Question

please answer before 30 min

1. For each supply chain driver, managers must make tradeoffs between

Select one: a. Cost and performance b. Efficiency and responsiveness c. Time and responsiveness d. Costs and benefits e. Value addition

2. In order for a competency to be regarded as core it should have one of these characteristics

Select one: a. all of these b. it must consider sustainability c. it can be replicated widely for various products and markets d. it must only benefit the customer e. it is not easily produced

3. A large percentage of the revenue of most firms is spent in the Operations Management function.

Select one: a. False b. True

4. Outbound logistics process refers to the influx of raw materials from suppliers to manufacturing facilities.

Select one: a. True b. False

Answer 1

PLEASE RATE POSITIVE IF YOU LIKE MY ANSWER TO PROTECT MY EMPLOYMENT

1. The Supply chain trade-off is between efficiency and effectiveness i.e to keep the cost low and to deliver fast. Hence option (b) Efficiency and responsiveness is the answer

Option (a) is incorrect since performance is a wide term and not specifically capturing the essence of effectiveness

Option (c) is not capturing cost

Option (d) is not defining which benefits - effectiveness not captured

Option (e) value addition is not a trade-off

2. Option (e) is the answer. Core competency is rare and not easily imitable

3. False. Operations management expenditure is not as high as expenditure in material, logistics, production etc

4. false; Outbound logistics means shipment of finished good from factory towards customer