Which of the following is now considered an external driver of change for supply chain management?

A.

Globalization and increased competition

B.

Reduced expectation of the customers

C.

Long product life cycles

D.

Lack of environmental regulations

2))

Which of the following is a current trend in supply chain management?

A.

Greening of supply chains

B.

Reducing supply chain responsiveness

C.

Ignoring continuous improvement

D.

Ignoring customer expectations

3)))

The primary goal of supply chain management is to:

A.

Determine the proper mode for shipping products

B.

To find the optimal ordering policy

C.

To convert to a push system

D.

To create value for customers and firms in the supply chain

4)))

GoCy!, a sportswear vendor, ended the current year with annual sales (at cost) of $48 million. During the year, the inventory of apparel turned over six times. For the next year, Go Cy! plans to increase annual sales (at cost) by 12.5 percent. What would be the average aggregate inventory value for next year if GoCY! maintains the same inventory turnover during the next year?

	A.	$12 million
	B.	$8 million
	C.	$125,000
	D.	$9 million