Question 1

Which one of the following statements on inventory placement of finished goods is best?

Accepted Answer

A)  Forward placement might help reduce transportation cost. 
B)  Forward placement is consistent with a competitive priority that calls for customization. 
C)  Inventory pooling should be avoided when demand in various regions fluctuates month to month. 
D)  Backward placement is consistent with a competitive priority that calls for fast delivery times. 
A)  Forward placement might help reduce transportation cost. 
B)  Forward placement is consistent with a competitive priority that calls for customization. 
C)  Inventory pooling should be avoided when demand in various regions fluctuates month to month. 
D)  Backward placement is consistent with a competitive priority that calls for fast delivery times.

Question 2

________ is an inventory measure obtained by dividing annual sales at cost by the average aggregate inventory value maintained during the year.

Accepted Answer

The answer of ________ is an inventory measure obtained by...

Question 3

The ________ process focuses on the interaction of the firm and upstream suppliers.

Accepted Answer

supplier r

Question 4

Firms in a responsive supply chain are expected to have

Accepted Answer

A)  long delivery times. 
B)  high inventory investments. 
C)  flexible flow process. 
D)  low-capacity cushions. 
A)  long delivery times. 
B)  high inventory investments. 
C)  flexible flow process. 
D)  low-capacity cushions.

Question 5

Briefly describe the term refers to as new product or service development process.

Accepted Answer

The new service or product development p

Question 6

A common disruption of the external supply chain is product and service mix changes.

Accepted Answer

A) True 
 B)False

Question 7

Centralized purchasing is more likely to be followed for commodity-based purchases than for specialized parts and services.

Accepted Answer

A) True 
 B)False

Question 8

The practice of locating stock closer to customers at a warehouse,distribution centre,wholesaler,or retailer is referred to as

Accepted Answer

A)  inventory pooling. 
B)  vendor managed inventories. 
C)  forward placement. 
D)  channel assembly. 
A)  inventory pooling. 
B)  vendor managed inventories. 
C)  forward placement. 
D)  channel assembly.

Question 9

The percentage of incomplete orders shipped is a performance measure for the purchasing process of supply chain management.

Accepted Answer

A) True 
 B)False

Question 10

What situations typically favour the strategy of developing a virtual supply chain?

Accepted Answer

The virtual supply chain is favoured by

Question 11

________ is a supplier relation that views negotiations between buyer and seller as a zero-sum game: whatever one side losses,the other side gains.

Accepted Answer

Competitiv

Question 12

The type of goods for which a responsive supply chain is appropriate are

Accepted Answer

A)  fashion goods. 
B)  products with a long shelf life. 
C)  expensive products. 
D)  those with infrequent design changes. 
A)  fashion goods. 
B)  products with a long shelf life. 
C)  expensive products. 
D)  those with infrequent design changes.

Question 13

An electronic marketplace where buying and selling firms come together to do business is called a catalog hub.

Accepted Answer

A) True 
 B)False

Question 14

________ are the items sold to a firm's customer.

Accepted Answer

The answer of ________ are the items sold to a...

Question 15

It is desirable for a firm in a responsive supply chain to have

Accepted Answer

A)  low-capacity cushions. 
B)  delivery by railroad. 
C)  high-capacity utilization consistent with high-volume delivery. 
D)  low inventory investments consistent with fast delivery times. 
A)  low-capacity cushions. 
B)  delivery by railroad. 
C)  high-capacity utilization consistent with high-volume delivery. 
D)  low inventory investments consistent with fast delivery times.

Question 16

The competitive orientation to supplier relations is that the buyer and supplier are partners.

Accepted Answer

A) True 
 B)False

Question 17

What is the order-fulfillment process?

Accepted Answer

The activities requi

Question 18

Offshoring is a supply chain strategy that involves moving processes to another country.

Accepted Answer

A) True 
 B)False

Question 19

The performance of a logistics process is indirectly linked to its capacity and variability of demand.

Accepted Answer

A) True 
 B)False

Question 20

Supply-chain management is the synchronization of firm's processes and those of its suppliers to match the flow of materials,services,and information with customer demand.

Accepted Answer

A) True 
 B)False

Exam 2: Supply Chain Management

Which one of the following statements on inventory placement of finished goods is best?

________ is an inventory measure obtained by dividing annual sales at cost by the average aggregate inventory value maintained during the year.

The ________ process focuses on the interaction of the firm and upstream suppliers.

Firms in a responsive supply chain are expected to have

Briefly describe the term refers to as new product or service development process.

A common disruption of the external supply chain is product and service mix changes.

Centralized purchasing is more likely to be followed for commodity-based purchases than for specialized parts and services.

The practice of locating stock closer to customers at a warehouse,distribution centre,wholesaler,or retailer is referred to as

The percentage of incomplete orders shipped is a performance measure for the purchasing process of supply chain management.

What situations typically favour the strategy of developing a virtual supply chain?

________ is a supplier relation that views negotiations between buyer and seller as a zero-sum game: whatever one side losses,the other side gains.

The type of goods for which a responsive supply chain is appropriate are

An electronic marketplace where buying and selling firms come together to do business is called a catalog hub.

________ are the items sold to a firm's customer.

It is desirable for a firm in a responsive supply chain to have

The competitive orientation to supplier relations is that the buyer and supplier are partners.

What is the order-fulfillment process?

Offshoring is a supply chain strategy that involves moving processes to another country.

The performance of a logistics process is indirectly linked to its capacity and variability of demand.

Supply-chain management is the synchronization of firm's processes and those of its suppliers to match the flow of materials,services,and information with customer demand.

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