Question 1

The design of the supply chain and establishing partnerships with vendors and distributors are examples of operational issues in a supply chain.

Accepted Answer

A) True 
 B)False

Question 2

In purchasing, one's only ethical obligation is to one's suppliers.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following, while desirable from some perspectives, might actually increase the risk of supply chain disruptions?
(I)fewer supply chain partners
(II)a shorter supply chain
(III)greater supply chain visibility

Accepted Answer

A) I and II only 
B) II and III only 
C) I and III only 
D) I only 
E) I, II, and III 
A) I and II only 
B) II and III only 
C) I and III only 
D) I only 
E) I, II, and III

Question 4

This enables managers to incorporate economics into outsourcing and other decisions.

Accepted Answer

A) measuring outsourcing ROI 
B) measuring distribution ROI 
C) measuring procurement ROI 
D) measuring supply chain ROI 
E) measuring inventory ROI 
A) measuring outsourcing ROI 
B) measuring distribution ROI 
C) measuring procurement ROI 
D) measuring supply chain ROI 
E) measuring inventory ROI

Question 5

Price is the primary determining factor in choosing a vendor since most products are essentially the same.

Accepted Answer

A) True 
 B)False

Question 6

E-commerce involves business-to-business (B2B)interaction only.

Accepted Answer

A) True 
 B)False

Question 7

Scheduling operations and shipping are operational responsibilities in supply chain management.

Accepted Answer

A) True 
 B)False

Question 8

Centralized or decentralized purchasing is directly related to the size of an organization.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not a measure of the reliability of the supply chain?

Accepted Answer

A) supply chain response time 
B) on-time delivery 
C) fill rate 
D) lead time variability 
E) improving e-fulfillment statistics 
A) supply chain response time 
B) on-time delivery 
C) fill rate 
D) lead time variability 
E) improving e-fulfillment statistics

Question 10

A factor that makes it desirable for business organizations to actively manage their supply chains is

Accepted Answer

A) more potential vendors. 
B) increasing globalization. 
C) downsizing. 
D) the Internet. 
E) RFIDs. 
A) more potential vendors. 
B) increasing globalization. 
C) downsizing. 
D) the Internet. 
E) RFIDs.

Question 11

Information technology is a key to integrating operations across global supply chains.

Accepted Answer

A) True 
 B)False

Question 12

In supply chain organizations, functions must operate independently of each other.

Accepted Answer

A) True 
 B)False

Question 13

The purchasing cycle begins with

Accepted Answer

A) selecting a supplier. 
B) placing an order. 
C) evaluating potential vendors. 
D) conducting a value analysis. 
E) receiving a requisition. 
A) selecting a supplier. 
B) placing an order. 
C) evaluating potential vendors. 
D) conducting a value analysis. 
E) receiving a requisition.

Question 14

Which of the following is not a benefit of effective supply chain management?

Accepted Answer

A) lower inventory costs 
B) higher productivity 
C) shorter lead times 
D) greater customer loyalty 
E) larger number of suppliers 
A) lower inventory costs 
B) higher productivity 
C) shorter lead times 
D) greater customer loyalty 
E) larger number of suppliers

Question 15

A given inventory item has a per-year holding cost of $500. One method of shipping this item is three days faster than the other, but it is $2.50 more per unit. Using the slower method would be __________ more expensive overall than using the faster method.

Accepted Answer

A) $1.08 
B) $1.16 
C) $2.37 
D) $2.73 
E) $1.61 
A) $1.08 
B) $1.16 
C) $2.37 
D) $2.73 
E) $1.61

Question 16

In e-commerce, the front-end design is significantly more important than the back-end design.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is not an application of e-business?

Accepted Answer

A) Internet buying and selling 
B) e-mail 
C) order and shipment tracking 
D) electronic data interchange (EDI) 
E) universal product codes 
A) Internet buying and selling 
B) e-mail 
C) order and shipment tracking 
D) electronic data interchange (EDI) 
E) universal product codes

Question 18

One important role of purchasing is to

Accepted Answer

A) set quality standards for purchased items from suppliers. 
B) be knowledgeable about new products from suppliers. 
C) maintain numerous sources of supply. 
D) obtain the lowest prices on all purchased items. 
E) determine the processes that should be used by suppliers. 
A) set quality standards for purchased items from suppliers. 
B) be knowledgeable about new products from suppliers. 
C) maintain numerous sources of supply. 
D) obtain the lowest prices on all purchased items. 
E) determine the processes that should be used by suppliers.

Question 19

An advantage of decentralized purchasing is the attention given to local needs.

Accepted Answer

A) True 
 B)False

Question 20

The automatic identification of material is part of/facilitated by

Accepted Answer

A) holding costs. 
B) RFID. 
C) working capital reduction. 
D) net present value calculations. 
E) vendor analysis. 
A) holding costs. 
B) RFID. 
C) working capital reduction. 
D) net present value calculations. 
E) vendor analysis.

The design of the supply chain and establishing partnerships with vendors and distributors are examples of operational issues in a supply chain.

In purchasing, one's only ethical obligation is to one's suppliers.

Which of the following, while desirable from some perspectives, might actually increase the risk of supply chain disruptions? (I)fewer supply chain partners (II)a shorter supply chain (III)greater supply chain visibility

This enables managers to incorporate economics into outsourcing and other decisions.

Price is the primary determining factor in choosing a vendor since most products are essentially the same.

E-commerce involves business-to-business (B2B)interaction only.

Scheduling operations and shipping are operational responsibilities in supply chain management.

Centralized or decentralized purchasing is directly related to the size of an organization.

Which of the following is not a measure of the reliability of the supply chain?

A factor that makes it desirable for business organizations to actively manage their supply chains is

Information technology is a key to integrating operations across global supply chains.

In supply chain organizations, functions must operate independently of each other.

The purchasing cycle begins with

Which of the following is not a benefit of effective supply chain management?

A given inventory item has a per-year holding cost of $500. One method of shipping this item is three days faster than the other, but it is $2.50 more per unit. Using the slower method would be __________ more expensive overall than using the faster method.

In e-commerce, the front-end design is significantly more important than the back-end design.

Which of the following is not an application of e-business?

One important role of purchasing is to

An advantage of decentralized purchasing is the attention given to local needs.

The automatic identification of material is part of/facilitated by

Introduction to Operations Management

Competitiveness, Strategy, and Productivity

Forecasting

Product and Service Design

Strategic Capacity Planning for Products and Services

Process Selection and Facility Layout

Work Design and Measurement

Location Planning and Analysis

Management of Quality

Quality Control

Aggregate Planning and Master Scheduling

Inventory Management

MRP and ERP

Jit and Lean Operations

Scheduling

Project Management

Management of Waiting Lines

Linear Programming

Filters

Exam 15: Supply Chain Management

The design of the supply chain and establishing partnerships with vendors and distributors are examples of operational issues in a supply chain.

In purchasing, one's only ethical obligation is to one's suppliers.

Which of the following, while desirable from some perspectives, might actually increase the risk of supply chain disruptions? (I)fewer supply chain partners (II)a shorter supply chain (III)greater supply chain visibility

This enables managers to incorporate economics into outsourcing and other decisions.

Price is the primary determining factor in choosing a vendor since most products are essentially the same.

E-commerce involves business-to-business (B2B)interaction only.

Scheduling operations and shipping are operational responsibilities in supply chain management.

Centralized or decentralized purchasing is directly related to the size of an organization.

Which of the following is not a measure of the reliability of the supply chain?

A factor that makes it desirable for business organizations to actively manage their supply chains is

Information technology is a key to integrating operations across global supply chains.

In supply chain organizations, functions must operate independently of each other.

The purchasing cycle begins with

Which of the following is not a benefit of effective supply chain management?

A given inventory item has a per-year holding cost of $500. One method of shipping this item is three days faster than the other, but it is $2.50 more per unit. Using the slower method would be __________ more expensive overall than using the faster method.

In e-commerce, the front-end design is significantly more important than the back-end design.

Which of the following is not an application of e-business?

One important role of purchasing is to

An advantage of decentralized purchasing is the attention given to local needs.

The automatic identification of material is part of/facilitated by

Introduction to Operations Management

Competitiveness, Strategy, and Productivity

Forecasting

Product and Service Design

Strategic Capacity Planning for Products and Services

Process Selection and Facility Layout

Work Design and Measurement

Location Planning and Analysis

Management of Quality

Quality Control

Aggregate Planning and Master Scheduling

Inventory Management

MRP and ERP

Jit and Lean Operations

Scheduling

Project Management

Management of Waiting Lines

Linear Programming

Filters