Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

______ seeks to synchronize a firm's processes and those of its suppliers to match the flow of materials, services, and information with customer demand.

Accepted Answer

Supply- ch

Question 3

Rome Corporation is a supplier of ball bearings. Because of the specialized manufacturing process employed, considerable work- in- process and raw material inventories are created. The current inventory levels are
$1,500,000 and $3,775,000, respectively. In addition, finished goods inventory is $3,500,000, and sales (at cost) for the current year are expected to be about $28 million. Assume they operate 50 week per year.
a. What is their total inventory (measured as weeks of supply)?
b. What is their inventory turnover?

Accepted Answer

a. Weeks of supply = average aggregate i

Question 4

The average inventory comprising raw materials, work- in- process, and finished goods, was found to be $18.4 million last year. If the cost of goods sold per week averaged $1.12 million. Assume the company had 50 working weeks per year.
a. What is their total inventory (measured as weeks of supply)?
b. What is their inventory turnover?

Accepted Answer

a. Weeks of supply = average aggregate i

Question 5

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

Accepted Answer

supplier r

Question 6

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

Accepted Answer

A)  bullwhip effect. 
B)  forward placement. 
C)  inventory pooling. 
D)  postponement. 
A)  bullwhip effect. 
B)  forward placement. 
C)  inventory pooling. 
D)  postponement.

Question 7

Forward placement is a reduction in inventory and safety stock because of the merging of variable demands from customers.

Accepted Answer

A) True 
 B)False

Question 8

Internal and external disruptions in the supply chain typically result in higher variability as you move upstream in the supply chain.

Accepted Answer

A) True 
 B)False

Question 9

______ are inventories needed for the production of goods and services; they are considered the inputs to the transformation process.

Accepted Answer

The answer of ______ are inventories needed for the production...

Question 10

______ involves locating the stock closer to customers at a warehouse, distribution center, or retailer.

Accepted Answer

The answer of ______ involves locating the stock closer to...

Question 11

Sole sourcing is the awarding of a contract for an item or service to only one supplier.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A)  it will discourage the competitors to enter the market. 
B)  it helps accounting to debit customer's accounts promptly. 
C)  increased on- time delivery increases revenue by inducing customers to buy more products from the firm. 
D)  it measures the satisfaction levels of suppliers. 
A)  it will discourage the competitors to enter the market. 
B)  it helps accounting to debit customer's accounts promptly. 
C)  increased on- time delivery increases revenue by inducing customers to buy more products from the firm. 
D)  it measures the satisfaction levels of suppliers.

Question 13

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 14

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

Accepted Answer

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

Question 15

The ______ process involves the activities required to deliver a product or service to a customer.

Accepted Answer

The answer of The ______ process involves the activities required...

Question 16

One source of disruption caused by the external supply chain is

Accepted Answer

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

Question 17

In presourcing, suppliers are selected early in the concept development stage.

Accepted Answer

A) True 
 B)False

Question 18

The ______ process addresses the interface between the firm and its customers
downstream in the supply chain.

Accepted Answer

customer r

Question 19

Vendor- managed inventories are an example of the forward placement tactic.

Accepted Answer

A) True 
 B)False

Question 20

Purchasing power determines the clout that a firm has.

Accepted Answer

A) True 
 B)False

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

______ seeks to synchronize a firm's processes and those of its suppliers to match the flow of materials, services, and information with customer demand.

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

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

Forward placement is a reduction in inventory and safety stock because of the merging of variable demands from customers.

Internal and external disruptions in the supply chain typically result in higher variability as you move upstream in the supply chain.

______ are inventories needed for the production of goods and services; they are considered the inputs to the transformation process.

______ involves locating the stock closer to customers at a warehouse, distribution center, or retailer.

Sole sourcing is the awarding of a contract for an item or service to only one supplier.

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

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.

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

The ______ process involves the activities required to deliver a product or service to a customer.

One source of disruption caused by the external supply chain is

In presourcing, suppliers are selected early in the concept development stage.

The ______ process addresses the interface between the firm and its customers downstream in the supply chain.

Vendor- managed inventories are an example of the forward placement tactic.

Purchasing power determines the clout that a firm has.

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

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

______ seeks to synchronize a firm's processes and those of its suppliers to match the flow of materials, services, and information with customer demand.

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

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

Forward placement is a reduction in inventory and safety stock because of the merging of variable demands from customers.

Internal and external disruptions in the supply chain typically result in higher variability as you move upstream in the supply chain.

______ are inventories needed for the production of goods and services; they are considered the inputs to the transformation process.

______ involves locating the stock closer to customers at a warehouse, distribution center, or retailer.

Sole sourcing is the awarding of a contract for an item or service to only one supplier.

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

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.

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

The ______ process involves the activities required to deliver a product or service to a customer.

One source of disruption caused by the external supply chain is

In presourcing, suppliers are selected early in the concept development stage.

The ______ process addresses the interface between the firm and its customers downstream in the supply chain.

Vendor- managed inventories are an example of the forward placement tactic.

Purchasing power determines the clout that a firm has.

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