Exam 2: Supply Chain Management

Explain what the following four approaches to e-purchasing consist of: electronic data interchange,catalogue hubs,exchanges,and auctions.

Some manufacturers and service providers want to measure the performance of supply chain by the percentage of on-time deliveries.The main reason for this measure is

Explain what the technique of cross-docking involves.

Efficient supply chains use low capacity cushions.

Describe vendor managed inventory (VMI).How is it related to outsourcing? Cite an example from your experiences as a shopper.

A catalog hub is a central distribution point where buyers may purchase items directly from manufacturers before the items are shipped to retailers.

________ power determines the clout that a firm has.

Last year,CMS Enterprises had total inventories (raw materials,work-in-process,and finished goods)of $5.5 million.During this same year the cost of goods sold was $22 million.The company operates 52 weeks per year.What is the total inventory (measured as weeks of supply)held by CMS Enterprises last year?

Which one of the following statements is TRUE about a cooperative orientation in supplier relationships?

Maple Leaf,Inc.,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 from last year's financial statement: Raw materials $2,500,000 Work-in-process $1,000,000 Finished goods $ 800,000 In addition,the cost of goods sold last year (50 weeks)was $15 million.What was the inventory turnover?

List and describe typical disruptions to the external supply chains.

Last year,RJT Enterprises had total inventories (raw materials,work-in-process,and finished goods)of $7.5 million.During this same year the cost of goods sold was $30 million.The company operates 50 weeks per year. a.What is their total inventory (measured as weeks of supply)? b.What is their inventory turnover?

The performance of a(n)________ process is directly linked to its capacity and variability of demand.

A firm may choose to use members of the distribution channel as if they were assembly stations in the factory.Such an approach is known as

For purchasing nonstandard items,what is the advantage of using the Internet over using traditional purchasing systems?

What is the purpose of carrying safety stock?

A cooperative orientation to supplier relations views negotiations between buyer and seller as a zero-sum game.

The new service or product development process is a core process that fundamentally shapes the supply chain.

The phenomenon in supply chains whereby ordering patterns show increasing variances the further upstream you move in the supply chain is referred to as

Which of the following changes would decrease the likelihood of the bullwhip effect?