Question 1

The order fulfillment process produces and delivers the service or product to the firm's customers.

Accepted Answer

A) True 
 B)False

Question 2

Responsive supply chains would be preferred when

Accepted Answer

A)  contribution margins are low. 
B)  product variety is high. 
C)  product variety is low. 
D)  demand is predictable. 
A)  contribution margins are low. 
B)  product variety is high. 
C)  product variety is low. 
D)  demand is predictable.

Question 3

Which one of the following statements about the relation between financial and supply chain performance measures is TRUE?

Accepted Answer

A)  Lower aggregate inventory value means higher current assets. 
B)  Longer delivery times require higher levels of working capital. 
C)  Higher inventory turns call for higher working capital requirement. 
D)  Shorter new product development time decreases revenue. 
A)  Lower aggregate inventory value means higher current assets. 
B)  Longer delivery times require higher levels of working capital. 
C)  Higher inventory turns call for higher working capital requirement. 
D)  Shorter new product development time decreases revenue.

Question 4

Describe the weeks of supply measure.

Accepted Answer

An inventory measure obtained

Question 5

A cooperative orientation to supplier relations views negotiations between buyer and seller as a zero- sum game.

Accepted Answer

A) True 
 B)False

Question 6

______ is a stock of material used to satisfy customer demand or support the production of goods and services.

Accepted Answer

The answer of ______ is a stock of material used...

Question 7

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

Accepted Answer

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

Question 8

Inventory is a stock of material used to satisfy customer demand or support the production of goods and services.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following statements does NOT represent a positive link between supply chain performance and the financial status of a firm?

Accepted Answer

A)  Lowering the cost of purchased materials reduces the level of working capital required and has a positive impact on the contribution margin. 
B)  Reduced inventory levels result in an increase in the percentage of partial orders shipped and an increased inventory turnover ratio. 
C)  Reducing supplier lead times reduces the level of working capital required. 
D)  Percentage of orders shipped on time reduces the level of working capital required and supports increased sales. 
A)  Lowering the cost of purchased materials reduces the level of working capital required and has a positive impact on the contribution margin. 
B)  Reduced inventory levels result in an increase in the percentage of partial orders shipped and an increased inventory turnover ratio. 
C)  Reducing supplier lead times reduces the level of working capital required. 
D)  Percentage of orders shipped on time reduces the level of working capital required and supports increased sales.

Question 10

Describe presourcing.

Accepted Answer

A level of supplier involvement in which

The order fulfillment process produces and delivers the service or product to the firm's customers.

Responsive supply chains would be preferred when

Which one of the following statements about the relation between financial and supply chain performance measures is TRUE?

Describe the weeks of supply measure.

A cooperative orientation to supplier relations views negotiations between buyer and seller as a zero- sum game.

______ is a stock of material used to satisfy customer demand or support the production of goods and services.

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

Inventory is a stock of material used to satisfy customer demand or support the production of goods and services.

Which of the following statements does NOT represent a positive link between supply chain performance and the financial status of a firm?

Describe presourcing.

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

The order fulfillment process produces and delivers the service or product to the firm's customers.

Responsive supply chains would be preferred when

Which one of the following statements about the relation between financial and supply chain performance measures is TRUE?

Describe the weeks of supply measure.

A cooperative orientation to supplier relations views negotiations between buyer and seller as a zero- sum game.

______ is a stock of material used to satisfy customer demand or support the production of goods and services.

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

Inventory is a stock of material used to satisfy customer demand or support the production of goods and services.

Which of the following statements does NOT represent a positive link between supply chain performance and the financial status of a firm?

Describe presourcing.

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