COYLE SUPPLY CHAIN MANAGEMENT: A LOGISTICS PERSPECTIVE, 10TH EDITION QUESTIONS WITH CORRECT ANSWERS LATEST 2024

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COYLE SUPPLY CHAIN MANAGEMENT: A LOGISTICS PERSPECTIVE, 10TH EDITION QUESTIONS WITH CORRECT ANSWERS LATEST 2024 CHAPTER 1 TEST QUESTIONS True-False 1. The first decade of the twenty-first... century was a period of rapid change for organizations, especially businesses. ANSWER: True, Page 5 2. A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system. ANSWER: True, Page 5 3. Globalization has had little effect on consumers. ANSWER: False, Page 7 4. Supply and demand has become less volatile as managers have become more adept at controlling the elements. ANSWER: False, Page 7 5. Outsourcing is a fairly new concept. ANSWER: False, Page 8 6. The world economy still favors the United States and European countries, even though China and India can participate in the global economy much more readily. ANSWER: False, Page 7. It is predicted that social networks such as Facebook and Twitter will influence supply chains because of their impact on customer demand and the speed of information transfer. ANSWER: True, Page 9 8. Supply chain managers no longer need to worry about suboptimization in light of today's technology. ANSWER: False, Page 18 9. Beginning in the late 1970s and into the 1980s, the US transportation industry was deregulated. The net result was a less competitive environment. ANSWER: False, Page 12 Multiple Choice 10. Most retailers are essentially supply chain companies since they: a. dominate the consumer market. b. own their warehouses and trucks. c. buy products produced by others. d. engage in off-shore sourcing. ANSWER: c, Page 6 11. Which of the following is not one of the external forces driving the rate of change and shaping our economic and political landscape? a. Government policy b. Technology c. Environmental concerns d. Globalization ANSWER: c, Page 6 12. Outsourcing involves: a. moving company facilities away from the home office. b. hiring foreign nationals to manage parts of the business. c. obtaining materials, parts, and products from other companies. d. building a factory in another country. ANSWER: c, Page 8 13. Some individuals describe the current consumer as the "click here" generation because they: a. all have Internet access. b. no longer wait for information to be "pushed out" to them. c. buy so much merchandise online. d. take little time to make purchasing decisions. ANSWER: , Page 14. Identify the proper sequence of the three "flows" in the supply chain. 1. Product 2. Cash 3. Information a. 1, 2, 3 b. 1, 3, 2 c. 2, 1, 3 d. 3, 2, 1 e. None of these answers ANSWER: b, Page 17 15. The demographics of our society has changed because: a. the "Baby Boom" generation is now turning 60. b. of the increase in two-career families and single-parent households. c. of immigration. d. birth rates have changed. ANSWER: b, Page 10 16. The Supply Chain Concept: a. is very new and considered cutting edge technology. b. is highly dependent on computerization. c. is not always well understood by senior managers. d. is developed from the previous Physical Distribution concept. ANSWER: d, Page 12 17. Logistics, in its simplest form, a. is a military term, as it was developed originally to supply the battlefield. b. combines inbound logistics with the outbound logistics of physical distribution. c. is another term for transportation management. d. does not involve customer service or other related functions. ANSWER: b, Page 13 18. One of the major challenges of supply chain management is: a. forward buying. b. maintaining the visibility of inventory. [Show More]

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