Question 1

Make- to- stock firms tend to use the postponement tactic.

Accepted Answer

A) True 
 B)False

Question 2

It is desirable for a firm in the higher echelon of an efficient supply chain to have

Accepted Answer

A)  delivery by air. 
B)  high inventory investment. 
C)  high- capacity cushions. 
D)  a line flow process. 
A)  delivery by air. 
B)  high inventory investment. 
C)  high- capacity cushions. 
D)  a line flow process.

Question 3

Regarding the supplier relationship, name four supply chain process measures.

Accepted Answer

percentage of suppliers delive

Question 4

Possible causes of disruption due to internal supply chain are

Accepted Answer

A)  underfilled shipments. 
B)  product and service mix changes. 
C)  machine breakdowns or inexperienced workers. 
D)  late deliveries. 
A)  underfilled shipments. 
B)  product and service mix changes. 
C)  machine breakdowns or inexperienced workers. 
D)  late deliveries.

Question 5

Inventory turnover is obtained by dividing the average aggregate inventory value by sales per week at cost.

Accepted Answer

A) True 
 B)False

Question 6

______ is the total of all items held in inventory for a firm.

Accepted Answer

Average ag

Question 7

Which one of the following statements is TRUE?

Accepted Answer

A)  Single sourcing is always desirable for high demand items. 
B)  A buying firm should always adopt a competitive orientation for a standard item with high demand. 
C)  Long- term contracts are consistent with a cooperative orientation to supplier relationships. 
D)  The buyer always wins in a competitive orientation to supplier relationships. 
A)  Single sourcing is always desirable for high demand items. 
B)  A buying firm should always adopt a competitive orientation for a standard item with high demand. 
C)  Long- term contracts are consistent with a cooperative orientation to supplier relationships. 
D)  The buyer always wins in a competitive orientation to supplier relationships.

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Briefly state what responsive supply chains are.

Accepted Answer

Responsive supply chains focus

Question 10

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

Accepted Answer

A)  changing the mix of items in an order 
B)  sending partial shipments of an order 
C)  sending late deliveries of an order 
D)  instituting a policy of no discounts or promotion 
A)  changing the mix of items in an order 
B)  sending partial shipments of an order 
C)  sending late deliveries of an order 
D)  instituting a policy of no discounts or promotion

Question 11

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?

Accepted Answer

a. Weeks of supply = average aggregate i

Question 12

Discuss the trade- offs with locating the inventory at the factory versus locating it closer to the customer at a warehouse, distribution center, wholesaler, or retailers.

Accepted Answer

Locating inventory at a company's factor

Question 13

Explain what the technique of cross- docking involves.

Accepted Answer

Cross- docking is the packing of product

Question 14

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 15

______ is an inventory measure obtained by dividing the average aggregate inventory value by sales per week at cost.

Accepted Answer

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

Question 16

What is the value analysis and what are some of the questions that value analysis may answer?

Accepted Answer

Value analysis is an organized team effo

Question 17

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

Accepted Answer

Electronic data interchange or EDI is a

Question 18

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

Accepted Answer

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

Question 19

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

Question 20

Acme Corp averages $15 million worth of inventory in all of its worldwide locations. The enterprise operates 51 weeks a year with each week averaging $3 million in sales (at cost). Determine the inventory turnover.

Accepted Answer

A)  5 turns 
B)  19 turns 
C)  1.13 turns 
D)  10.2 turns 
A)  5 turns 
B)  19 turns 
C)  1.13 turns 
D)  10.2 turns

Make- to- stock firms tend to use the postponement tactic.

It is desirable for a firm in the higher echelon of an efficient supply chain to have

Regarding the supplier relationship, name four supply chain process measures.

Possible causes of disruption due to internal supply chain are

Inventory turnover is obtained by dividing the average aggregate inventory value by sales per week at cost.

______ is the total of all items held in inventory for a firm.

Which one of the following statements is TRUE?

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

Briefly state what responsive supply chains are.

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

Discuss the trade- offs with locating the inventory at the factory versus locating it closer to the customer at a warehouse, distribution center, wholesaler, or retailers.

Explain what the technique of cross- docking involves.

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

______ is an inventory measure obtained by dividing the average aggregate inventory value by sales per week at cost.

What is the value analysis and what are some of the questions that value analysis may answer?

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

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

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

Acme Corp averages $15 million worth of inventory in all of its worldwide locations. The enterprise operates 51 weeks a year with each week averaging $3 million in sales (at cost). Determine the inventory turnover.

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

Make- to- stock firms tend to use the postponement tactic.

It is desirable for a firm in the higher echelon of an efficient supply chain to have

Regarding the supplier relationship, name four supply chain process measures.

Possible causes of disruption due to internal supply chain are

Inventory turnover is obtained by dividing the average aggregate inventory value by sales per week at cost.

______ is the total of all items held in inventory for a firm.

Which one of the following statements is TRUE?

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

Briefly state what responsive supply chains are.

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

Discuss the trade- offs with locating the inventory at the factory versus locating it closer to the customer at a warehouse, distribution center, wholesaler, or retailers.

Explain what the technique of cross- docking involves.

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

______ is an inventory measure obtained by dividing the average aggregate inventory value by sales per week at cost.

What is the value analysis and what are some of the questions that value analysis may answer?

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

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

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

Acme Corp averages $15 million worth of inventory in all of its worldwide locations. The enterprise operates 51 weeks a year with each week averaging $3 million in sales (at cost). Determine the inventory turnover.

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