Question 1

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

Accepted Answer

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

Question 2

The basic purpose of supply chain management is to

Accepted Answer

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

Question 3

Compare and contrast efficient versus responsive supply chains.

Accepted Answer

The purpose of efficient supply chains i

Question 4

Define inventory.

Accepted Answer

Inventory if any idle resource

Question 5

Responsive supply chains work best when frequent product introduction exists.

Accepted Answer

A) True 
 B)False

Question 6

What is the order- fulfillment process?

Accepted Answer

The activities requi

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

Nonstandard items are those with no blan

Question 9

The order- fulfillment process involves the activities to deliver a product or service to the customer.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

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

Question 11

Which one of the following is TRUE for supply chain management?

Accepted Answer

A)  Supply chain includes any operation that deals with materials. 
B)  Supply chain is about suppliers and does not include distributors or customers. 
C)  Supply chain concept applies to both manufacturing and service organizations. 
D)  Supply chain applies only to manufacturing because it deals with flow of materials. 
A)  Supply chain includes any operation that deals with materials. 
B)  Supply chain is about suppliers and does not include distributors or customers. 
C)  Supply chain concept applies to both manufacturing and service organizations. 
D)  Supply chain applies only to manufacturing because it deals with flow of materials.

Question 12

Efficient supply chains use low capacity cushions.

Accepted Answer

A) True 
 B)False

Question 13

List and describe typical disruptions to the internal supply chain.

Accepted Answer

Typical disputations include internally

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Which one of the following is true for supply chain management?

Accepted Answer

A)  Supply chain applies to both manufacturing and service organizations. 
B)  Supply chain is about suppliers and does not include distributors or customers. 
C)  Supply chain includes any operation that deals with materials. 
D)  Supply chain applies only to manufacturing because it deals with flow of materials. 
A)  Supply chain applies to both manufacturing and service organizations. 
B)  Supply chain is about suppliers and does not include distributors or customers. 
C)  Supply chain includes any operation that deals with materials. 
D)  Supply chain applies only to manufacturing because it deals with flow of materials.

Question 16

Backward integration describes the practice of gaining control over supplies by acquiring a controlling interest in one or more of a company's major suppliers .

Accepted Answer

A) True 
 B)False

Question 17

For suppler relations, compare and contrast competitive orientation versus cooperative orientation.

Accepted Answer

Competitive orientation views supplier r

Question 18

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?

Accepted Answer

A)  less than or equal to 10 weeks of supply 
B)  greater than 10 but less than or equal to 12 weeks of supply 
C)  greater than 12 but less than or equal to 14 weeks of supply 
D)  greater than 14 weeks of supply 
A)  less than or equal to 10 weeks of supply 
B)  greater than 10 but less than or equal to 12 weeks of supply 
C)  greater than 12 but less than or equal to 14 weeks of supply 
D)  greater than 14 weeks of supply

Question 19

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: In addition, the cost of goods sold last year (50 weeks) was $15 million. What was the inventory turnover? Raw materi als $ \$ 2,500,000 $
W ork-in-process $ \$ 1,000,000 $
Finished goods $ \$ 800,000 $

Accepted Answer

A)  less than or equal to 2 
B)  greater than or equal to 2 but less than 3 
C)  greater than or equal to 3 but less than 4 
D)  greater than or equal to 4 
A)  less than or equal to 2 
B)  greater than or equal to 2 but less than 3 
C)  greater than or equal to 3 but less than 4 
D)  greater than or equal to 4

Question 20

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

Accepted Answer

The reasons for making in the make- or-

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

The basic purpose of supply chain management is to

Compare and contrast efficient versus responsive supply chains.

Define inventory.

Responsive supply chains work best when frequent product introduction exists.

What is the order- fulfillment process?

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

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

The order- fulfillment process involves the activities to deliver a product or service to the customer.

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

Which one of the following is TRUE for supply chain management?

Efficient supply chains use low capacity cushions.

List and describe typical disruptions to the internal supply chain.

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

Which one of the following is true for supply chain management?

Backward integration describes the practice of gaining control over supplies by acquiring a controlling interest in one or more of a company's major suppliers .

For suppler relations, compare and contrast competitive orientation versus cooperative orientation.

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

Creating Customer Value

Supply Chain Sustainability and Humanitarian Logistics

Process Configuration

Capacity

Waiting Lines

Inventory Management

Quality and Process Improvement

Lean Systems

Location and Layout

Managing Demand and Forecasting

Operations Planning and Scheduling

Resource Planning

Filters

Exam 2: Supply Chain Management

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

The basic purpose of supply chain management is to

Compare and contrast efficient versus responsive supply chains.

Define inventory.

Responsive supply chains work best when frequent product introduction exists.

What is the order- fulfillment process?

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

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

The order- fulfillment process involves the activities to deliver a product or service to the customer.

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

Which one of the following is TRUE for supply chain management?

Efficient supply chains use low capacity cushions.

List and describe typical disruptions to the internal supply chain.

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

Which one of the following is true for supply chain management?

Backward integration describes the practice of gaining control over supplies by acquiring a controlling interest in one or more of a company's major suppliers .

For suppler relations, compare and contrast competitive orientation versus cooperative orientation.

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

Creating Customer Value

Supply Chain Sustainability and Humanitarian Logistics

Process Configuration

Capacity

Waiting Lines

Inventory Management

Quality and Process Improvement

Lean Systems

Location and Layout

Managing Demand and Forecasting

Operations Planning and Scheduling

Resource Planning

Filters