Because Supply Chain Management Is Concerned with the Performance of All

question 108

Multiple Choice

Because supply chain management is concerned with the performance of all firms in the system simultaneously,any performance measurement system used to evaluate a supply chain must address both the chain itself and all of the processes and firms that added together compose it.One method used is called the:

• A) Customer-Supplier Relationship Approach
• B) Vroom-Yetton Model
• C) Learning and Growth Model
• D) Balanced Scorecard Approach
• E) Functional Synchronization Model

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Definitions:

Corporate Culture

The shared beliefs, values, norms, and practices that shape the social and psychological environment of a business organization.

Lead Strategy

A proactive approach in business or planning that focuses on establishing dominance in a particular area or sector before competitors.

Compa-Ratio

An index that indicates how an individual’s or a group’s salary relates to the midpoint of their relevant pay grades.

Piecework

A type of incentive system that compensates workers for each unit of output.