Free Achieving Competitive Advantage Through the Supply Chain (L5M7) Practice Questions

A.  

Has a vertical structure where managers maintain control

B.  

Highly formalised structure

C.  

Can respond quickly to change

D.  

Low levels of centralisation

E.  

Highly documented routine processes

A.  

Specific, Measurable, Achievable

B.  

Achievable, Time-bound, and Qualitative

C.  

Quick, Relevant, and Measurable

D.  

Time-bound, Detailed, and Impartial

A.  

A farm supplying milk to a dairy manufacturer

B.  

The extraction of diamonds from a mine sold to a jewellery manufacturer

C.  

The sale of second-hand cars at a retail outlet

D.  

A retailer which accepts old phones to be given back to the manufacturer

A.  

Have buffer stock

B.  

Conduct due diligence on lower-tier suppliers

C.  

Employ a younger workforce

D.  

Trade in a strong currency

A.  

To decide which supplier to use

B.  

To map issues in the supply chain

C.  

To identify the cause of a problem

D.  

To clarify a relationship

A.  

Yes – an agile supply chain reduces waste and defects

B.  

Yes – it introduces TQM to remove inefficiencies

C.  

No – it incorporates continuous improvement until errors cease

D.  

No – it focuses on responsiveness to changing customer demand

A.  

Cost impact

B.  

Risk impact

C.  

Position in the supply chain

D.  

Level of co-operation

A.  

Free from all defects

B.  

Fit for purpose

C.  

Safety

D.  

Durability

A.  

Introduce Six Sigma

B.  

Implement Total Quality Management

C.  

Conduct SWOT Analysis

D.  

Perform Spend Analysis

A.  

Automotive

B.  

Agriculture

C.  

Services

D.  

Finance