Assignment:
1. _______ analysis relates to what processes, activities, and decisions actually create costs in your supply chain.
A. Cost driver
B. Value proposition
C. Cost reduction
D. Target costing
2. In the 1980s, Toyota and Honda outcompeted American carmakers because they relied on suppliers for approximately _______ percent of a car's value.
A. 30
B. 45
C. 60
D. 80
3.The _______ has made it possible for other companies to eliminate intermediaries and sell directly to the end consumer.
A. SCM
B. Internet
C. competition
D. global sourcing
4.Value stream mapping is an application of process mapping, developed to apply _______ principles to process improvement.
A. management
B. lean
C. supply chain
D. cycle time.
5. A supply chain is made up of a series of processes that involve an input, a _______, and an output.
A. shipment
B. supplier
C. customer
D. transformation
6. _______ is a tool to chart how individual processes are currently being conducted and to help lay out new improved processes.
A. Process mapping
B. Pareto charting
C. Supply chain design
D. Design chain mapping
7. Identify from the following list a major strategic risk associated with outsourcing.
A. Outsourcing landed cost is usually higher than in sourcing cost.
B. The supplier is purchased by a competitor.
C. The business loses sight of market trends.
D. The cost of supplied material is passed on to the customer.
8. _______ is the design of seamless value-added processes across organization boundaries to meet the real needs of the end customer.
A. Operations
B. Supply chain management
C. Process engineering
D. Value charting
9. The impact of cost reduction on profits is much larger than the impact of increased
A. innovation.
B. production.
C. information.
D. sales. warehousing, procurement, manufacturing, inventory management, and customer service.
10. _______ considers how your organization competes and is an essential element of corporate strategy.
A. Value proposition analysis
B. Leadership
C. A consultant
D. A competitor
11. "3PL" involves using a supplier to provide _______ services.
A. marketing
B. design
C. logistics
D. contract manufacturing.
12. The collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies, is called
A. innovative constraint.
B. second-tier competency.
C. corporate skill.
D. core competency.
13. Integration of business economics and strategic planning has given rise to a new area of study called __________.
A. Micro Economics
C. Corporate Economics
B. Macro Economics
D. Managerial Economics
The integration of business economics and strategic planning has given rise to a new area of study called corporate economics.