Test your basic knowledge |

Supply Chain Strategy Management

Instructions:

Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can study here.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.

1. Contractual Vertical Marketing Systems
franchise/contract- conflict Dr pepper vs Dublin Dr. Pepper
man to retailers to consumer
time lag from suppliers to final buyers - uncertainty in supply and demand - economy of scale in cheaper unit cost of inventory
Just-in-time - safety stock - inventory theft

2. Supply Chain Process
buy product - sell to customers on credit - receive revenue
furniture - shoes - clothes
time lag from suppliers to final buyers - uncertainty in supply and demand - economy of scale in cheaper unit cost of inventory
Raw materials and component parts - Manufacturing/Assembly - Channels of Distribution - Consumers/Users

3. Storage
Sysco - Cardinal health
storing products
General electric - Costco - Sony
cost of production - sell to retailers on credit - receive revenue

4. Selling
Amazon.com - airlines tickets online - Zappos
manufactures - assemblers - and intermediary selling to business and consumer buyers
offers specialized wholesaling service
cost of distribution

5. Advantages of Drop Shipping
Continental airlines - Walmart stores
General electric - Costco - Sony
no upfront inventory purchases positive cash flow cycle business can operate out of home
manufactures - assemblers - and intermediary selling to business and consumer buyers

6. Limited Service Rack Jobber
provides and stocks racks
franchise/contract- conflict Dr pepper vs Dublin Dr. Pepper
consumer - business
offers complete wholesaling service

7. Contractual VMS Examples
Toyota - Burger king - Holiday inn
man to industrial distributor to user
man to user
expanding in global distribution reduction of small wholesaler major cost efficiencies

8. Conflict in the Channels Examples
textbooks - prescription drugs - new automobiles
Stihl chain saws - Snappen lawnmowers - John Deere lawnmowers
man to consumer
furniture - shoes - clothes

9. No Intermediary Consumer Channel
physical count of products
Book revenue when vehicle is sold to dealer - UAW contract pays workers not working - Make optimistic sales projections
do not take title - independently owned
man to consumer

10. Exclusive Distribution Examples
Raw materials and component parts - Manufacturing/Assembly - Channels of Distribution - Consumers/Users
Tiffany - Rolex - Cheesecake Factory
Oracle - grocery supply - Kroger
take title - independently owned

11. Distribution Strategy
man to selling agent to industrial distributor to user
middleman who sells majority of sales to organizations
intensive - selective - exclusive
bringing buyers and sellers together for the sale

12. Avg. days in US for US product to arrive in stores
7 days
offers specialized wholesaling service
power struggle bt the manufacturer and intermediaries
physical count of products

13. Administered Vertical Marketing Systems
furniture - shoes - clothes
eliminating the middleman
buy product - sell to customers on credit - receive revenue
size and power- conflict: Coke vs Costco

14. Drop Shipping Examples
textbooks - prescription drugs - new automobiles
coal broker - eBay - infomercial products
Branding - pricing - promotion
ownership- no conflict

15. Intensive Distribution Examples
Pepsi Cola - cigarettes - M&Ms
take title - independently owned
Sysco - Cardinal health
physical count of products

16. Agents and Brokers
customer buys a new shirt in a US city - hong kong computer operator processes order - worker in taiwan ships shirt to pennys store
man to wholesaler to retailer to consumer
do not take title - independently owned
Just-in-time - safety stock - inventory theft

17. A sample agricultural produce supplier Business Model
Branding - pricing - promotion
Kenyan produce shipped daily to europe - days from harvest until arrival to Europe 2 days
ownership- no conflict
bringing product from original sellers to final buyer

18. Control Distribution Choice
eliminating the middleman
time lag from suppliers to final buyers - uncertainty in supply and demand - economy of scale in cheaper unit cost of inventory
bringing buyers and sellers together for the sale
power struggle bt the manufacturer and intermediaries

19. Trends in Wholesaling
expanding in global distribution reduction of small wholesaler major cost efficiencies
provides and stocks racks
bringing buyers and sellers together for the sale
man to retailers to consumer

20. Disintermediation Examples
Amazon.com - airlines tickets online - Zappos
man to selling agent to industrial distributor to user
expanding in global distribution reduction of small wholesaler major cost efficiencies
manufacturer - wholesaler - retailer

21. Disintermediation
time lag from suppliers to final buyers - uncertainty in supply and demand - economy of scale in cheaper unit cost of inventory
Amazon.com - airlines tickets online - Zappos
eliminating the middleman
middleman who sells majority of sales to organizations

22. Manufacturer Working Capital
buy product - sell to customers on credit - receive revenue
cost of production - sell to retailers on credit - receive revenue
moving products
bringing product from original sellers to final buyer

23. Cost Distribution Choice
Pepsi Cola - cigarettes - M&Ms
Tiffany - Rolex - Cheesecake Factory
collect premiums - invest float - pay cost of repairs
cost of distribution

24. limited service
Book revenue when vehicle is sold to dealer - UAW contract pays workers not working - Make optimistic sales projections
textbooks - prescription drugs - new automobiles
offers specialized wholesaling service
middleman who sells majority of sales to consumers

25. Distribution Functions
coal broker - eBay - infomercial products
man to user
offers complete wholesaling service
Transaction - Physical

26. Wholesaler
middleman who sells majority of sales to consumers
Kenyan produce shipped daily to europe - days from harvest until arrival to Europe 2 days
man to wholesaler to retailer to consumer
middleman who sells majority of sales to organizations

27. One Intermediary Consumer Channel
bringing product from original sellers to final buyer
man to retailers to consumer
furniture - shoes - clothes
take title - independently owned

28. Standard Global Shipping Containers
ownership- no conflict
buy product - sell to customers on credit - receive revenue
use less personal labor - accelerate global business - intermodal transfer b/t ships - rail - trucks - load/unload faster
franchise/contract- conflict Dr pepper vs Dublin Dr. Pepper

29. No intermediary Business Channel
Just-in-time - safety stock - inventory theft
Pepsi Cola - cigarettes - M&Ms
man to user
manufacturer - wholesaler - retailer

30. One Intermediary Business Channel
middleman who sells majority of sales to organizations
textbooks - prescription drugs - new automobiles
man to industrial distributor to user
expanding in global distribution reduction of small wholesaler major cost efficiencies

31. Buying
do not take title - independently owned
Tiffany - Rolex - Cheesecake Factory
Oracle - grocery supply - Kroger
intermediary business and consumer buyers

32. Wholesale Agents and Brokers
man to wholesaler to retailer to consumer
provides and stocks racks
manufacturing representatives - selling agent - commercial insurance agent
collect premiums - invest float - pay cost of repairs

33. Full service
Raw materials and component parts - Manufacturing/Assembly - Channels of Distribution - Consumers/Users
offers complete wholesaling service
no upfront inventory purchases positive cash flow cycle business can operate out of home
textbooks - prescription drugs - new automobiles

34. Retailer
furniture - shoes - clothes
Continental airlines - Walmart stores
intensive - selective - exclusive
middleman who sells majority of sales to consumers

35. Transaction Function
cost of distribution
man to wholesaler to retailer to consumer
bringing buyers and sellers together for the sale
man to user

36. Inventory Management
Just-in-time - safety stock - inventory theft
man to industrial distributor to user
Continental airlines - Walmart stores
storing products

37. Inventory
physical count of products
General electric - Costco - Sony
intermediary business and consumer buyers
textbooks - prescription drugs - new automobiles

38. Two Intermediaries Consumer Channel
size and power- conflict: Coke vs Costco
man to wholesaler to retailer to consumer
cost of production - sell to retailers on credit - receive revenue
Pepsi Cola - cigarettes - M&Ms

39. Conflicts in Administered VMS
Branding - pricing - promotion
intermediary business and consumer buyers
Warehouses - shipping containers - Port
storing products

40. Channels of Distribution
Warehouses - shipping containers - Port
Transaction - Physical
storing products
consumer - business

41. Retailer Working Capital
buy product - sell to customers on credit - receive revenue
manufacturing representatives - selling agent - commercial insurance agent
offers specialized wholesaling service
man to wholesaler to retailer to consumer

42. Need for Inventory
ownership- no conflict
time lag from suppliers to final buyers - uncertainty in supply and demand - economy of scale in cheaper unit cost of inventory
Book revenue when vehicle is sold to dealer - UAW contract pays workers not working - Make optimistic sales projections
bringing buyers and sellers together for the sale

43. Merchant Wholesaler
take title - independently owned
power struggle bt the manufacturer and intermediaries
offers specialized wholesaling service
furniture - shoes - clothes

44. Corporate VMS Examples
man to selling agent to industrial distributor to user
textbooks - prescription drugs - new automobiles
cost of production - sell to retailers on credit - receive revenue
Oracle - grocery supply - Kroger

45. Limited Service Drop Shipper
Amazon.com - airlines tickets online - Zappos
middleman who sells majority of sales to organizations
no physical possessio
Warehouses - shipping containers - Port

46. Coverage Distribution Choice
ownership- no conflict
Kenyan produce shipped daily to europe - days from harvest until arrival to Europe 2 days
coverage strategy for manufacturer
Continental airlines - Walmart stores

47. Administered VMS Examples
take title - independently owned
General electric - Costco - Sony
Kenyan produce shipped daily to europe - days from harvest until arrival to Europe 2 days
Transaction - Physical

48. Auto Insurance Working Capital
coal broker - eBay - infomercial products
physical count of products
collect premiums - invest float - pay cost of repairs
time lag from suppliers to final buyers - uncertainty in supply and demand - economy of scale in cheaper unit cost of inventory

49. Transportation
man to selling agent to industrial distributor to user
power struggle bt the manufacturer and intermediaries
moving products
Oracle - grocery supply - Kroger

50. Hub and Spoke Distribution Strategy Examples
Continental airlines - Walmart stores
cost of distribution
coverage strategy for manufacturer
storing products