Question 1

Local optimization is a supply-chain complication best described as:

Accepted Answer

A)  optimizing one's local area without full knowledge of supply chain needs. 
B)  obtaining very high production efficiency in a decentralized supply chain. 
C)  the prerequisite of global optimization. 
D)  the result of supply chains built on suppliers with compatible corporate cultures. 
E)  the opposite of the bullwhip effect. 
A)  optimizing one's local area without full knowledge of supply chain needs. 
B)  obtaining very high production efficiency in a decentralized supply chain. 
C)  the prerequisite of global optimization. 
D)  the result of supply chains built on suppliers with compatible corporate cultures. 
E)  the opposite of the bullwhip effect.

Question 2

For which corporate strategy(ies) should supply chain inventory be minimized?

Accepted Answer

A)  low cost 
B)  response 
C)  differentiation 
D)  low cost and response 
E)  low cost and differentiation 
A)  low cost 
B)  response 
C)  differentiation 
D)  low cost and response 
E)  low cost and differentiation

Question 3

A blanket order is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.

Accepted Answer

A) True 
 B)False

Question 4

Even though a firm may have a low cost strategy, supply-chain strategy can select suppliers primarily on response or differentiation.

Accepted Answer

A) True 
 B)False

Question 5

What type of negotiating strategy requires the supplier to open its books to the purchasers?

Accepted Answer

A)  cost-based price model 
B)  market-based price model 
C)  competitive bidding 
D)  price-based model 
E)  transparent negotiations 
A)  cost-based price model 
B)  market-based price model 
C)  competitive bidding 
D)  price-based model 
E)  transparent negotiations

Question 6

________ is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.

Accepted Answer

Vertical i

Question 7

________ is the process of sending returned products back up the supply chain for value recovery or disposal.

Accepted Answer

The answer of ________ is the process of sending returned...

Question 8

In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?

Accepted Answer

A)  traditional 
B)  buyer 
C)  Dutch 
D)  French 
E)  Mexican 
A)  traditional 
B)  buyer 
C)  Dutch 
D)  French 
E)  Mexican

Question 9

Identify the ten opportunities in managing the integrated supply chain.

Accepted Answer

(1) accurate "pull" data; (2) lot size r

Question 10

________ describes using one supplier for a component and a second supplier for another component, where each supplier acts as a backup for the other.

Accepted Answer

The answer of ________ describes using one supplier for a...

Question 11

Top-notch supply chain performance requires more downstream management than upstream.

Accepted Answer

A) True 
 B)False

Question 12

Waterways are an attractive distribution system when speed is more important than shipping cost.

Accepted Answer

A) True 
 B)False

Question 13

Among which of the following industries are purchasing costs the LOWEST percentage of sales?

Accepted Answer

A)  automobile 
B)  petroleum 
C)  restaurants 
D)  lumber 
E)  chemical 
A)  automobile 
B)  petroleum 
C)  restaurants 
D)  lumber 
E)  chemical

Question 14

Which one of the following is NOT one of the six sourcing strategies?

Accepted Answer

A)  negotiation with many suppliers 
B)  vertical integration 
C)  keiretsu 
D)  short-term relationships with few suppliers 
E)  virtual companies 
A)  negotiation with many suppliers 
B)  vertical integration 
C)  keiretsu 
D)  short-term relationships with few suppliers 
E)  virtual companies

Question 15

Which of the following is a primary supplier selection criterion for a firm pursuing a differentiation strategy?

Accepted Answer

A)  product development skills 
B)  cost 
C)  capacity 
D)  speed 
E)  flexibility 
A)  product development skills 
B)  cost 
C)  capacity 
D)  speed 
E)  flexibility

Question 16

As the corporate and operations management strategies vary from low cost to response to differentiation, how does this impact the criteria used for selecting suppliers?

Accepted Answer

The supply chain must support the operat

Question 17

The supply chain management opportunity called postponement involves delaying deliveries to avoid accumulation of inventory at the customer's site.

Accepted Answer

A) True 
 B)False

Question 18

The ________ is an organization that has developed principles and standards for ethical supply management conduct.

Accepted Answer

Institute

Question 19

Which of the following is TRUE regarding Red Lobster and its supply channels?

Accepted Answer

A)  It sources its food only from suppliers in the U.S. and Canada. 
B)  92% of its supply channels require supplier qualification and have product tracking. 
C)  It employs just-in-time delivery. 
D)  A total quality team is appointed after a supplier is qualified to sell to Red Lobster. 
E)  Red Lobster is the world's second largest seafood restaurant company. 
A)  It sources its food only from suppliers in the U.S. and Canada. 
B)  92% of its supply channels require supplier qualification and have product tracking. 
C)  It employs just-in-time delivery. 
D)  A total quality team is appointed after a supplier is qualified to sell to Red Lobster. 
E)  Red Lobster is the world's second largest seafood restaurant company.

Question 20

Use of a diversified supply base represents one of the most common supply chain risk reduction tactics for several different supply chain risk categories.

Accepted Answer

A) True 
 B)False

Exam 10: Supply Chain Management

Local optimization is a supply-chain complication best described as:

For which corporate strategy(ies) should supply chain inventory be minimized?

A blanket order is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.

Even though a firm may have a low cost strategy, supply-chain strategy can select suppliers primarily on response or differentiation.

What type of negotiating strategy requires the supplier to open its books to the purchasers?

________ is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.

________ is the process of sending returned products back up the supply chain for value recovery or disposal.

In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?

Identify the ten opportunities in managing the integrated supply chain.

________ describes using one supplier for a component and a second supplier for another component, where each supplier acts as a backup for the other.

Top-notch supply chain performance requires more downstream management than upstream.

Waterways are an attractive distribution system when speed is more important than shipping cost.

Among which of the following industries are purchasing costs the LOWEST percentage of sales?

Which one of the following is NOT one of the six sourcing strategies?

Which of the following is a primary supplier selection criterion for a firm pursuing a differentiation strategy?

As the corporate and operations management strategies vary from low cost to response to differentiation, how does this impact the criteria used for selecting suppliers?

The supply chain management opportunity called postponement involves delaying deliveries to avoid accumulation of inventory at the customer's site.

The ________ is an organization that has developed principles and standards for ethical supply management conduct.

Which of the following is TRUE regarding Red Lobster and its supply channels?

Use of a diversified supply base represents one of the most common supply chain risk reduction tactics for several different supply chain risk categories.

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