SOLVED

21) Using analytical tools to optimally utilize labor, materials, and equipment is a part of the ________ step of supply chain planning. A) demand forecasting B) production scheduling C) distribution planning D) inventory planning E) transportation scheduling 22) Inventory and safety stock planning ________. A) leads to the development of the overall demand forecast B) focuses on the coordination of all activities needed to create the product or service C) focuses on the development of inventory estimates D) focuses on delivering products or services to consumers as well as warehousing E) leads to the development of a transportation schedule 23) Inventory and safety stock planning leads to the development of a(n) ________. A) outsourcing plan B) production plan C) transportation schedule D) demand forecast E) sourcing plan 24) Supply chain execution ________. A) involves the development of a sourcing plan B) refers to the use of key performance indicators to monitor production C) involves the management of information flow D) refers to the ability to track products as they move through the supply chain E) involves the development of demand forecast 25) Which of the following statements is true about product flow, a key element of supply chain? A) It refers to the ability to track products as they move through the supply chain. B) It refers to the movement of information along the supply chain, such as order processing and delivery status updates. C) It refers to the movement of goods from the supplier to production, from production to distribution, and from distribution to the consumer. D) It tracks a one-way flow of products from producers to consumers but cannot process returns or customer refunds. E) It refers primarily to the movement of financial assets throughout the supply chain. 26) Which of the following statements is true about information flow, a key element of supply chain A) A key element of this aspect of supply chain execution is to foresee external events. B) Information can only flow up the supply chain. C) It refers to the use of key performance indicators to monitor performance of the entire supply chain. D) The key element to the information flow is the complete removal of paper documents. E) It refers primarily to the movement of financial assets throughout the supply chain. 27) Which of the following key elements of a supply chain includes information related to payment schedules, consignment, and ownership of products and materials? A) financial flow B) personnel flow C) information flow D) product flow E) material flow 28) ________ refers not only to the ability to track products as they move through the supply chain but also to foresee external events. A) Supply chain visibility B) Demand planning and forecasting C) Supply chain analytics D) Supply network collaboration E) Supply chain efficiency 29) ________ refers to the use of key performance indicators to monitor performance of the entire supply chain, including sourcing, planning, production, and distribution. A) Demand forecasting B) Supply network collaboration C) Supply chain visibility D) Supply chain efficiency E) Supply chain analytics 30) ________ is the extent to which a company’s supply chain is focusing on minimizing procurement, production, and transportation costs, sometimes by sacrificing excellent customer service. A) Supply chain analytics B) Supply chain effectiveness C) Supply network collaboration D) Supply chain efficiency E) Supply chain visibility