Suppose your business sells umbrellas, and your inventory turnover is 10 turns per year. However, you have a competitor whose inventory turnover is 15 turns per year. Whose supply chain is more efficient in terms of inventory turn? Group of answer choices Your supply chain is more efficient because your sale is 10 times higher than your average stock Your supply chain is more efficient because your sale is 1.5 times higher than your competitor's sale Your competitor's supply chain is more efficient because its sale is 15 times higher than its average stock Your competitor's supply chain is more efficient because its sale is 1.5 times higher than your sale

Which of the following statements regarding supply chains is most accurate? Group of answer choices The most common form of supply chain is the collaborative-response efficiency strategy. In order for a supply chain to work effectively, key decisions should be made by a third-party logistics provider. The longer the supply chain, the greater the economies of scale and the better the profit margin. Supply chain managers often need to make trade-offs between efficiency and responsiveness. Supply chains should consider the needs of suppliers, provided those needs are consistent with marketing strategies.

A company has higher inventory days and lower fixed asset turnover ratio than its peerThe company is more efficient only in managing its inventoryThe company is more efficient in managing its inventory and utilising its fixed assetsThe company is less efficient in managing its inventory and in utilising its fixed assetsThe company is more efficient only in utilising its fixed assets

Which of the following is not a logistical driver of supply chain performance?Group of answer choicesInventory.Transportation.Facilities.Sourcing.

The ratio that measures the speed with which inventory moves through the firm and gets converted into sales is called the ______.Multiple choice question.inventory turnover ratiocost of goods sold ratioreturn on sales ratiosales turnover ratio

Which of the following statements best describes the relationship between supply chain efficiency and vulnerability?Group of answer choicesImproving supply chain efficiency is not related to supply chain vulnerabilityImproving supply chain efficiency always increases supply chain vulnerabilityImproving supply chain efficiency can increase supply chain vulnerabilityImproving supply chain efficiency always reduces supply chain vulnerability