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Which of the following factors is the most important driver of supply chain change?
Health and safety concerns
Competitor actions
Government regulations
Customer perceptions of value
A company is considering relocating production to a lower-wage country. Volatility in which of the following areas most likely would impact profitability without modifying product landed costs?
Labor costs
Currency exchange rates
Commodity prices
Product quality
Managing risk should be a strategic part of supply chain management because:
the occurrence of unanticipated risks essentially can be eliminated.
not all members of the supply chain consider and respond to the same types of risks.
substantial financial penalties can be assessed if legal requirements are not met.
it helps to reduce the occurrence and consequences of unplanned negative events.
The primary contribution from an enterprise resources planning system in building supply chain capability is:
real-time manufacturing planning
improved decision making.
ease of implementation
timely order tracking
Which of the following factors is most important to consider when deciding on offshore outsourcing of manufacturing to a supplier?
Size of the supplier organization
Total cost of ownership
Supplier performance history
Supplier certification