Purchasing & Supply Chain Management 7th Edition by Robert M. Monczka Test bank
c. supplier analysis
d. consumer behavior
e. competitive market analysis
ANSWER: d
45. _____ refers to the process of assessing and selecting the structure and formal system of communication, division of labor, coordination, control, authority, and responsibility required to achieve organizational goals and objectives, including supply chain objectives.
a. Supply chain orientation
b. Human resource management
c. Demand planning
d. Organizational design
e. Extended value chain
ANSWER: d
46. _____ seeks to improve forecast accuracy, optimize production scheduling, reduce working capital costs, shorten cycle times, cut transportation costs, and improve customer service; while _____ helps obtain materials and manage physical flows from suppliers through downstream distribution to ensure that customers receive the right products at the right location, time, and cost.
a. RFID….GPS
b. Execution software….planning software
c. Customer service….inbound transportation
d. The process approach….cost management
e. Planning software….execution software
ANSWER: e
47. All of the following are roadblocks between measurement and improved performance except _____.
a. up-to-date information technology
b. too many metrics
c. debate over the correct metrics
d. constantly changing metrics
e. old data
ANSWER: a