CBS CBS Supply Chain & Operations Strategy 3

Question 1

The SCOR (Supply Chain Operations Reference) model is primarily used for:

Accepted Answer

Benchmarking and improving supply chain performance using standardized processes

Answer

Financial auditing of supply chain costs

Answer

Negotiating supplier contracts

Answer

Forecasting consumer demand

Question 2

Which inventory strategy maintains a buffer stock to guard against unexpected demand spikes or supply delays?

Accepted Answer

Safety stock

Answer

Zero-inventory model

Answer

Cross-docking

Answer

Drop shipping

Question 3

In operations strategy, 'throughput' refers to:

Accepted Answer

The rate at which a system produces finished goods or services

Answer

The cost of processing a single unit

Answer

The number of defects per million units

Answer

The time from order placement to delivery

Question 4

Outsourcing a non-core function in operations strategy is typically driven by the goal to:

Accepted Answer

Focus internal resources on core competencies while gaining external expertise and cost savings

Answer

Increase internal headcount

Answer

Eliminate all supplier relationships

Answer

Build proprietary processes in every functional area

Question 5

A strategic alliance in supply chain management differs from a traditional supplier relationship in that it:

Accepted Answer

Creates a long-term collaborative partnership with shared goals and information

Answer

Involves a purely transactional, lowest-bid contract

Answer

Transfers full ownership of supplier operations

Answer

Is exclusively focused on cost reduction

Question 6

Which operations performance objective is most critical when a company competes on speed of delivery?

Accepted Answer

Speed

Answer

Cost

Answer

Quality

Answer

Flexibility