velocity?
A)delayed differentiation
B)the bullwhip effect
C)cross-docking
D)disintermediation
E)bar codes
11

Which is true of cross docking?
A)It offsets the effects of delayed differentiation.
B)It occurs when suppliers have their loading docks adjacent to their customer's docks.
C)It reduces storage costs.
D)It causes the bullwhip effect.
E)It refers to moving goods across a loading dock and into storage.





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