Question 1

Virtual companies are also known as ________.

Accepted Answer

hollow cor

Question 2

________ involves delaying any modifications or customization to the product as long as possible in the production process.

Accepted Answer

The answer of ________ involves delaying any modifications or customization...

Question 3

Designing distribution networks to meet customer expectations suggests what three criteria?

Accepted Answer

A)  rapid response, service, and cost 
B)  rapid response, product choice, and service 
C)  product choice, cost, and service 
D)  cost, process choice, and service 
E)  rapid response, cost, and process choice 
A)  rapid response, service, and cost 
B)  rapid response, product choice, and service 
C)  product choice, cost, and service 
D)  cost, process choice, and service 
E)  rapid response, cost, and process choice

Question 4

By which distribution system is more than 90 percent of U.S. coal shipped?

Accepted Answer

A)  railroads 
B)  trucks 
C)  waterways 
D)  pipelines 
E)  none of these 
A)  railroads 
B)  trucks 
C)  waterways 
D)  pipelines 
E)  none of these

Question 5

________ involves reducing the number of variations in materials and components as an aid to cost management.

Accepted Answer

The answer of ________ involves reducing the number of variations...

Question 6

The ________ decision involves choosing between producing a component or a service internally and purchasing it externally.

Accepted Answer

The answer of The ________ decision involves choosing between producing...

Question 7

Which of the following statements is TRUE regarding the leverage of supply chain savings?

Accepted Answer

A)  Supply chain leverage is about the same for all industries. 
B)  Supply chain savings exert more leverage as the firm's purchases are a smaller percent of sales. 
C)  Supply chain savings exert more leverage as the firm's net profit margin decreases. 
D)  Supply chain leverage depends only upon the percent of sales spent in the supply chain. 
E)  None of these is true. 
A)  Supply chain leverage is about the same for all industries. 
B)  Supply chain savings exert more leverage as the firm's purchases are a smaller percent of sales. 
C)  Supply chain savings exert more leverage as the firm's net profit margin decreases. 
D)  Supply chain leverage depends only upon the percent of sales spent in the supply chain. 
E)  None of these is true.

Question 8

A fried chicken fast-food chain that acquired feed mills and poultry farms has performed which of the following?

Accepted Answer

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

Question 9

The three major logistics-related costs are inventory costs, transportation costs, and ________ costs.

Accepted Answer

The answer of The three major logistics-related costs are inventory...

Question 10

If a business adopts a low-cost strategy, it should build a supply chain with ________.

Accepted Answer

A)  product development skills 
B)  modular design in products 
C)  fast transportation 
D)  buffer stock 
E)  minimized inventory 
A)  product development skills 
B)  modular design in products 
C)  fast transportation 
D)  buffer stock 
E)  minimized inventory

Question 11

Operations managers are finding online auctions a fertile area for disposing of discontinued inventory.

Accepted Answer

A) True 
 B)False

Question 12

Identify three specific measures that indicate how well assets are utilized. What are the formulas for each measure?

Accepted Answer

Percentage invested in inventory = (Aver

Question 13

Which of the following is NOT a primary supplier selection criterion for a firm pursuing a response strategy?

Accepted Answer

A)  flexibility 
B)  cost 
C)  capacity 
D)  speed 
E)  All of these are primary supplier selection criteria for the firm. 
A)  flexibility 
B)  cost 
C)  capacity 
D)  speed 
E)  All of these are primary supplier selection criteria for the firm.

Question 14

As the number of facilities increases, total logistics costs tend to follow a curve that first declines, then rises. Why?

Accepted Answer

A)  Transportation and inventory costs first decline steeply, then rise, while facility costs always rise. 
B)  Transportation costs always decline, but eventually the rise in facility and inventory costs outweigh the declining transportation costs. 
C)  Facility costs first decline steeply, then rise, while transportation and inventory costs always rise. 
D)  Transportation costs first decline steeply, then rise, while facility and inventory costs always rise. 
E)  Inventory costs first decline steeply, then rise, while transportation and facility costs always rise. 
A)  Transportation and inventory costs first decline steeply, then rise, while facility costs always rise. 
B)  Transportation costs always decline, but eventually the rise in facility and inventory costs outweigh the declining transportation costs. 
C)  Facility costs first decline steeply, then rise, while transportation and inventory costs always rise. 
D)  Transportation costs first decline steeply, then rise, while facility and inventory costs always rise. 
E)  Inventory costs first decline steeply, then rise, while transportation and facility costs always rise.

Question 15

How does the pursuit of a response strategy impact the supply chain decisions of: (1) primary supplier selection criteria, (2) supply chain inventory, (3) distribution network, and (4) product design characteristics?

Accepted Answer

(1) Suppliers should be selected primari

Question 16

________ describes the coordination of all supply chain activities, starting with raw materials and ending with a satisfied customer.

Accepted Answer

Supply cha

Question 17

As the number of facilities in a distribution network increases, total logistics costs tend to follow a curve that first declines, then rises.

Accepted Answer

A) True 
 B)False

Question 18

A company is deciding where to assign its summer intern. The manager estimates that the intern can save the company $8,000 in supply chain costs. Given the table below, what increase in sales (revenue) by the intern is required to show an equal profit?

Accepted Answer

Additional sales would increase costs by

Exam 10: Supply Chain Management

Virtual companies are also known as ________.

________ involves delaying any modifications or customization to the product as long as possible in the production process.

Designing distribution networks to meet customer expectations suggests what three criteria?

By which distribution system is more than 90 percent of U.S. coal shipped?

________ involves reducing the number of variations in materials and components as an aid to cost management.

The ________ decision involves choosing between producing a component or a service internally and purchasing it externally.

Which of the following statements is TRUE regarding the leverage of supply chain savings?

A fried chicken fast-food chain that acquired feed mills and poultry farms has performed which of the following?

The three major logistics-related costs are inventory costs, transportation costs, and ________ costs.

If a business adopts a low-cost strategy, it should build a supply chain with ________.

Operations managers are finding online auctions a fertile area for disposing of discontinued inventory.

Identify three specific measures that indicate how well assets are utilized. What are the formulas for each measure?

Which of the following is NOT a primary supplier selection criterion for a firm pursuing a response strategy?

As the number of facilities increases, total logistics costs tend to follow a curve that first declines, then rises. Why?

How does the pursuit of a response strategy impact the supply chain decisions of: (1) primary supplier selection criteria, (2) supply chain inventory, (3) distribution network, and (4) product design characteristics?

________ describes the coordination of all supply chain activities, starting with raw materials and ending with a satisfied customer.

As the number of facilities in a distribution network increases, total logistics costs tend to follow a curve that first declines, then rises.

A company is deciding where to assign its summer intern. The manager estimates that the intern can save the company $8,000 in supply chain costs. Given the table below, what increase in sales (revenue) by the intern is required to show an equal profit?

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