1. Supply Chain focuses only on the physical movement of material and supplies Select one: a. False b. True 2. One of the other departments or functions within an organisation is referred to as servitization. Which of the following statements describes servitization. Select one: a. A transformation process wherein production organisations embrace a service orientation and/or develop more and better services b. Selling the goods or services of the organisation c. Purchasing raw materials, machinery and equipment for the organisation d. Providing management with the relevant information that will enable it to manage effectively and efficiently 3. For each supply chain driver, managers must make tradeoffs between Select one: a. Efficiency and responsiveness b. Costs and benefits c. Time and responsiveness d. Cost and performance e. Value addition The Certainty in decision environment of strategic decisions alludes to: Select one: a. Costly decisions that influence the department where it is taken b. Speculation and educated guess due to not readily available critical information c. None of these d. Complexity of internal environmental factors e. All of these In a decentralised system, the local operations manager determines needs, delivery date and time Select one: a. True b. False

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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1. Supply Chain focuses only on the physical movement of material and supplies

Select one:

False

True

2. One of the other departments or functions within an organisation is referred to as servitization. Which of the following statements describes servitization.

Select one:

A transformation process wherein production organisations embrace a service orientation and/or develop more and better services

Selling the goods or services of the organisation

Purchasing raw materials, machinery and equipment for the organisation

Providing management with the relevant information that will enable it to manage effectively and efficiently

For each supply chain driver, managers must make tradeoffs between

Select one:

Efficiency and responsiveness

Costs and benefits

Time and responsiveness

Cost and performance

Value addition

The Certainty in decision environment of strategic decisions alludes to:

Select one:

Costly decisions that influence the department where it is taken

Speculation and educated guess due to not readily available critical information

None of these

Complexity of internal environmental factors

All of these

In a decentralised system, the local operations manager determines needs, delivery date and time

Select one:

True

False

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