Question 1

Electronic data interchange and Internet links decrease the velocity of supply chains.

Accepted Answer

A) True 
 B)False

Question 2

A high average inventory value reduces the chances of inventory obsolescence.

Accepted Answer

A) True 
 B)False

Question 3

__________is inventory that has been ordered but is in transit.

Accepted Answer

A)  Pipeline inventory 
B)  Decoupling inventory 
C)  Buffer inventory 
D)  Anticipation inventory 
A)  Pipeline inventory 
B)  Decoupling inventory 
C)  Buffer inventory 
D)  Anticipation inventory

Question 4

Speedex, an automobile company, has an annual sales volume of $3 million, cost of goods sold equal to $2 million, total average on-hand inventory of $600,000, and 150 operating days in a year. What is the daily revenue earned by the company?

Accepted Answer

A)  $10,000 
B)  $20,000 
C)  $30,000 
D)  $40,000 
A)  $10,000 
B)  $20,000 
C)  $30,000 
D)  $40,000

Question 5

If an online retail store has cost of goods sold equal to $2 million, has 200 operating days in a year, and has a total average on-hand inventory of $500,000, the cost of goods sold per day is _____.

Accepted Answer

A)  $2,500 
B)  $15,000 
C)  $7,500 
D)  $10,000 
A)  $2,500 
B)  $15,000 
C)  $7,500 
D)  $10,000

Electronic data interchange and Internet links decrease the velocity of supply chains.

A high average inventory value reduces the chances of inventory obsolescence.

__________is inventory that has been ordered but is in transit.

Speedex, an automobile company, has an annual sales volume of $3 million, cost of goods sold equal to $2 million, total average on-hand inventory of $600,000, and 150 operating days in a year. What is the daily revenue earned by the company?

If an online retail store has cost of goods sold equal to $2 million, has 200 operating days in a year, and has a total average on-hand inventory of $500,000, the cost of goods sold per day is _____.

Operations Management and Value Chains

Measuring Performance in Operations and Value Chains

Operations Strategy

Technology and Operations Management

Goods and Service Design

Supply Chain Design

Process Selection, Design, and Analysis

Facility and Work Design

Forecasting and Demand Planning

Capacity Management

Managing Inventories in Supply Chains

Resource Management

Operations Scheduling and Sequencing

Quality Management

Quality Control and SPC

Lean Operating Systems

Project Management

Filters

Exam 12: Supply Chain Management and Logistics

Electronic data interchange and Internet links decrease the velocity of supply chains.

A high average inventory value reduces the chances of inventory obsolescence.

__________is inventory that has been ordered but is in transit.

Speedex, an automobile company, has an annual sales volume of $3 million, cost of goods sold equal to $2 million, total average on-hand inventory of $600,000, and 150 operating days in a year. What is the daily revenue earned by the company?

If an online retail store has cost of goods sold equal to $2 million, has 200 operating days in a year, and has a total average on-hand inventory of $500,000, the cost of goods sold per day is _____.

Operations Management and Value Chains

Measuring Performance in Operations and Value Chains

Operations Strategy

Technology and Operations Management

Goods and Service Design

Supply Chain Design

Process Selection, Design, and Analysis

Facility and Work Design

Forecasting and Demand Planning

Capacity Management

Managing Inventories in Supply Chains

Resource Management

Operations Scheduling and Sequencing

Quality Management

Quality Control and SPC

Lean Operating Systems

Project Management

Filters