Practice Quiz

Supply Chain Management

Category - Dynamics

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___________ are used to track the efficiency and responsiveness of the modeled supply chain, and include the total inventory cost incurred in the system.
  1. Production measures
  2. Performance measures
  3. Predictability measures
  4. Variance measures
Explanation
Answer: B - To assess the quality of policies and structural changes to the model, performance measures have to be used. Performance measures are used to analyze the efficiency and responsiveness of the modeled supply chain, and include the total inventory cost incurred in the system and the achievement of defined targets for order to delivery lead time, delivery routine to customer request, and delivery performance to committed date.
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