Principles of Supply Chain Management 9 Questions

1. Explain the impact of a mismatch in supply and demand. What strategies can companiesadopt to influence demand? Provide examples where possible.2. One commonly discussed method to avoid the bullwhip effect is information sharingbetween members of the supply chain. In todays technology savvy world it is becomingeasier to share information, but not all companies feel comfortable doing so. Discuss therole of trust in sharing information; you might include any international barriers to trustin your discussion.3. Many managers mistake information processing for knowledge management.Differentiate the two, and provide examples.4. Supply chain relationships have three dimensions: people, processes, and platforms.Which of these do you think is the most critical? In what way?5. Outsourcing, as well as offshoring, is a hotly debated topic with pros and cons. Both,however, have a direct impact on a companys top and bottom line, and have become keycomponents of defining how successful enterprises are run. State your position on thematter and back it up with at least two specific reasons.6. Many people have heard or seen the Incoterm FOB. What are Incoterms? Look online tofind listings of other Incoterms than FOB, describe at least one and how it might be usedin commerce.7. Although Congress established the Foreign-Trade Zones in 1934 to encourage U.S. firmsto participate in global trade, it is still a viable tool today in continuing trade.8. Can we truly secure the supply chain? If so, at what cost? How restrictive will it be?9. There are four main types of risks: Supply risk, Operations risk, Demand risk, andSecurity risk. Provide an example of two of these risks, and what might be done tomitigate them.