(Solved): 11. True or False? Mark true in bold.The modern understanding of supply chain management alsoincorpo ...

11. True or False? Mark true in bold.

1. The modern understanding of supply chain management alsoincorporates new product development processes.
2. 3C’s are levels of performance capabilities in terms of agileresponse to changing volumes.
3. Usually pull-based models allow more customization thanpush-based models.
4. The business model made possible, where lead-time gap is zero,is known as PTO.
5. When your sales drop and suddenly you have some leftoverinventory so your total inventory is 10% higher, this means thatyour asset turnover has increased.
6. Bullwhip effect is often increased by not reacting to trendsquickly enough.
7. Kanban idea was first applied in Ford Motor Company in1910’s.
8. A naïve forecasting model would always assume the same level ofdemand.
9. Periodic review inventory model requires higher safety stockthan re-order point driven model.
10. Speculative stock is estimated to be the second most commoninventory type after cycle stock in the global economy.

12. In Toyota production system, kanban stands for:

• revolutionary upgrades in quality control systems
• the principle of increasing safety stocks in order to coversupplier failures
• moderate, step-by-step continuous improvement
• note that next operation is demanding action from previousoperation
• supplier involvement in workload levelling initiatives

13. SCOR is:

• A model of service quality gaps
• A model to analyze supply chain performance and means of marketpositioning
• A model which maps standard supply chain processes andperformance metrics
• A model which explains supply chain adaptability to changingdemand

14. The “Iceberg” metaphor is used to explain

• That there are more costs to consider than initial purchaseprice
• That climate dimension is an increasing concern in riskmanagement
• That sometimes the shortest connection between A and B is notthe cheapest nor fastest
• That inventory behaves like ice – once it is deeply frozen, youcan’t easily melt it

15. Which of the following is not a “hard objective” oflogistics:

• Achieving lower inventory holding cost
• Achieving shorter order delivery times
• Achieving lower transport costs
• Achieving better agility to disruptions