Question 1

Which of the following are key components of transportation decisions when designing and operating a supply chain?

Accepted Answer

A)  Software selection 
B)  Mode of transportation 
C)  Source selection 
D)  Warehouse selection 
A)  Software selection 
B)  Mode of transportation 
C)  Source selection 
D)  Warehouse selection

Question 2

Warehouse unit storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

Accepted Answer

A) True 
 B)False

Question 3

The high utilization facility will have difficulty responding to demand fluctuations.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following would result in an improvement in the C2C cycle for Katz if all other entries in their selected financial data were held constant?

Accepted Answer

A)  An increase in accounts payable turnover 
B)  An increase weeks payable 
C)  An increase in weeks receivable 
D)  An increase in weeks in inventory 
A)  An increase in accounts payable turnover 
B)  An increase weeks payable 
C)  An increase in weeks receivable 
D)  An increase in weeks in inventory

Question 5

The art and science of making projections about what future demand and conditions will be is

Accepted Answer

A)  supply chain coordination. 
B)  forecasting. 
C)  aggregate planning. 
D)  revenue management. 
A)  supply chain coordination. 
B)  forecasting. 
C)  aggregate planning. 
D)  revenue management.

Question 6

Which of the following would result in lower return on assets for Katz if all other entries in their selected financial data were held constant?

Accepted Answer

A)  A reduction in earnings before interest and taxes 
B)  An increase in asset turnover 
C)  A reduction in total assets 
D)  An increase in profit margin 
A)  A reduction in earnings before interest and taxes 
B)  An increase in asset turnover 
C)  A reduction in total assets 
D)  An increase in profit margin

Question 7

Transforming forecasts into plans of activity to satisfy the projected demand is known as

Accepted Answer

A)  supply chain coordination. 
B)  forecasting. 
C)  aggregate planning. 
D)  revenue management. 
A)  supply chain coordination. 
B)  forecasting. 
C)  aggregate planning. 
D)  revenue management.

Question 8

Although faster transportation is more expensive, a firm receives which benefit as a result of the faster transportation?

Accepted Answer

A)  Fewer rejects 
B)  Higher profit 
C)  Lower inventories 
D)  More warehouses 
A)  Fewer rejects 
B)  Higher profit 
C)  Lower inventories 
D)  More warehouses

Question 9

Zara sources basic products such as white t-shirts from low cost countries because demand is predictable. For trendy products for which demand is unpredictable, Zara sources from company-owned higher cost factories in Europe. For the predictable demand, Zara strives for ________ and for the unpredictable demand, Zara hopes to achieve ________.

Accepted Answer

A)  social responsibility, quality 
B)  flexibility, social responsibility 
C)  efficiency, flexibility 
D)  quality, efficiency 
A)  social responsibility, quality 
B)  flexibility, social responsibility 
C)  efficiency, flexibility 
D)  quality, efficiency

Question 10

A company's ability to find a balance between responsiveness and efficiency that best matches the needs of the customer it is targeting is the key to achieving strategic fit.

Accepted Answer

A) True 
 B)False

Question 11

The inventory held in case demand exceeds expectation in order to counter uncertainty is called

Accepted Answer

A)  cycle inventory. 
B)  safety inventory. 
C)  seasonal inventory. 
D)  sourcing. 
A)  cycle inventory. 
B)  safety inventory. 
C)  seasonal inventory. 
D)  sourcing.

Question 12

________ typically measures the cost of bringing product into a facility as a percentage of sales or cost of goods sold (COGS).

Accepted Answer

A)  Average outbound transportation cost 
B)  Average inbound transportation cost 
C)  Average incoming shipment size 
D)  Average inbound transportation cost per shipment 
A)  Average outbound transportation cost 
B)  Average inbound transportation cost 
C)  Average incoming shipment size 
D)  Average inbound transportation cost per shipment

Question 13

The two major types of facilities are production sites and storage sites.

Accepted Answer

A) True 
 B)False

Question 14

Economies of scale are illustrated by

Accepted Answer

A)  a company declaring that they will not have sales, but will maintain very low prices all the time. 
B)  the price of a taxi ride service increasing after 2 a.m. 
C)  a supplier using a third party logistics firm. 
D)  a supplier waiting until enough demand has built up to send a full truckload shipment to their customer. 
A)  a company declaring that they will not have sales, but will maintain very low prices all the time. 
B)  the price of a taxi ride service increasing after 2 a.m. 
C)  a supplier using a third party logistics firm. 
D)  a supplier waiting until enough demand has built up to send a full truckload shipment to their customer.

Question 15

Stock keeping unit (SKU) storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

Accepted Answer

A) True 
 B)False

Question 16

A beekeeper sends out crates of honey to a number of customers. The shipping cost is a function of the gasoline prices that day and the size of the truck used for delivery. For any shipment exceeding 3000 pounds, the truck rental is $600 and for a shipment weight less than 3000, the truck rental is $450. $$\begin{array} { | c | c | c | } 
\hline \text { Units } & \text { Weight } & \text { Weight Fee } \
\hline 6 & 156 & \$ 703.56 \
\hline 87 & 2175 & \$ 9,461.25 \
\hline 23 & 575 & \$ 2,265.50 \
\hline 149 & 3874 & \$ 17,084.34 \
\hline 203 & 5075 & \$ 1,9944.75 \
\hline 212 & 5724 & \$ 2,2552.56 \
\hline 90 & 2340 & \$ 10,272.60 \
\hline 28 & 700 & \$ 3,066.00 \
\hline
\end{array}$$
What is the average outbound transportation cost?

Accepted Answer

A)  $4.34 per pound 
B)  $4.14 per pound 
C)  $4.24 per pound 
D)  $4.44 per pound 
A)  $4.34 per pound 
B)  $4.14 per pound 
C)  $4.24 per pound 
D)  $4.44 per pound

Question 17

On a recent road trip to the Big Easy, the absentee landlord recorded his gasoline purchases in a logbook that he intended to support his rental expenses for the year. The entries are in the table below: $$\begin{array} { | c | c | } 
\hline \text { Gallons } & \text { Total Cost } \
\hline 15 & \$ 44.40 \
\hline 16 & \$ 36.32 \
\hline 13.5 & \$ 34.70 \
\hline 18 & \$ 45.90 \
\hline 8 & \$ 23.36 \
\hline 12 & \$ 30.72 \
\hline
\end{array}$$
-What is the average order size of the gasoline?

Accepted Answer

A)  15.00 
B)  13.75 
C)  14.25 
D)  14.75 
A)  15.00 
B)  13.75 
C)  14.25 
D)  14.75

Question 18

Explain the role of each of the major drivers of supply chain performance.

Accepted Answer

Facilities are the where of the supply c

Question 19

The warehousing methodology in which all the different types of products needed to perform a particular job or satisfy a particular type of customer are stored together is

Accepted Answer

A)  warehouse unit storage. 
B)  stock keeping unit (SKU) storage. 
C)  job lot storage. 
D)  cross-docking. 
A)  warehouse unit storage. 
B)  stock keeping unit (SKU) storage. 
C)  job lot storage. 
D)  cross-docking.

Question 20

Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000. Their total assets are $585,000 and total liabilities are $250,000. What is their return on equity (ROE)?

Accepted Answer

A)  36.12% 
B)  48.40% 
C)  20.68% 
D)  41.98% 
A)  36.12% 
B)  48.40% 
C)  20.68% 
D)  41.98%

Which of the following are key components of transportation decisions when designing and operating a supply chain?

Warehouse unit storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

The high utilization facility will have difficulty responding to demand fluctuations.

Which of the following would result in an improvement in the C2C cycle for Katz if all other entries in their selected financial data were held constant?

The art and science of making projections about what future demand and conditions will be is

Which of the following would result in lower return on assets for Katz if all other entries in their selected financial data were held constant?

Transforming forecasts into plans of activity to satisfy the projected demand is known as

Although faster transportation is more expensive, a firm receives which benefit as a result of the faster transportation?

A company's ability to find a balance between responsiveness and efficiency that best matches the needs of the customer it is targeting is the key to achieving strategic fit.

The inventory held in case demand exceeds expectation in order to counter uncertainty is called

________ typically measures the cost of bringing product into a facility as a percentage of sales or cost of goods sold (COGS).

The two major types of facilities are production sites and storage sites.

Economies of scale are illustrated by

Stock keeping unit (SKU) storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

Explain the role of each of the major drivers of supply chain performance.

The warehousing methodology in which all the different types of products needed to perform a particular job or satisfy a particular type of customer are stored together is

Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000. Their total assets are $585,000 and total liabilities are $250,000. What is their return on equity (ROE)?

Understanding the Supply Chain

Supply Chain Performance: Achieving Strategic Fit and Scope

Designing Distribution Networks and Applications to e-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Demand Forecasting in a Supply Chain

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

Coordination in a Supply Chain

Managing Economies of Scale in the Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Determining the Optimal Level of Product Availability

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Sustainability and the Supply Chain

Filters

Exam 3: Supply Chain Drivers and Metrics

Which of the following are key components of transportation decisions when designing and operating a supply chain?

Warehouse unit storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

The high utilization facility will have difficulty responding to demand fluctuations.

Which of the following would result in an improvement in the C2C cycle for Katz if all other entries in their selected financial data were held constant?

The art and science of making projections about what future demand and conditions will be is

Which of the following would result in lower return on assets for Katz if all other entries in their selected financial data were held constant?

Transforming forecasts into plans of activity to satisfy the projected demand is known as

Although faster transportation is more expensive, a firm receives which benefit as a result of the faster transportation?

A company's ability to find a balance between responsiveness and efficiency that best matches the needs of the customer it is targeting is the key to achieving strategic fit.

The inventory held in case demand exceeds expectation in order to counter uncertainty is called

________ typically measures the cost of bringing product into a facility as a percentage of sales or cost of goods sold (COGS).

The two major types of facilities are production sites and storage sites.

Economies of scale are illustrated by

Stock keeping unit (SKU) storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

Explain the role of each of the major drivers of supply chain performance.

The warehousing methodology in which all the different types of products needed to perform a particular job or satisfy a particular type of customer are stored together is

Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000. Their total assets are $585,000 and total liabilities are $250,000. What is their return on equity (ROE)?

Understanding the Supply Chain

Supply Chain Performance: Achieving Strategic Fit and Scope

Designing Distribution Networks and Applications to e-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Demand Forecasting in a Supply Chain

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

Coordination in a Supply Chain

Managing Economies of Scale in the Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Determining the Optimal Level of Product Availability

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Sustainability and the Supply Chain

Filters