True or False #1 Flashcards
A supply chain includes only the organizations directly involved in supplying components needed for manufacturing.
False
A supply chain consists of all parties involved, directly or indirectly, in fulfilling a customer request.
True
A supply chain could be more accurately described as a supply network or supply web.
True
The objective of every supply chain is to maximize the overall value generated.
True
The objective of every supply chain is to maximize the value generated for the manufacturing component of the supply chain.
False
Every supply chain must include all 5 stages.
False
The cycle view of a supply chain holds that the processes in a supply chain are divided into a series of activities performed at the interface between successive stages.
True
The cycle view of a supply chain holds that the processes in a supply chain are divided into 2 categories depending on whether they are initiated in response to or in anticipation of customer orders.
False
The push/pull view of a supply chain holds that the processes in a supply chain are divided into 2 categories depending on whether they are initiated in response to or in anticipation of customer orders.
True
The push/pull view of a supply chain holds that the processes in a supply chain are divided into a series of activities performed at the interface between successive stages.
False
The objective of the customer arrival process is to maximize the conversion of customer arrivals to customer orders.
True
The objective of the customer arrival process is to ensure that orders are quickly and accurately entered and communicated to other affected supply chain processes.
False
The objective of customer order entry is to ensure that orders are quickly and accurately entered and communicated to other affected supply chain processes.
True
The objective of customer order entry is to maintain a record of product receipt and complete payment.
False
The replenishment cycle occurs at the retailer/distributor interface.
True
