Question 1

In the consumer packaged goods industry, the benchmark firms tend to have ________.

Accepted Answer

A)  low order fill rate 
B)  long order fulfillment lead time 
C)  short cash-to-cash cycle time 
D)  high inventory days of supply 
E)  low service levels 
A)  low order fill rate 
B)  long order fulfillment lead time 
C)  short cash-to-cash cycle time 
D)  high inventory days of supply 
E)  low service levels C

Question 2

________ management focuses on the outbound flow of products.

Accepted Answer

Distribution

Question 3

Designing distribution networks to meet customer expectations suggests three criteria: (1) rapid response, (2) cost, and (3) service.

Accepted Answer

A) True 
 B)False  False

Question 4

Drop shipping results in time and shipping cost savings.

Accepted Answer

A) True 
 B)False

Question 5

Local optimization, incentives, and large lots all contribute to ________ about what is really occurring in the supply chain.

Accepted Answer

distortion

Question 6

Which of the following is NOT an advantage of a virtual company?

Accepted Answer

A)  speed 
B)  total control over every aspect of the organization 
C)  specialized management expertise 
D)  low capital investment 
E)  flexibility 
A)  speed 
B)  total control over every aspect of the organization 
C)  specialized management expertise 
D)  low capital investment 
E)  flexibility

Question 7

The objective of the make-or-buy decision is to help identify the products and services that can be obtained externally.

Accepted Answer

A) True 
 B)False

Question 8

Why is channel assembly popular in the personal computer industry?

Accepted Answer

Channel assembly is popular in the perso

Question 9

Describe vendor-managed inventory (VMI). How is it related to outsourcing? Cite an example from your experiences as a shopper.

Accepted Answer

In vendor-managed inventory, the supplie

Question 10

Of the four stages of supplier selection, the stage at which the factor weighting approach would be used is ________.

Accepted Answer

The answer of Of the four stages of supplier selection,...

Question 11

Long-term "partnering" relationships are one of the main goals of the "many suppliers" sourcing strategy.

Accepted Answer

A) True 
 B)False

Question 12

Identify the advantages and disadvantages of using the "few suppliers" sourcing strategy.

Accepted Answer

Advantages: long-term suppliers are more

Question 13

The ________ is a set of processes, metrics, and best practices developed by the Supply Chain Council.

Accepted Answer

Supply Chain Operati

Question 14

A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors. This is an example of which of the following?

Accepted Answer

A)  horizontal integration 
B)  forward integration 
C)  backward integration 
D)  current transformation 
E)  keiretsu 
A)  horizontal integration 
B)  forward integration 
C)  backward integration 
D)  current transformation 
E)  keiretsu

Question 15

A fast-food retailer that acquired a spice manufacturer would be practicing forward integration.

Accepted Answer

A) True 
 B)False

Question 16

________ postpones final assembly of a product so the distribution channel can assemble it.

Accepted Answer

The answer of ________ postpones final assembly of a product...

Question 17

What are the four stages of supplier selection?

Accepted Answer

A)  supplier evaluation, supplier development, negotiations, and contracting 
B)  supplier evaluation, negotiations, supplier acquisition, and supplier development 
C)  introduction, growth, maturity, and decline 
D)  supplier evaluation, supplier development, negotiations, and centralized purchasing 
E)  negotiations, contracting, centralized purchasing, and E-procurement 
A)  supplier evaluation, supplier development, negotiations, and contracting 
B)  supplier evaluation, negotiations, supplier acquisition, and supplier development 
C)  introduction, growth, maturity, and decline 
D)  supplier evaluation, supplier development, negotiations, and centralized purchasing 
E)  negotiations, contracting, centralized purchasing, and E-procurement

Question 18

Of all areas of the organization, why is the supply chain especially vulnerable to ethical lapses?

Accepted Answer

The supply chain offers more opportuniti

Question 19

Identify and describe briefly the six sourcing strategies.

Accepted Answer

1. With the many suppliers strategy, a s

Question 20

What is e-procurement?

Accepted Answer

Purchasing

Exam 10: Supply Chain Management

In the consumer packaged goods industry, the benchmark firms tend to have ________.

________ management focuses on the outbound flow of products.

Designing distribution networks to meet customer expectations suggests three criteria: (1) rapid response, (2) cost, and (3) service.

Drop shipping results in time and shipping cost savings.

Local optimization, incentives, and large lots all contribute to ________ about what is really occurring in the supply chain.

Which of the following is NOT an advantage of a virtual company?

The objective of the make-or-buy decision is to help identify the products and services that can be obtained externally.

Why is channel assembly popular in the personal computer industry?

Describe vendor-managed inventory (VMI). How is it related to outsourcing? Cite an example from your experiences as a shopper.

Of the four stages of supplier selection, the stage at which the factor weighting approach would be used is ________.

Long-term "partnering" relationships are one of the main goals of the "many suppliers" sourcing strategy.

Identify the advantages and disadvantages of using the "few suppliers" sourcing strategy.

The ________ is a set of processes, metrics, and best practices developed by the Supply Chain Council.

A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors. This is an example of which of the following?

A fast-food retailer that acquired a spice manufacturer would be practicing forward integration.

________ postpones final assembly of a product so the distribution channel can assemble it.

What are the four stages of supplier selection?

Of all areas of the organization, why is the supply chain especially vulnerable to ethical lapses?

Identify and describe briefly the six sourcing strategies.

What is e-procurement?

Operations and Productivity

Operations Strategy in a Global Environment

Project Management

Forecasting

Design of Goods and Services

Managing Quality

Process Strategies

Location Strategies

Human Resources, Job Design, and Work Measurement

Inventory Management

Aggregate Planning and Sop

Material Requirements Planning Mrp and Erp

Short-Term Scheduling

Lean Operations

Maintenance and Reliability

Decision-Making Tools

Linear Programming

Transportation Models

Waiting-Line Models

Learning Curves

Simulation

Applying Analytics to Big Data in Operations Management

Filters