Free L6M3 – Global Strategic Supply Chain Management Practice Test Question

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• ○ Delivers cost service advantage
• ○ Operates independently of corporate aims
• ○ Focuses only warehouse efficiency
• ○ Ignores customer service priorities

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• ○ Holding largest inventory levels
• ○ Outperforming rivals on value
• ○ Owning most distribution centres
• ○ Employing most logistics staff

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• ○ Chains should set strategy
• ○ Business strategy follows logistics
• ○ Avoid conflicting organisational priorities
• ○ Alignment removes all tradeoffs

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• ○ Price versus product colour
• ○ Staff versus office space
• ○ Brand versus packaging design
• ○ Cost versus service level

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• ○ Predictable demand functional products
• ○ Unpredictable demand innovative products
• ○ Fashion products short lifecycles
• ○ Customised one off products

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• ○ Stable demand commodity products
• ○ Unpredictable demand innovative products
• ○ Long lifecycle standard products
• ○ Low margin predictable products

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• ○ Cost leadership through efficiency
• ○ Differentiation through superior service
• ○ Share price manipulation tactics
• ○ Competitor elimination through pricing

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• ○ Short term transactional buying
• ○ Long term partnership relationships
• ○ Lowest price only focus
• ○ Investment in chain capabilities

Answer is in the explanation below.

Answer is in the explanation below.

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• ○ Higher inventory obsolescence levels
• ○ Longer customer lead times
• ○ Faster market response times
• ○ Lower total delivered costs

Answer is in the explanation below.