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Test-Bank-for-Principles-of-Supply-Chain-Management-A-Balanced-Approach-3rd-Edition-by-Wisner

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TRUE/FALSE 1. According to the textbook, the keys to successful supply chain management include trust and honest, accurate communications between supply chain partners. ANS: T PTS: 1 REF: p. 2-9 2... . According to the textbook, rapidly changing communication technology makes the development of global partnerships more difficult than in the past. ANS: F PTS: 1 REF: p. 5 3. According to the textbook, supply chains include raw material suppliers, intermediate component manufacturers, end-product manufacturers, wholesale distributors, and retailers. ANS: T PTS: 1 REF: p. 6 4. According to the textbook, retail stores are considered the focal firms in modern supply chains. ANS: F PTS: 1 REF: p. 6 5. Reverse logistics activities include the return of defective and damaged items to the manufacturer, and the recycling of used packaging. ANS: T PTS: 1 REF: p. 6 6. Trucking companies, airfreight shipping companies, and information system providers can all be considered service providers to the supply chain. ANS: T PTS: 1 REF: p. 7 7. According to the textbook, a supply chain's end customers are the only true source of income for all supply chain organizations. ANS: T PTS: 1 REF: p. 7 8. Effective supply chain management relies on competitive bidding, corporate privacy, and contracts based on short-term performance. ANS: F PTS: 1 REF: p. 8 9. The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the manufacturer of the defect. ANS: F PTS: 1 REF: p. 11 Download the full file instantly [Show More]

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