Question 1

The basic purpose of supply chain management is to

Accepted Answer

A)  create an exclusive set of suppliers who will not supply your competitors. 
B)  link your customers together so that the flow of materials remains under control. 
C)  synchronize the operations of all suppliers with those of purchasing, production, distribution, and customers. 
D)  reduce the inventory by proper selection of customers and transportation modes. 
A)  create an exclusive set of suppliers who will not supply your competitors. 
B)  link your customers together so that the flow of materials remains under control. 
C)  synchronize the operations of all suppliers with those of purchasing, production, distribution, and customers. 
D)  reduce the inventory by proper selection of customers and transportation modes.

Question 2

Postponement is an organizational concept whereby members of the distribution channel are used as if they were assembly stations in the factory.

Accepted Answer

A) True 
 B)False

Question 3

Value analysis is a systematic effort to reduce the cost or improve the performance of products or services.

Accepted Answer

A) True 
 B)False

Question 4

Green purchasing involves identifying,assessing,and managing the flow of environmental waste and finding ways to reduce it and minimize its impact on the environment.

Accepted Answer

A) True 
 B)False

Question 5

It is recommended that a firm in the higher echelon of an efficient supply chain have

Accepted Answer

A)  delivery by air. 
B)  high-capacity cushions. 
C)  low inventory investments. 
D)  low-capacity utilization. 
A)  delivery by air. 
B)  high-capacity cushions. 
C)  low inventory investments. 
D)  low-capacity utilization.

Question 6

Because of the bull-whip effect,ordering patterns in supply chains typically show less variance the further upstream you move in the supply chain.

Accepted Answer

A) True 
 B)False

Question 7

Make-to-stock firms tend to use the postponement tactic.

Accepted Answer

A) True 
 B)False

Question 8

List and describe typical disruptions to the internal supply chain.

Accepted Answer

Typical disputations include internally

Question 9

Which of the following is an advantage of the postponement technique?

Accepted Answer

A)  reduction in automation 
B)  better quality of the product 
C)  reduction in training costs 
D)  reduction in inventory investment 
A)  reduction in automation 
B)  better quality of the product 
C)  reduction in training costs 
D)  reduction in inventory investment

Question 10

Of the following measures of supply chain performance,which is likely to have the most direct and measurable impact on a company's financial performance based on the reduction in the level of working capital required?

Accepted Answer

A)  percentage of suppliers' deliveries received on time 
B)  percentage of incomplete orders shipped 
C)  customer satisfaction with the order-fulfillment process 
D)  time required to fulfill orders 
A)  percentage of suppliers' deliveries received on time 
B)  percentage of incomplete orders shipped 
C)  customer satisfaction with the order-fulfillment process 
D)  time required to fulfill orders

Question 11

Compare and contrast efficient versus responsive supply chains.

Accepted Answer

The purpose of efficient supply chains i

Question 12

The finished goods of one firm may actually be the raw materials for another firm.

Accepted Answer

A) True 
 B)False

Question 13

The average inventory at Hamilton Industries,comprising raw materials,work-in-process,and finished goods,was found to be $17.2 million last year.If the cost of goods sold per week averaged $1.32 million,what was the inventory turnover experienced by Hamilton Industries? Assume the company had 50 working weeks per year.

Accepted Answer

A)  less than or equal to 3.50 
B)  greater than or equal to 3.50 but less than 3.75 
C)  greater than or equal to 3.75 but less than 4.00 
D)  greater than or equal to 4.00 
A)  less than or equal to 3.50 
B)  greater than or equal to 3.50 but less than 3.75 
C)  greater than or equal to 3.75 but less than 4.00 
D)  greater than or equal to 4.00

Question 14

Green purchasing involves identifying,assessing,and managing the flow of environmental waste and finding ways to reduce it and minimize its impact on the environment.

Accepted Answer

A) True 
 B)False

Question 15

A firm in the higher echelon of an efficient supply chain is likely to have

Accepted Answer

A)  high-capacity utilization. 
B)  low inventory turns. 
C)  high-capacity cushions. 
D)  a flexible flow process. 
A)  high-capacity utilization. 
B)  low inventory turns. 
C)  high-capacity cushions. 
D)  a flexible flow process.

Question 16

What are the different types of e-purchasing?

Accepted Answer

Different approaches

Question 17

Discuss the trade-offs with locating the inventory at the factory versus locating it closer to the customer at a warehouse,distribution center,wholesaler,or retailers.

Accepted Answer

When inventory is located at the factory

Question 18

Which of the following statements does NOT represent a positive link between supply chain performance and the financial status of a firm?

Accepted Answer

A)  Lowering the cost of purchased materials reduces the level of working capital required and has a positive impact on the contribution margin. 
B)  Reduced inventory levels result in an increase in the percentage of partial orders shipped and an increased inventory turnover ratio. 
C)  Percentage of orders shipped on time reduces the level of working capital required and supports increased sales. 
D)  Reducing supplier lead times reduces the level of working capital required. 
A)  Lowering the cost of purchased materials reduces the level of working capital required and has a positive impact on the contribution margin. 
B)  Reduced inventory levels result in an increase in the percentage of partial orders shipped and an increased inventory turnover ratio. 
C)  Percentage of orders shipped on time reduces the level of working capital required and supports increased sales. 
D)  Reducing supplier lead times reduces the level of working capital required.

Question 19

What are some factors that might lead a company to make a product or component internally rather than purchase it?

Accepted Answer

Lower-cost
Assurance of availa

Question 20

Efficient supply chains work best when contribution margins are high.

Accepted Answer

A) True 
 B)False

Exam 2: Supply Chain Management

The basic purpose of supply chain management is to

Postponement is an organizational concept whereby members of the distribution channel are used as if they were assembly stations in the factory.

Value analysis is a systematic effort to reduce the cost or improve the performance of products or services.

Green purchasing involves identifying,assessing,and managing the flow of environmental waste and finding ways to reduce it and minimize its impact on the environment.

It is recommended that a firm in the higher echelon of an efficient supply chain have

Because of the bull-whip effect,ordering patterns in supply chains typically show less variance the further upstream you move in the supply chain.

Make-to-stock firms tend to use the postponement tactic.

List and describe typical disruptions to the internal supply chain.

Which of the following is an advantage of the postponement technique?

Of the following measures of supply chain performance,which is likely to have the most direct and measurable impact on a company's financial performance based on the reduction in the level of working capital required?

Compare and contrast efficient versus responsive supply chains.

The finished goods of one firm may actually be the raw materials for another firm.

Green purchasing involves identifying,assessing,and managing the flow of environmental waste and finding ways to reduce it and minimize its impact on the environment.

A firm in the higher echelon of an efficient supply chain is likely to have

What are the different types of e-purchasing?

Discuss the trade-offs with locating the inventory at the factory versus locating it closer to the customer at a warehouse,distribution center,wholesaler,or retailers.

Which of the following statements does NOT represent a positive link between supply chain performance and the financial status of a firm?

What are some factors that might lead a company to make a product or component internally rather than purchase it?

Efficient supply chains work best when contribution margins are high.

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