Question

QUESTION 13

1. ________ occurs when the supplier, rather than the retailer, manages the entire inventory process for a particular product or group of products.

   		JIT
   		The bullwhip effect
   		Vertical integration
   		VMI

QUESTION 14

1. Distribution is a(n) ________ activity.

   		downstream
   		internal
   		upstream
   		irrelevant

QUESTION 15

1. In the ________ component of SCM, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.

   		deliver
   		make
   		plan
   		return
   		source

QUESTION 16

1. EDI decreases _________.

   		customer service
   		message length
   		productivity
   		security

Answer 1

Question 13 :VMI( vendor managed inventory) occurs when the supplier, rather than the retailer, manages the entire inventory process for a particular product or group of products.

JIT: just in time is a inventory management system aligens raw material orders from suppliers with production schedule.

Bull whip effect:describes how small fluctuations in demand at retailer level cause large fluctuations at the wholesale, manufacturing level .

Vertical integration: is business strategy to take complete control over one or more than one stages of production and distribution of products.

Question 14 : distribution is downstream activity.

Downstream includes final product distribution to sellers,retailers and customers.

Upstream includes sourcing and supply of raw materials.

Question 15:return is the component of SCM, supply chain managers create a responsive and flexible network for r eceiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.

There 8 components in SCM 1. planning 2.information 3. Source 4.inventory 5.production 6 location of goods 7.transportation 8. Return of goods ( return of malfunctioning goods,excess product return etc)

Question 16:message length

EDI is the is the communication channel to exchange business documents between company organizations and partners electronically.it has many benefits like increasing productivity, reducing length of data to maintain accuracy and security maintenance.