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Supply Chain Participants Quiz

Cooperative supply chain relationships developed to enhance the overall business performance of both parties is a definition of:

Relational exchanges cannot be successful without information sharing among various participants

What is a perfect order?

Variability in demand orders among supply chain participants is known as the bubble effect

One cause of the bullwhip effect is asymmetrical information among supply chain participants.

_______ analysis relates to what processes, activities, and decisions actually create costs in your supply chain.

_______ is a tool to chart how individual processes are currently being conducted and to help lay out new improved processes.

In the 1980s, Toyota and Honda outcompeted American carmakers because they relied on suppliers for approximately _______ percent of a car’s value.

Value stream mapping is an application of process mapping, developed to apply _______ principles to process improvement. A. management

A supply chain is made up of a series of processes that involve an input, a _______, and an output.

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