Question 1

List the reasons for making in the make-or-buy decision.

Accepted Answer

The reasons for making in the make-or-bu

Question 2

The general tendency toward increasing variation in demand and inventory levels as we move further away from the end customer in the supply chain is referred to as

Accepted Answer

A)  internally generated shortages. 
B)  bull-whip effect. 
C)  capacity cushions. 
D)  continuous replenishment. 
A)  internally generated shortages. 
B)  bull-whip effect. 
C)  capacity cushions. 
D)  continuous replenishment.

Question 3

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

Accepted Answer

A)  It tends to emphasize short-term advantages over long-term commitments. 
B)  The supplier gains repeatability and can move toward a line flow process. 
C)  The supplier is obliged to offer the lowest possible price every time. 
D)  The supplier is obliged to deliver the material in the shortest possible time, every time. 
A)  It tends to emphasize short-term advantages over long-term commitments. 
B)  The supplier gains repeatability and can move toward a line flow process. 
C)  The supplier is obliged to offer the lowest possible price every time. 
D)  The supplier is obliged to deliver the material in the shortest possible time, every time.

Question 4

Which location movement would fall under forward placement?

Accepted Answer

A)  from the wholesaler to the manufacture 
B)  from the retailer to the manufacturer 
C)  from the manufacturer to a distribution center 
D)  from the retailer to the wholesaler 
A)  from the wholesaler to the manufacture 
B)  from the retailer to the manufacturer 
C)  from the manufacturer to a distribution center 
D)  from the retailer to the wholesaler

Question 5

The practice of having the supplier monitor inventory levels at its customer and replenishing the stock as needed to avoid shortages is referred to as

Accepted Answer

A)  continuous replenishment vendor-managed inventory. 
B)  inventory pooling. 
C)  channel assembly of vendor-managed inventory. 
D)  forward placement. 
A)  continuous replenishment vendor-managed inventory. 
B)  inventory pooling. 
C)  channel assembly of vendor-managed inventory. 
D)  forward placement.

Question 6

A common disruption of the external supply chain is engineering changes.

Accepted Answer

A) True 
 B)False

Question 7

The new service/product development process begins with the old item and ends with the launch of the new offering.

Accepted Answer

A) True 
 B)False

Question 8

One source of disruption caused by the external supply chain is

Accepted Answer

A)  product or sales promotions. 
B)  new product or service introduction. 
C)  late deliveries. 
D)  engineering changes. 
A)  product or sales promotions. 
B)  new product or service introduction. 
C)  late deliveries. 
D)  engineering changes.

Question 9

It is recommended that a firm in a responsive supply chain have

Accepted Answer

A)  volume flexibility. 
B)  flexible quality policy. 
C)  standardized product. 
D)  low-capacity cushion. 
A)  volume flexibility. 
B)  flexible quality policy. 
C)  standardized product. 
D)  low-capacity cushion.

Question 10

The type of goods for which efficient supply chain is appropriate is

Accepted Answer

A)  high product cost. 
B)  frequent design changes. 
C)  high contribution margin. 
D)  standardized products. 
A)  high product cost. 
B)  frequent design changes. 
C)  high contribution margin. 
D)  standardized products.

Question 11

In terms of the decision of where to locate inventory within the supply chain,explain what inventory pooling and forward placement of inventory mean.

Accepted Answer

Inventory pooling is a reduction in inve

Question 12

Which one of the following statements regarding supplier selection criteria is TRUE?

Accepted Answer

A)  Suppliers should be selected on the basis of price only because the cost of materials is a significant portion of total product cost. 
B)  Suppliers should be selected on the basis of quality, price, and delivery. 
C)  Suppliers should be selected primarily on the basis of the shortest lead time because higher lead time increases the cost of inventory. 
D)  Suppliers should be selected on the basis of quality because quality is always the most important characteristic of a product. 
A)  Suppliers should be selected on the basis of price only because the cost of materials is a significant portion of total product cost. 
B)  Suppliers should be selected on the basis of quality, price, and delivery. 
C)  Suppliers should be selected primarily on the basis of the shortest lead time because higher lead time increases the cost of inventory. 
D)  Suppliers should be selected on the basis of quality because quality is always the most important characteristic of a product.

Question 13

Efficient supply chain would be preferred when

Accepted Answer

A)  product variety is high. 
B)  competitive priority is customization. 
C)  demand is highly predictable. 
D)  demand is unpredictable. 
A)  product variety is high. 
B)  competitive priority is customization. 
C)  demand is highly predictable. 
D)  demand is unpredictable.

Question 14

What term do we use for a company arranging payments to suppliers and distributors to provide needed services and materials in order to perform those processes the organization does not perform itself?

Accepted Answer

A)  backward integration 
B)  forward integration 
C)  outsourcing 
D)  system design 
A)  backward integration 
B)  forward integration 
C)  outsourcing 
D)  system design

Question 15

The tactic of packing products on incoming shipments so that they can be easily sorted and shipped out of intermediate warehouses in a supply chain is referred to as

Accepted Answer

A)  channel assembly. 
B)  cross docking. 
C)  vendor managed inventory. 
D)  inventoried pooling. 
A)  channel assembly. 
B)  cross docking. 
C)  vendor managed inventory. 
D)  inventoried pooling.

Question 16

Efficient supply chains work best when product variety is low.

Accepted Answer

A) True 
 B)False

Question 17

________ is an important point of contact between the firm and its customers.

Accepted Answer

The answer of ________ is an important point of contact...

Question 18

Forward placement means locating stock closer to the manufacturing facility.

Accepted Answer

A) True 
 B)False

Question 19

________ is the management of the acquisition process,which includes deciding which suppliers to use,negotiating contracts,and deciding whether to buy locally.

Accepted Answer

The answer of ________ is the management of the acquisition...

Question 20

The customer relationship process addresses the interface between the supplier and its customers downstream in the supply chain.

Accepted Answer

A) True 
 B)False

Exam 2: Supply Chain Management

List the reasons for making in the make-or-buy decision.

The general tendency toward increasing variation in demand and inventory levels as we move further away from the end customer in the supply chain is referred to as

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

Which location movement would fall under forward placement?

The practice of having the supplier monitor inventory levels at its customer and replenishing the stock as needed to avoid shortages is referred to as

A common disruption of the external supply chain is engineering changes.

The new service/product development process begins with the old item and ends with the launch of the new offering.

One source of disruption caused by the external supply chain is

It is recommended that a firm in a responsive supply chain have

The type of goods for which efficient supply chain is appropriate is

In terms of the decision of where to locate inventory within the supply chain,explain what inventory pooling and forward placement of inventory mean.

Which one of the following statements regarding supplier selection criteria is TRUE?

Efficient supply chain would be preferred when

What term do we use for a company arranging payments to suppliers and distributors to provide needed services and materials in order to perform those processes the organization does not perform itself?

The tactic of packing products on incoming shipments so that they can be easily sorted and shipped out of intermediate warehouses in a supply chain is referred to as

Efficient supply chains work best when product variety is low.

________ is an important point of contact between the firm and its customers.

Forward placement means locating stock closer to the manufacturing facility.

________ is the management of the acquisition process,which includes deciding which suppliers to use,negotiating contracts,and deciding whether to buy locally.

The customer relationship process addresses the interface between the supplier and its customers downstream in the supply chain.

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