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Ashford
Principles of logistics management
week 1
MGT 322 Week 1 Quiz

MGT 322 Week 1 Quiz

Short description

1 Which of the following acronyms is NOT paired with its correct "translation?" 2 Which of the following would be a good reason to outsource (buy) versus making? 3 Effective supply chain management relies on competitive bidding, corporate privacy, and contracts based on short-term performance. 4 Successful modern supply chain management typically includes the practice of 5 Which of the following is an illustration of a company that has vertically integrated? 6 Which of the following is NOT a form of countertrade? 7 Which of the following would be considered a third party provider? 8 On occasion, firms assist suppliers, new or old, to improve their processing capabilities, product or service quality, delivery effectiveness, and cost performance by providing the required technical and financial assistance. This is referred to as: 9 In the context of Supply Chain Management, the acts of obtaining raw materials, services, maintenance, repair and operating supplies for money can all be defined as purchasing. 10 The assembly or production of finished products, producing the right amount of product, and ensuring that finished products meet specific quality, cost, and customer service requirements can all be considered elements of operations.

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