Question 1

Regarding the purchasing process,name four supply change process measures.

Accepted Answer

percentage of suppliers delive

Question 2

Possible causes of disruption due to internal supply chain are

Accepted Answer

A)  late deliveries. 
B)  machine breakdowns or inexperienced workers. 
C)  product and service mix changes. 
D)  underfilled shipments. 
A)  late deliveries. 
B)  machine breakdowns or inexperienced workers. 
C)  product and service mix changes. 
D)  underfilled shipments.

Question 3

One of the benefits of a cooperative orientation in supplier relationships would be

Accepted Answer

A)  the supplier implements its own quality standards. 
B)  the buyer does not have to share much information with the supplier. 
C)  the supplier has complete freedom in choosing the delivery time. 
D)  the buyer sometimes suggests ways to improve the supplier's operations. 
A)  the supplier implements its own quality standards. 
B)  the buyer does not have to share much information with the supplier. 
C)  the supplier has complete freedom in choosing the delivery time. 
D)  the buyer sometimes suggests ways to improve the supplier's operations.

Question 4

A television manufacturer would like to reduce its inventory.To this end,you are asked by the operations manager to assess its inventory level.You have the following information on inventories form last year's financial statement:
Raw materials $1,500,000
Work-in-process $1,200,000
Finished goods $ 800,000
In addition,the cost of goods sold last year (50 weeks)was $20 million.
a.What is their total inventory (measured as weeks of supply)?
b.What is their inventory turnover?

Accepted Answer

a.Weeks of supply = average aggregate in

Question 5

Sole sourcing of an item is never a good tactic.

Accepted Answer

A) True 
 B)False

Question 6

Henderson Corporation is a supplier of alloy ball bearings to auto manufacturers in Windsor.Because of the specialized manufacturing process employed,considerable work-in-process and raw material inventories are created.The current inventory levels are $1,152,000 and $2,725,000,respectively.In addition,finished goods inventory is $3,225,000,and sales (at cost)for the current year are expected to be about $24 million.The inventory turnover that Henderson Corporation is currently expecting is

Accepted Answer

A)  less than 2.0. 
B)  greater than or equal to 2.0 but less than 2.5. 
C)  greater than or equal to 2.5 but less than 3.0. 
D)  greater than or equal to 3.0. 
A)  less than 2.0. 
B)  greater than or equal to 2.0 but less than 2.5. 
C)  greater than or equal to 2.5 but less than 3.0. 
D)  greater than or equal to 3.0.

Question 7

What the is radio frequency identification?

Accepted Answer

RFID is a method for identifying items t

Question 8

Compare and contrast efficient versus responsive supply chains.

Accepted Answer

The purpose of efficient supply chains i

Question 9

Which one of the following statements is TRUE?

Accepted Answer

A)  A buying firm should always adopt a competitive orientation for a standard item with high demand. 
B)  Single sourcing is always desirable for high demand items. 
C)  Long-term contracts are consistent with a cooperative orientation to supplier relationships. 
D)  The buyer always wins in a competitive orientation to supplier relationships. 
A)  A buying firm should always adopt a competitive orientation for a standard item with high demand. 
B)  Single sourcing is always desirable for high demand items. 
C)  Long-term contracts are consistent with a cooperative orientation to supplier relationships. 
D)  The buyer always wins in a competitive orientation to supplier relationships.

Question 10

Sole sourcing is the awarding of a contract for an item or service to only one supplier.

Accepted Answer

A) True 
 B)False

Question 11

Responsive supply chains work best with predictable demand.

Accepted Answer

A) True 
 B)False

Question 12

Which one of the following statements about the relation between financial and supply chain performance measures is TRUE?

Accepted Answer

A)  Longer delivery times require higher levels of working capital. 
B)  Shorter new product development time decreases revenue. 
C)  Higher inventory turns call for higher working capital requirement. 
D)  Lower aggregate inventory value means higher current assets. 
A)  Longer delivery times require higher levels of working capital. 
B)  Shorter new product development time decreases revenue. 
C)  Higher inventory turns call for higher working capital requirement. 
D)  Lower aggregate inventory value means higher current assets.

Question 13

Discuss the principal advantages and potential disadvantages of having more centralized rather than localized buying.

Accepted Answer

Centralized buying has the advantage of

Question 14

What is the value analysis and what are some of the questions that value analysis may answer?

Accepted Answer

Value analysis is an organized team effo

Question 15

The ________ process involves the activities required to register the need for a product or service and to confirm the acceptance of the order.

Accepted Answer

The answer of The ________ process involves the activities required...

Question 16

Support the reasons for buying in the make-or-buy decision.

Accepted Answer

The reasons for buying in the make-or-bu

Question 17

Postponement is a tactic used by mass-customization firms to delay the customization of a product or service until the last possible moment.

Accepted Answer

A) True 
 B)False

Question 18

The ________ process involves the activities required to deliver a product or service to a customer.

Accepted Answer

The answer of The ________ process involves the activities required...

Question 19

Can an organization's plans for vertical integration be supported by the tools of make-or-buy analysis? Explain; provide an example

Accepted Answer

Yes; the decision to acquire the provide

Question 20

Responsive supply chains work best when frequent product introduction exists.

Accepted Answer

A) True 
 B)False

Regarding the purchasing process,name four supply change process measures.

Possible causes of disruption due to internal supply chain are

One of the benefits of a cooperative orientation in supplier relationships would be

Sole sourcing of an item is never a good tactic.

What the is radio frequency identification?

Compare and contrast efficient versus responsive supply chains.

Which one of the following statements is TRUE?

Sole sourcing is the awarding of a contract for an item or service to only one supplier.

Responsive supply chains work best with predictable demand.

Which one of the following statements about the relation between financial and supply chain performance measures is TRUE?

Discuss the principal advantages and potential disadvantages of having more centralized rather than localized buying.

What is the value analysis and what are some of the questions that value analysis may answer?

The ________ process involves the activities required to register the need for a product or service and to confirm the acceptance of the order.

Support the reasons for buying in the make-or-buy decision.

Postponement is a tactic used by mass-customization firms to delay the customization of a product or service until the last possible moment.

The ________ process involves the activities required to deliver a product or service to a customer.

Can an organization's plans for vertical integration be supported by the tools of make-or-buy analysis? Explain; provide an example

Responsive supply chains work best when frequent product introduction exists.

Creating Customer Value through Operations

Process Configuration

Capacity

Inventory Management

Quality and Process Improvement

Lean Systems

Managing Projects

Location and Layout

Managing Demand and Forecasting

Operations Planning and Scheduling

Resource Planning

Decision Making

Financial Analysis

Work Measurement

Learning Curve Analysis

Computer-Integrated Manufacturing

Acceptance Sampling Plans

Simulation

Special Inventory Models

Linear Programming

Waiting Lines

Filters

Exam 2: Supply Chain Management

Regarding the purchasing process,name four supply change process measures.

Possible causes of disruption due to internal supply chain are

One of the benefits of a cooperative orientation in supplier relationships would be

Sole sourcing of an item is never a good tactic.

What the is radio frequency identification?

Compare and contrast efficient versus responsive supply chains.

Which one of the following statements is TRUE?

Sole sourcing is the awarding of a contract for an item or service to only one supplier.

Responsive supply chains work best with predictable demand.

Which one of the following statements about the relation between financial and supply chain performance measures is TRUE?

Discuss the principal advantages and potential disadvantages of having more centralized rather than localized buying.

What is the value analysis and what are some of the questions that value analysis may answer?

The ________ process involves the activities required to register the need for a product or service and to confirm the acceptance of the order.

Support the reasons for buying in the make-or-buy decision.

Postponement is a tactic used by mass-customization firms to delay the customization of a product or service until the last possible moment.

The ________ process involves the activities required to deliver a product or service to a customer.

Can an organization's plans for vertical integration be supported by the tools of make-or-buy analysis? Explain; provide an example

Responsive supply chains work best when frequent product introduction exists.

Creating Customer Value through Operations

Process Configuration

Capacity

Inventory Management

Quality and Process Improvement

Lean Systems

Managing Projects

Location and Layout

Managing Demand and Forecasting

Operations Planning and Scheduling

Resource Planning

Decision Making

Financial Analysis

Work Measurement

Learning Curve Analysis

Computer-Integrated Manufacturing

Acceptance Sampling Plans

Simulation

Special Inventory Models

Linear Programming

Waiting Lines

Filters