Question 1

Unnecessary inventory usually results from one thing: uncertainty.

Accepted Answer

A) True 
 B)False

Question 2

Record integrity is the result of various activities and procedures designed to ensure that the amount of _____ is equal to the computerized record of _____.

Accepted Answer

A)  MRP….kanban 
B)  DRP….MRP 
C)  ROH….POH 
D)  POH….ROH 
E)  None of the above. 
A)  MRP….kanban 
B)  DRP….MRP 
C)  ROH….POH 
D)  POH….ROH 
E)  None of the above.

Question 3

According to JIT, inspection is a waste of both time and personnel caused by defects.

Accepted Answer

A) True 
 B)False

Question 4

All of the following action support reduced order-cycle time with suppliers except _____.

Accepted Answer

A)  expanded global sourcing 
B)  expanded electronic capability 
C)  supplier development support 
D)  order-cycle time measurement 
E)  focus on second- and third-tier suppliers 
A)  expanded global sourcing 
B)  expanded electronic capability 
C)  supplier development support 
D)  order-cycle time measurement 
E)  focus on second- and third-tier suppliers

Question 5

All of the following are considered to be the right reasons for investing in inventory except _____.

Accepted Answer

A)  avoid disruptions in operational performance 
B)  Unreliable supplier delivery 
C)  support customer service requirements 
D)  hedge against marketplace uncertainty 
E)  take advantage of order quantity discounts 
A)  avoid disruptions in operational performance 
B)  Unreliable supplier delivery 
C)  support customer service requirements 
D)  hedge against marketplace uncertainty 
E)  take advantage of order quantity discounts

Question 6

_____ represents the funds committed to operating a business, including the purchase and holding of inventory.

Accepted Answer

A)  Pipeline inventory 
B)  WIP 
C)  MRP 
D)  Working capital 
E)  None of the above. 
A)  Pipeline inventory 
B)  WIP 
C)  MRP 
D)  Working capital 
E)  None of the above.

Question 7

Which of the following is not one of the benefits of simplified designs?

Accepted Answer

A)  Fewer suppliers. 
B)  Increased number of manual transactions. 
C)  Reduced transactions to support the inventory. 
D)  Fewer part numbers. 
E)  Lower inventory management costs. 
A)  Fewer suppliers. 
B)  Increased number of manual transactions. 
C)  Reduced transactions to support the inventory. 
D)  Fewer part numbers. 
E)  Lower inventory management costs.

Question 8

Which of the following is not one of the policies used to improve design simplification and reduce complexity?

Accepted Answer

A)  Increase the number of suppliers. 
B)  Establish premium pricing for customization. 
C)  Establish geographic-specific options and standards. 
D)  Do not eliminate frequently requested options. 
E)  Utilize business modeling and TCO tools to support complexity reduction decisions. 
A)  Increase the number of suppliers. 
B)  Establish premium pricing for customization. 
C)  Establish geographic-specific options and standards. 
D)  Do not eliminate frequently requested options. 
E)  Utilize business modeling and TCO tools to support complexity reduction decisions.

Question 9

In _____, demand for an item is not directly dependent upon the demand for any other item that is produced.

Accepted Answer

A)  dependent demand 
B)  independent demand 
C)  codependent demand 
D)  Six Sigma 
E)  just-in-time 
A)  dependent demand 
B)  independent demand 
C)  codependent demand 
D)  Six Sigma 
E)  just-in-time

Question 10

_____ inventory includes completed items or products that are available for shipment or future customer orders.

Accepted Answer

A)  WIP 
B)  Finished-goods 
C)  MRO 
D)  Pipeline/in-transit 
E)  Raw materials and semifinished items 
A)  WIP 
B)  Finished-goods 
C)  MRO 
D)  Pipeline/in-transit 
E)  Raw materials and semifinished items

Question 11

When firms produce goods in anticipation of future customer orders, they are operating in a/an _____ environment.

Accepted Answer

A)  assemble-to-order 
B)  make-to-order 
C)  make-to-stock 
D)  just-in-time 
E)  None of the above. 
A)  assemble-to-order 
B)  make-to-order 
C)  make-to-stock 
D)  just-in-time 
E)  None of the above.

Question 12

Using a RFID system, if supplier quality and lead times are reliable, planners can time the arrival of components just before production of the final part number.

Accepted Answer

A) True 
 B)False

Question 13

When firms produce goods in anticipation of future customer orders, they are operating in a just-in-time environment.

Accepted Answer

A) True 
 B)False

Unnecessary inventory usually results from one thing: uncertainty.

Record integrity is the result of various activities and procedures designed to ensure that the amount of _ is equal to the computerized record of _.

According to JIT, inspection is a waste of both time and personnel caused by defects.

All of the following action support reduced order-cycle time with suppliers except _____.

All of the following are considered to be the right reasons for investing in inventory except _____.

_____ represents the funds committed to operating a business, including the purchase and holding of inventory.

Which of the following is not one of the benefits of simplified designs?

Which of the following is not one of the policies used to improve design simplification and reduce complexity?

In _____, demand for an item is not directly dependent upon the demand for any other item that is produced.

_____ inventory includes completed items or products that are available for shipment or future customer orders.

When firms produce goods in anticipation of future customer orders, they are operating in a/an _____ environment.

Using a RFID system, if supplier quality and lead times are reliable, planners can time the arrival of components just before production of the final part number.

When firms produce goods in anticipation of future customer orders, they are operating in a just-in-time environment.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 16: Lean Supply Chain Management

Unnecessary inventory usually results from one thing: uncertainty.

Record integrity is the result of various activities and procedures designed to ensure that the amount of _____ is equal to the computerized record of _____.

According to JIT, inspection is a waste of both time and personnel caused by defects.

All of the following action support reduced order-cycle time with suppliers except _____.

All of the following are considered to be the right reasons for investing in inventory except _____.

_____ represents the funds committed to operating a business, including the purchase and holding of inventory.

Which of the following is not one of the benefits of simplified designs?

Which of the following is not one of the policies used to improve design simplification and reduce complexity?

In _____, demand for an item is not directly dependent upon the demand for any other item that is produced.

_____ inventory includes completed items or products that are available for shipment or future customer orders.

When firms produce goods in anticipation of future customer orders, they are operating in a/an _____ environment.

Using a RFID system, if supplier quality and lead times are reliable, planners can time the arrival of components just before production of the final part number.

When firms produce goods in anticipation of future customer orders, they are operating in a just-in-time environment.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Record integrity is the result of various activities and procedures designed to ensure that the amount of _ is equal to the computerized record of _.