Question 1

The functions and stages that devise an integrated strategy with a shared objective are referred to as

Accepted Answer

A)   competitive strategy.
B)   supply chain strategy.
C)   scope of strategic fit.
D)   scope of marketing strategy.E) None of the above
F) A) and B)

Question 2

The value chain in a company begins with

Accepted Answer

A)   the customer.
B)   marketing and sales.
C)   new product development.
D)   operations.E) A) and B)
F) A) and C)

Question 3

If all functional strategies are deliberately aligned with each other and with the overall competitive strategy, then the company profit will be maximized.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?

Accepted Answer

A)   Demand has become more certain and supply is predictable.
B)   Margins are lower due to an increase in competitive pressure.
C)   Product availability is crucial to capturing the market.
D)   Price becomes a significant factor in customer choice.E) A) and D)
F) C) and D)

Question 5

Increased product variety and shrinking product life cycles usually result in

Accepted Answer

A)   the deliberate phase-out of older products.
B)   a decrease in overall uncertainty for the supply chain.
C)   an increase in the time allowed for a supply chain to develop specific competencies.
D)   a deliberate proliferation in the variety of components used for all products produced.E) A) and B)
F) All of the above

Question 6

The final step in achieving strategic fit between competitive and supply chain strategies is to

Accepted Answer

A)   understand the supply chain and map it on the responsiveness spectrum.
B)   understand customers and supply chain uncertainty.
C)   match supply chain responsiveness with the implied uncertainty of demand.
D)   combine customer and supply chain uncertainty and map it on the implied uncertainty spectrum.E) A) and C)
F) A) and D)

Question 7

The uncertainty that exists due to the portion of demand that the supply chain is required to meet is the

Accepted Answer

A)   rate of strategic uncertainty.
B)   demand uncertainty.
C)   implied demand uncertainty.
D)   average forecast error.E) All of the above
F) A) and D)

Question 8

Supply chain strategy specifies what the operations, distribution, and service functions, whether performed in-house or outsourced, should do particularly well.

Accepted Answer

A) True 
 B)False

Question 9

Concerns related to the environment and sustainability

Accepted Answer

A)   are becoming less important to the consuming public.
B)   are sometimes dictated by regulations and sometimes by perception.
C)   result in increased cost for the supply chain.
D)   are relevant to only the retail member of each supply chain.E) None of the above
F) A) and D) B

Question 10

A company's marketing and sales strategy

Accepted Answer

A)   defines the set of customer needs that it seeks to satisfy through its products and services.
B)   specifies the portfolio of new products that it will try to develop.
C)   specifies how the market will be segmented and how the product will be positioned, priced, and promoted.
D)   determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.E) A) and B)
F) A) and C)

Question 11

With the ________ view, firms attempt to align all operations within a function. In this view, all supply chain functions including sourcing, manufacturing, warehousing, and transportation must align their strategy to minimize total functional cost.

Accepted Answer

A)   Intrafunctional scope
B)   Intraoperation scope
C)   Interfunctional scope
D)   Intercompany scopeE) B) and D)
F) C) and D)

Question 12

List and explain the three basic steps to achieving strategic fit.

Accepted Answer

There are three basic steps to achieving...

Question 13

The drive for strategic fit should come from

Accepted Answer

A)   the supply chain manager.
B)   the strategic planning department.
C)   the highest levels of the organization, such as the CEO.
D)   middle management.E) A) and B)
F) None of the above

Question 14

Company A and Company B of the same supply chain rely on market responsiveness to attract customers. Each company has access to the other company's designs, production schedules, and goals, and if Company A needs product overnight, Company B gladly ships it, knowing that in the long run it works to the benefit of both. Such an arrangement is an example of

Accepted Answer

A)   intrafunctional scope.
B)   intraoperation scope.
C)   interfunctional scope.
D)   intercompany scope.E) None of the above
F) All of the above

Question 15

A company's competitive strategy

Accepted Answer

A)   defines the set of customer needs that it seeks to satisfy through its products and services.
B)   specifies the portfolio of new products that it will try to develop.
C)   specifies how the market will be segmented and how the product will be positioned, priced, and promoted.
D)   determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.E) None of the above
F) All of the above

Question 16

Discuss the impact of the product life cycle on strategic fit between implied demand uncertainty and supply chain responsiveness.

Accepted Answer

As products go through their life cycle,...

Question 17

A firm that is not on the cost-responsiveness efficient frontier can improve

Accepted Answer

A)   both responsiveness and cost performance.
B)   only responsiveness.
C)   only cost performance.
D)   responsiveness, but not cost performance.E) All of the above
F) C) and D) A

Question 18

The value chain emphasizes the close relationship between all the functional strategies within a company.

Accepted Answer

A) True 
 B)False

Question 19

Which of these examples ripped from the headlines of business periodicals is most accurate?

Accepted Answer

A)   Netflix has two content delivery systems that are inexpensive to operate.
B)   Blockbuster's reliance on streaming services was overwhelmed by a lack of bandwidth at the dawn of the 21st century.
C)   Once an increase in demanded customization seized the market, Dell was unable to rely on its retail store strategy.
D)   Redbox's reliance on streaming services ended Dell's run as a leader in the industry.E) A) and C)
F) All of the above A

Question 20

A supply chain strategy involves decisions regarding all of the following except

Accepted Answer

A)   inventory.
B)   transportation.
C)   new product development.
D)   operating facilities.E) None of the above
F) B) and C)

Exam 2: Supply Chain Performance: Achieving Strategic Fit and Scope

The functions and stages that devise an integrated strategy with a shared objective are referred to as

Correct Answer
verified

The value chain in a company begins with

Correct Answer
verified

If all functional strategies are deliberately aligned with each other and with the overall competitive strategy, then the company profit will be maximized.

Correct Answer
verified

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?

Correct Answer
verified

Increased product variety and shrinking product life cycles usually result in

Correct Answer
verified

The final step in achieving strategic fit between competitive and supply chain strategies is to

Correct Answer
verified

The uncertainty that exists due to the portion of demand that the supply chain is required to meet is the

Correct Answer
verified

Supply chain strategy specifies what the operations, distribution, and service functions, whether performed in-house or outsourced, should do particularly well.

Correct Answer
verified

Concerns related to the environment and sustainability

Correct Answer
verified
B

A company's marketing and sales strategy

Correct Answer
verified

With the ________ view, firms attempt to align all operations within a function. In this view, all supply chain functions including sourcing, manufacturing, warehousing, and transportation must align their strategy to minimize total functional cost.

Correct Answer
verified

List and explain the three basic steps to achieving strategic fit.

Correct Answer
verified
There are three basic steps to achieving...
View Answer

The drive for strategic fit should come from

Correct Answer
verified

Correct Answer
verified

A company's competitive strategy

Correct Answer
verified

Discuss the impact of the product life cycle on strategic fit between implied demand uncertainty and supply chain responsiveness.

Correct Answer
verified
As products go through their life cycle,...
View Answer

A firm that is not on the cost-responsiveness efficient frontier can improve

Correct Answer
verified
A

The value chain emphasizes the close relationship between all the functional strategies within a company.

Correct Answer
verified

Which of these examples ripped from the headlines of business periodicals is most accurate?

Correct Answer
verified
A

A supply chain strategy involves decisions regarding all of the following except

Correct Answer
verified

Exam 2: Supply Chain Performance: Achieving Strategic Fit and Scope

The functions and stages that devise an integrated strategy with a shared objective are referred to as

Correct AnswerverifiedShow Answer

The value chain in a company begins with

Correct AnswerverifiedShow Answer

If all functional strategies are deliberately aligned with each other and with the overall competitive strategy, then the company profit will be maximized.

Correct AnswerverifiedShow Answer

Which of the following would be a demand and supply characteristic toward the beginning stages of a product's life cycle?

Correct AnswerverifiedShow Answer

Increased product variety and shrinking product life cycles usually result in

Correct AnswerverifiedShow Answer

The final step in achieving strategic fit between competitive and supply chain strategies is to

Correct AnswerverifiedShow Answer

The uncertainty that exists due to the portion of demand that the supply chain is required to meet is the

Correct AnswerverifiedShow Answer

Supply chain strategy specifies what the operations, distribution, and service functions, whether performed in-house or outsourced, should do particularly well.

Correct AnswerverifiedShow Answer

Concerns related to the environment and sustainability

Correct AnswerverifiedB

A company's marketing and sales strategy

Correct AnswerverifiedShow Answer

With the ________ view, firms attempt to align all operations within a function. In this view, all supply chain functions including sourcing, manufacturing, warehousing, and transportation must align their strategy to minimize total functional cost.

Correct AnswerverifiedShow Answer

List and explain the three basic steps to achieving strategic fit.

Correct AnswerverifiedThere are three basic steps to achieving...View AnswerShow Answer

The drive for strategic fit should come from

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

A company's competitive strategy

Correct AnswerverifiedShow Answer

Discuss the impact of the product life cycle on strategic fit between implied demand uncertainty and supply chain responsiveness.

Correct AnswerverifiedAs products go through their life cycle,...View AnswerShow Answer

A firm that is not on the cost-responsiveness efficient frontier can improve

Correct AnswerverifiedA

The value chain emphasizes the close relationship between all the functional strategies within a company.

Correct AnswerverifiedShow Answer

Which of these examples ripped from the headlines of business periodicals is most accurate?

Correct AnswerverifiedA

A supply chain strategy involves decisions regarding all of the following except

Correct AnswerverifiedShow Answer

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B

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There are three basic steps to achieving...
View Answer

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As products go through their life cycle,...
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A

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