Supply Chain Management ExerciseTrue or False1. A supply chain includes only the organizations directly involved in supplying components needed for manufacturing.Answer: FalsseDifficuulty: Moderrate2. A supplly chaain coonsistts of all ppartiees invvolvedd, dirrectlyy or iindireectly, in ffulfillling a cusstomerr requuest.Answer: TrueeDifficuulty: Moderrate3. A supplly chaain coould bbe morre acccurateely deescribbed ass a suupply netwoork orr suppply weeb.Answer: TrueeDifficuulty: Moderrate4. The objjectivve of everyy suppply chhain iis to maximmize tthe ovveralll valuue gennerateed.Answer: TrueeDifficuulty: Easy5. The objjectivve of everyy suppply chhain iis to maximmize tthe vaalue ggeneraated ffor thhe mannufactturingg compponentt of tthe suupply chainn.Answer: FalsseDifficuulty: Moderrate6. All suppply cchain activvitiess withhin a firm belonng to one oof thrree maacro pprocessses CRM, ISCMM and SRM.Answer: TrueeDifficuulty: Easy7. There iis a cclose conneectionn betwween tthe deesign and mmanageement of suupply chainn flowws andd the succeess off a suupply chainn.Answer: TrueeDifficuulty: Easy8. A compaanys compeetitivve strrategyy defiines tthe seet of custoomer nneeds that it seeeks tto sattisfy throuugh itts prooductss and serviices.Answer: TrueeDifficuulty: Easy9. The vallue chhain eemphassizes the cclose relattionshhip beetweenn all the ffunctiional strattegiess withhin a compaany.Answer: TrueeDifficuulty: Moderrate10. A compaanys produuct deeveloppment strattegy ddefinees thee set of cuustomeer neeeds thhat itt seekks to satissfy thhroughh its produucts aand seervicees.Answer: FalsseDifficuulty: Moderrate11. A compaanys produuct deeveloppment strattegy sspeciffies tthe poortfollio off new produucts tthat iit willl tryy to ddeveloop.Answer: TrueeDifficuulty: Easy12. A compaanys supplly chaain sttrateggy speecifiees howw the markeet willl be segmeented and hhow thhe prooduct will be poositiooned, priceed, annd proomotedd.Answer: FalsseDifficuulty: Easy13. A compaanys supplly chaain sttrateggy detterminnes thhe natture oof proocuremment aand trranspoortatiion off mateerialss as wwell aas thee manuufactuure annd disstribuution of thhe prooduct.Answer: TrueeDifficuulty: Easy14. The deggree oof suppply cchain respoonsiveeness shoulld be consiistentt withh the impliied unncertaainty.Answer: TrueeDifficuulty: Easy15. The deggree oof suppply cchain respoonsiveeness does not neeed too be cconsisstent with the iimplieed unccertaiinty.Answer: FalsseDifficuulty: Moderrate16. The twoo majoor typpes off faciilitiees aree disttributtion ssites and sstoragge sittes.Answer: FalsseDifficuulty: Moderrate17. Inventoory iss an iimporttant ssupplyy chaiin driiver bbecausse chaangingg inveentoryy poliicies can ddramatticallly altter thhe suppply cchains effficienncy annd ressponsiivenesss.Answer: TrueeDifficuulty: Moderrate18. Informaation is pootentiially the bbiggesst driiver oof perrformaance iin thee suppply chhain aas it direcctly aaffectts eacch of the oother driveers.Answer: TrueeDifficuulty: Easy19. The higgh utiilizattion ffaciliity wiill haave noo moree diffficultty resspondiing too demaand flluctuaationss thann one with a lott of uunusedd capaacity.Answer: Falsse Difficuulty: Easy20. Stock kkeepinng uniit (SKKU) sttoragee is tthe waarehouusing methoodologgy thaat usees a ttradittionall wareehousee to sstore all oof onee typee of pproducct toggetherr.Answer: TrueeDifficuulty: Moderrate21. Warehouuse unnit sttoragee is tthe waarehouusing methoodologgy thaat usees a ttradittionall wareehousee to sstore all oof onee typee of pproducct toggetherr.Answer: FalsseDifficuulty: Moderrate22. Distribbutionn occuurs beetweenn everry paiir of stagees in the ssupplyy chaiin.Answer: TrueeDifficuulty: Moderrate23. Distribbutionn onlyy occuurs beetweenn manuufactuuring and cconsummers iin thee suppply chhain.Answer: FalsseDifficuulty: Moderrate24. Companiies inn the same indusstry ooften selecct verry diffferennt disstribuution netwoorks, becauuse thhe chooice oof thee disttributtion nnetworrk cann be uused tto achhieve a varriety of suupply chainn objeectivees rannging from low ccost tto higgh ressponsiivenesss.Answer: TrueeDifficuulty: Moderrate25. The maiin advvantagge of a disstribuution netwoork wiith loocal sstoragge is that it caan lowwer thhe delliveryy costt and proviide a fasteer ressponsee thann otheer nettworkss.Answer: TrueeDifficuulty: Moderrate26. When deesigniing suupply chainn netwworks, comppaniess mustt builld apppropriiate fflexibbilityy to hhelp ccounteer fluuctuattions in exxchangge rattes annd demmand aacrosss diffferentt counntriess.Answer: Tru