Question 1

Vertical integration, whether forward or backward, requires the firm to become more specialized.

Accepted Answer

A) True 
 B)False

Question 2

Channel assembly, which sends components and modules to be assembled by a distributor, treats these distributors as manufacturing partners.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

Percent invested in inventory = (Total i

Question 4

Identify some technological advances that can serve to improve logistics management and also improve shipping security.

Accepted Answer

Several technological advances can serve

Question 5

Which of the following is not an opportunity for effective management in the supply chain?

Accepted Answer

A)  accurate "pull" data 
B)  vendor-managed inventory 
C)  postponement 
D)  local optimization 
E)  channel assembly 
A)  accurate "pull" data 
B)  vendor-managed inventory 
C)  postponement 
D)  local optimization 
E)  channel assembly

Question 6

How are outsourcing and vertical integration related?
 Can a single firm successfully do both?

Accepted Answer

Outsourcing transfers what were traditio

Question 7

__________ is an approach that seeks efficiency of operations through the integration of all material acquisition, movement, and storage activities.

Accepted Answer

Logistics

Question 8

Which of the following is an opportunity for effective management in the supply chain?

Accepted Answer

A)  random "pull" data 
B)  multistage control of replenishment 
C)  the bullwhip effect 
D)  customer managed inventory 
E)  channel assembly 
A)  random "pull" data 
B)  multistage control of replenishment 
C)  the bullwhip effect 
D)  customer managed inventory 
E)  channel assembly

Question 9

Blanket orders are 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 10

In several industries, online exchanges have been created by buyers.

Accepted Answer

A) True 
 B)False

Question 11

Benchmark firms have driven down costs of supply-chain performance.

Accepted Answer

A) True 
 B)False

Question 12

Identify and describe briefly the five supply-chain strategies.

Accepted Answer

1. Many suppliers is the traditional Ame

Question 13

A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors. This is an example of

Accepted Answer

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

Question 14

A company is deciding where to assign its summer intern. The manager estimates that the intern can save $10,000 in the supply chain or increase sales (revenue) by $25,000. If sales (revenue) is divided into the three categories shown in the table where should the manager assign the intern to maximize profits?
 $$\begin{array} { | l | l | l | l | } 
\hline & \begin{array} { l } 
\text { Supply Chain } \
\text { costs }
\end{array} & \begin{array} { l } 
\text { Variable Costs } \
\text { (materials) }
\end{array} & \text { Profits } \
\hline \% \text { of current } & & & \
\text { sales } \
\text { (revenue) } & 35 & 25 & 40 \
\hline
\end{array}$$

Accepted Answer

Intern would save $10,000 in the supply

Question 15

Japanese manufacturers often take a middle ground between purchasing from a few suppliers and vertical integration. This approach is

Accepted Answer

A)  kanban 
B)  keiretsu 
C)  samurai 
D)  poka-yoke 
E)  kaizen 
A)  kanban 
B)  keiretsu 
C)  samurai 
D)  poka-yoke 
E)  kaizen

Question 16

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)  none of the above 
A)  cost-based price model 
B)  market-based price model 
C)  competitive bidding 
D)  price-based model 
E)  none of the above

Question 17

With the growth of JIT, which of the following distribution systems has been the biggest loser?

Accepted Answer

A)  trucking 
B)  railroads 
C)  airfreight 
D)  waterways 
E)  pipelines 
A)  trucking 
B)  railroads 
C)  airfreight 
D)  waterways 
E)  pipelines

Question 18

Transferring to external vendors a firm's activities that have traditionally been internal is known as __________.

Accepted Answer

The answer of Transferring to external vendors a firm's activities...

Question 19

__________ postpones final assembly of a product so the distribution channel can assemble it.

Accepted Answer

The answer of __________ postpones final assembly of a product...

Question 20

Which of the following best describes Vizio's supply chain

Accepted Answer

A)  few suppliers 
B)  keiretsu 
C)  joint venture 
D)  vertical integration 
E)  virtual company 
A)  few suppliers 
B)  keiretsu 
C)  joint venture 
D)  vertical integration 
E)  virtual company

Exam 13: Supply-Chain Management

Vertical integration, whether forward or backward, requires the firm to become more specialized.

Channel assembly, which sends components and modules to be assembled by a distributor, treats these distributors as manufacturing partners.

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

Identify some technological advances that can serve to improve logistics management and also improve shipping security.

Which of the following is not an opportunity for effective management in the supply chain?

How are outsourcing and vertical integration related? Can a single firm successfully do both?

__________ is an approach that seeks efficiency of operations through the integration of all material acquisition, movement, and storage activities.

Which of the following is an opportunity for effective management in the supply chain?

Blanket orders are a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.

In several industries, online exchanges have been created by buyers.

Benchmark firms have driven down costs of supply-chain performance.

Identify and describe briefly the five supply-chain strategies.

A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors. This is an example of

Japanese manufacturers often take a middle ground between purchasing from a few suppliers and vertical integration. This approach is

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

With the growth of JIT, which of the following distribution systems has been the biggest loser?

Transferring to external vendors a firm's activities that have traditionally been internal is known as __________.

__________ postpones final assembly of a product so the distribution channel can assemble it.

Which of the following best describes Vizio's supply chain

Operations and Productivity

Operations Strategy in a Global Environment

Project Management

Forecasting

Design of Goods and Services

Managing Quality

Statistical Process Control

Process Strategy

Capacity and Constraint Management

Location Strategies

Layout Strategies

Human Resources, Job Design, and Work Measurement

Outsourcing as a Supply-Chain Strategy

Inventory Management

Aggregate Planning

Material Requirements Planning MRP and ERP

Short-Term Scheduling

Just-In-Time and Lean Options

Maintenance and Reliability

Decision-Making Tools

Linear Programming

Transportation Models

Waiting-Line Models

Learning Curves

Simulation

Filters