Global Supply Chain Strategy
Practice Exam
Course Introduction
Global Supply Chain Strategy explores the design, management, and optimization of supply chains in an international context. The course analyzes how globalization, emerging markets, technological advancements, and shifting economic dynamics influence supply chain decisions. Students will examine key frameworks and tools for managing global operations, risk mitigation, supplier selection, logistics, and sustainable practices. Emphasis is placed on strategic planning, cross-cultural collaboration, and best practices for building resilient, competitive, and efficient global supply chains. Through case studies and real-world examples, students gain insights into current challenges and opportunities faced by multinational organizations.
Recommended Textbook
Supply Chain Management A Logistics Perspective 10th Edition by John J. Coyle
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15 Chapters
547 Verified Questions
547 Flashcards
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Chapter 1: Supply Chain Management: an Overview
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34 Verified Questions
34 Flashcards
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Sample Questions
Q1) Cost/value refers to:
A) getting the best value for the money spent.
B) U.S. firms competing in the global arena.
C) the importance of cost and value at the very end of the supply chain.
D) product variety.
Answer: C
Q2) Performance measurement is important because:
A) it allows firms to rate competitors.
B) without it, managers would not know how the global economy is doing.
C) companies presently operating in the European Economic Community need to understand how its competitors are doing.
D) lower-level metrics in an organization must connect directly to the high-level performance to achieve goals.
Answer: D
Q3) Beginning in the late 1970s and into the 1980s, the US transportation industry was deregulated. The net result was a less competitive environment.
A)True
B)False
Answer: False
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Page 3
Chapter 2: Global Dimensions of Supply Chains
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) Which one of the countries below is not part of NAFTA?
A) United States
B) Canada
C) Argentina
D) Mexico
Answer: C
Q2) According to prediction, _____, _____, and _____ will all house so called Megacities, whereas _____ will not have any cities of this size.
A) Asia; Europe; Latin America; North America
B) Asia; Latin America; North America; Africa
C) Africa; Europe; North America; Asia
D) Asia; Latin America; North America; Europe
Answer: D
Q3) Given the importance of global trade to the United States, a delicate balance exists between security and the efficient flow of global commerce.
A)True
B)False
Answer: True
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4
Chapter 3: Role of Logistics in Supply Chains
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) The utility created through the basic marketing activities is known as place utility.
A)True
B)False
Answer: False
Q2) The value that is added to goods through a manufacturing or assembly process is:
A) form utility.
B) place utility.
C) time utility.
D) possession utility.
Answer: A
Q3) In a logistics system, warehousing should be optimized at the expense of related logistics activities, such as transportation and procurement.
A)True
B)False
Answer: False
Q4) Transportation is the physical movement or flow of goods.
A)True
B)False
Answer: True
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Chapter 4: Distribution and Omni Channel Network Design
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38 Verified Questions
38 Flashcards
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Sample Questions
Q1) The grid technique:
A) is a variation of SAILS.
B) assumes that the raw materials sources and finished goods markets are fixed.
C) assumes that the raw materials sources and finished goods markets are variable.
D) assumes nonlinear transportation rates.
Q2) Facilities may sometimes be located where senior officers prefer.
A)True
B)False
Q3) When a blanket rate structure is used, which factor is eliminated as a locational determinant?
A) Labor rate
B) Transportation rate
C) Raw material sources
D) Market sources
Q4) The grid technique will evaluate all transportation rates equally.
A)True
B)False
Q5) List and discuss potential supply chain modeling pitfalls to avoid.
Q6) What are the current trends governing site selection?
Page 6
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Chapter 5: Sourcing Materials and Services
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) Commodities are items or services that are low in risk but high in value.
A)True
B)False
Q2) What is an amalgam of catalogs from vendors within a market that is available via the Internet called?
A) Electronic marketplace
B) Buy-side system
C) Sell-side system
D) On-line trading community
Q3) Define and discuss the four basic types of e-commerce business models used in procurement and sourcing.
Q4) In the Item Procurement Importance Matrix, what is described as high risk, high value?
A) Generics
B) Commodities
C) Criticals
D) Distinctives
Q5) Strategic sourcing is almost the same as procurement.
A)True
B)False
7
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Chapter 6: Operations Producing Goods and Services
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37 Verified Questions
37 Flashcards
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Sample Questions
Q1) Resource requirements planning (RRP) is a long-run, macro-level planning tool.
A)True
B)False
Q2) In an MRP system, this document identifies all of the components required to assemble an independent demand item.
A) Inventory status file
B) Bill of materials
C) Master production schedule
D) None of these answers
Q3) Machine flexibility provides the ability to produce different types of products as well as change the order of operations executed on a product.
A)True
B)False
Q4) The materials requirement plan (MRP) is a long-range materials plan that converts information regarding end-items in the MPS into a set of time-phased component and part requirements.
A)True
B)False
Q5) Discuss the challenges facing production managers.
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Chapter 7: Demand Management
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34 Verified Questions
34 Flashcards
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Sample Questions
Q1) There are four types of forecast error measures that can be used. Name them, and choose one to discuss.
Q2) There are four strategies that firms can use to balance supply and demand; price, lead time, inventory, and _____.
A) transportation
B) warehousing
C) customer service
D) production flexibility
E) none of these answers
Q3) There are at least three forecasting methods. Name them and choose one to discuss in more detail, including advantages and disadvantages.
Q4) Dependent demand is directly influenced by independent demand.
A)True
B)False
Q5) Exponential smoothing can use constants higher than 1, but not more than 5. A)True
B)False
Q6) There are two types of demand. What are they, and how do they influence the supply chain?
Page 9
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Chapter 8: Order Management and Customer Service
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) Which of the following order cycle lengths would require the buyer to hold the most total inventory during lead time?
A) 10 days, +/- 2 days
B) 10 days, +/- 4 days
C) 8 days, +/- 5 days
D) 9 days, +/- 3 days
Q2) Activity Based Costing:
A) is useful for distributions centers but not customers.
B) can be combined with customer segmentation.
C) is too sophisticated for many applications.
D) is a very new management science.
Q3) Customer service is of equal importance to both logistics and marketing.
A)True
B)False
Q4) There are ten principal activities to the OTC model.
A)True
B)False
Q5) Compare and contrast the concepts of order-to-cash cycle time and order cycle time.
Q6) Define and discuss the Marketing/Logistics interface.
Page 10
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Chapter 9: Managing Inventory in the Supply Chain
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37 Verified Questions
37 Flashcards
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Sample Questions
Q1) JIT, MRP, and MRP II all incorporate some version of the basic EOQ model into their philosophies.
A)True
B)False
Q2) Inventory plays a dual role in organizations. Inventory impacts the cost of goods sold as well as supporting the balance sheet, a new concept only recently receiving attention.
A)True B)False
Q3) Capital cost is also called interest or opportunity cost.
A)True
B)False
Q4) The fixed order interval EOQ model is best used for SKUs with:
A) variable demand.
B) stable demand.
C) unknown demand.
D) seasonal demand.
Q5) Storage space costs are not variable. A)True B)False
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Chapter 10: Distribution
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38 Verified Questions
38 Flashcards
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Sample Questions
Q1) After the layout of the operations is determined, attention shifts to the facility size of the operations within the distribution operation.
A)True
B)False
Q2) The primary tradeoffs and relationships between resources include the following:
A) space vs. equipment.
B) equipment vs. people.
C) people vs. space.
D) all of these answers.
Q3) The drawback of centralized inventory is the long distance to customers, which typically extends lead times and results in higher transportation costs.
A)True
B)False
Q4) One of the primary tradeoffs at the facility level is space versus equipment.
A)True
B)False
Q5) Discuss inventory positioning and the differences between centralized and decentralized inventory.
Q6) Name the five product handling functions and discuss each.
Page 12
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Chapter 11: Transportation
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38 Verified Questions
38 Flashcards
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Sample Questions
Q1) What are the three types of freight documentation? Discuss how each is used.
Q2) Railroads have accessibility limitations.
A)True
B)False
Q3) Railroads fall into a group called:
A) nonintegrated carriers.
B) intermodal operators.
C) natural monopolies.
D) service challenged carriers.
Q4) Outsourcing transportation is a "buy" decision.
A)True
B)False
Q5) Which of the following modes of transportation is considered the most "capable"?
A) Air
B) Motor
C) Ocean
D) Rail
E) Pipe
Q6) What is modal selection? What are the key determinants in choosing a mode?
Q7) Define and discuss Transportation Management Systems (TMS).
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Chapter 12: Aligning Supply Chains
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35 Verified Questions
35 Flashcards
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Sample Questions
Q1) 4PL providers not only provide a broader scope of services to their clients and customers, but typically may be more strategically involved.
A)True
B)False
Q2) Once a 3PL provider is chosen, it is not necessary for an organization to seek continuous improvements as the 3PL will handle that function.
A)True
B)False
Q3) Drivers and facilitators are internal issues that an organization must address before seeking a 3PL.
A)True
B)False
Q4) What are the basic types of 3PL firms, and which are in most prevalent use?
Q5) What is meant by "collaboration" between supply chain organizations? What are the different types of collaboration?
Q6) Generally, there are two types of logistics relationships. Name both, and pick one to discuss in more detail.
Q7) Define and discuss the term "4PL."
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Chapter 13: Supply Chain Performance Measurement and Financial Analysis
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) Evaluating current or potential supply chain performance metrics is not important to a sound logistics program.
A)True
B)False
Q2) Discuss the metric classification scheme that has been developed by the Supply Chain Council and defined in the Supply Chain Operations and Reference (SCOR) model to measure the performance of Process D1: Deliver Stocked Product.
Q3) The current logistics management approach is supported by which performance measurement concepts?
A) Metrics
B) Total cost
C) Least total cost
D) The D1 concept developed by the Supply Chain Council.
Q4) A metric is complex to define, usually involves a calculation or a combination of measurements, and is often in the form of a ratio.
A)True
B)False
Q5) Discuss the revenue-cost savings connection and include the formula.
Page 15
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Chapter 14: Supply Chain Technology
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41 Verified Questions
41 Flashcards
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Sample Questions
Q1) Discuss the relative advantages of best-of-breed software versus supply chain suites.
Q2) Supply chain software includes technologies that:
A) address virtually every function and task that occurs in the supply chain.
B) help organizations plan, execute, and control supply chain activities in real time.
C) help to maintain visibility of inventory.
D) all of these answers.
Q3) ERP systems:
A) are taking the place of SCIS systems.
B) have information elements needed by SCIS applications.
C) require RFID to be fully functional.
D) focus primarily on manufacturing issues.
Q4) ERP systems are multimodal application software platforms that help organizations manage the important parts of their businesses.
A)True B)False
Q5) Discuss the role of information in the supply chain and how it supports supply chain planning and execution.
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Chapter 15: Strategic Challenges and Change for Supply Chains
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35 Verified Questions
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Sample Questions
Q1) The fourth principle of supply chain management is to differentiate products closer to the customer.
A)True
B)False
Q2) Which one is not one of the four requirements for cognitive systems?
A) Adaptive
B) Interactive
C) Iterative
D) Contextual
E) Conducive
Q3) A successful approach in overcoming organizational resistance is to effectuate collaboration in the supply chain.
A)True
B)False
Q4) Which is not one of the seven principles of supply chain management?
A) Source strategically
B) Customize the logistics network
C) Segment customers based on service needs
D) Standardize where feasible
E) None of these answers
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