Question 1

With the growth of just-in-time practices, railroads have made large gains in the share of the nation's transport that they haul.

Accepted Answer

A) True 
 B)False

Question 2

The Japanese concept of a company coalition of suppliers is

Accepted Answer

A)  poka-yoke 
B)  kaizen 
C)  keiretsu 
D)  dim sum 
E)  illegal 
A)  poka-yoke 
B)  kaizen 
C)  keiretsu 
D)  dim sum 
E)  illegal

Question 3

Improvements in security, especially regarding the millions of shipping containers that enter the U.S. each year, are being held back by the lack of technological advances.

Accepted Answer

A) True 
 B)False

Question 4

Bar code and radio frequency technology, like that used to track UPS or FedEx packages on their global journeys, can also be used to track objects within the boundaries of a warehouse or shop.

Accepted Answer

A) True 
 B)False

Question 5

Which one of the following statements about purchasing is true?

Accepted Answer

A)  The cost of purchases as a percent of sales is often small. 
B)  Purchasing provides a major opportunity for price increases. 
C)  Purchasing is always more efficient than making an item. 
D)  Purchasing has an impact on the quality of the goods and services sold. 
E)  Competitive bidding is a major factor in long-term cost reductions. 
A)  The cost of purchases as a percent of sales is often small. 
B)  Purchasing provides a major opportunity for price increases. 
C)  Purchasing is always more efficient than making an item. 
D)  Purchasing has an impact on the quality of the goods and services sold. 
E)  Competitive bidding is a major factor in long-term cost reductions.

Question 6

Identify the reasons for buying in the make-or-buy decision.

Accepted Answer

The reasons for buying in the make-or-bu

Question 7

Which of the following devices represents an opportunity for technology to improve security of container shipments?

Accepted Answer

A)  devices that identify truck and container location 
B)  devices that sense motion 
C)  devices that measure radiation or temperature 
D)  devices that can communicate the breaking of a container lock or seal 
E)  all of the above 
A)  devices that identify truck and container location 
B)  devices that sense motion 
C)  devices that measure radiation or temperature 
D)  devices that can communicate the breaking of a container lock or seal 
E)  all of the above

Question 8

A grocery chain is interested in exploring the impact effective supply-chain management would have. Suppose that for every $1 of sales 4% is profit, 50% is spent in the supply chain, and the remaining 46% is evenly divided between fixed and variable costs. If the chain can save $1 in the supply chain it would take how many dollars of increased sales to have the same increase in profit?
 Assume that fixed costs are fixed so that the portion of increased sales allocated to fixed costs is instead profit (27% profit margin combined now).

Accepted Answer

Suppose initially the firm sells $100 of

Question 9

The Institute for Supply Management

Accepted Answer

A)  establishes laws and regulations for supply management 
B)  is an agency of the United Nations charged with promoting ethical conduct globally 
C)  publishes the principles and standards for ethical supply management conduct 
D)  prohibits backward integration into developing economies 
E)  All of the above are true. 
A)  establishes laws and regulations for supply management 
B)  is an agency of the United Nations charged with promoting ethical conduct globally 
C)  publishes the principles and standards for ethical supply management conduct 
D)  prohibits backward integration into developing economies 
E)  All of the above are true.

Question 10

Savings in the supply chain exert more leverage as the firm has a lower net profit margin.

Accepted Answer

A) True 
 B)False

Question 11

Supply-chain decisions are not generally strategic in nature, because purchasing is an ordinary expense to most firms.

Accepted Answer

A) True 
 B)False

Question 12

Keiretsus offer a middle ground between few suppliers and vertical integration.

Accepted Answer

A) True 
 B)False

Question 13

The three classic types of negotiation strategies are

Accepted Answer

A)  vendor evaluation, vendor development, and vendor selection 
B)  Theory X, Theory Y, and Theory Z 
C)  many suppliers, few suppliers, and keiretsu 
D)  cost-based price model, market-based price model, and competitive bidding 
E)  None of the above is correct. 
A)  vendor evaluation, vendor development, and vendor selection 
B)  Theory X, Theory Y, and Theory Z 
C)  many suppliers, few suppliers, and keiretsu 
D)  cost-based price model, market-based price model, and competitive bidding 
E)  None of the above is correct.

Question 14

Describe some ways that effective supply-chain partners build and utilize mutual trust.

Accepted Answer

Members of the chain must enter into a r

Question 15

A car dealer is trying to reduce the number of days of inventory held at any given time on the lot. Assume that he projects the daily sales rate as the last two months averaged. Assume that the monthly sales rate for August was 12 cars/day, September was 14 cars/day, October was 12 cars/day, and November was 8 cars/day. Given an inventory of 500 cars at the start of November and 400 at the start of December, determine the number of days of inventory on hand at the start of November and December (also assume each month has EXACTLY 30 days of sales).

Accepted Answer

November sell rate = (Sep+Oct)/2 = (14+1

Question 16

The fastest growing mode of shipping is __________.

Accepted Answer

The answer of The fastest growing mode of shipping is...

Question 17

Which of the following is an advantage of the postponement technique?

Accepted Answer

A)  reduction in automation 
B)  early customization of the product 
C)  better quality of the product 
D)  reduction in training costs 
E)  reduction in inventory investment 
A)  reduction in automation 
B)  early customization of the product 
C)  better quality of the product 
D)  reduction in training costs 
E)  reduction in inventory investment

Question 18

Which of the following is not an advantage of a virtual company?

Accepted Answer

A)  speed 
B)  total control over every aspect of the organization 
C)  specialized management expertise 
D)  low capital investment 
E)  flexibility 
A)  speed 
B)  total control over every aspect of the organization 
C)  specialized management expertise 
D)  low capital investment 
E)  flexibility

Question 19

Which of the following best describes vertical integration?

Accepted Answer

A)  to sell products to a supplier or a distributor 
B)  to develop the ability to produce products which complement the original product 
C)  to produce goods or services previously purchased 
D)  to develop the ability to produce the specified good more efficiently than before 
E)  to build long-term partnerships with a few suppliers 
A)  to sell products to a supplier or a distributor 
B)  to develop the ability to produce products which complement the original product 
C)  to produce goods or services previously purchased 
D)  to develop the ability to produce the specified good more efficiently than before 
E)  to build long-term partnerships with a few suppliers

Question 20

What are the three negotiation strategies?
 Briefly describe each of them.

Accepted Answer

The three strategies for negotiating wit

Exam 13: Supply-Chain Management

With the growth of just-in-time practices, railroads have made large gains in the share of the nation's transport that they haul.

The Japanese concept of a company coalition of suppliers is

Improvements in security, especially regarding the millions of shipping containers that enter the U.S. each year, are being held back by the lack of technological advances.

Bar code and radio frequency technology, like that used to track UPS or FedEx packages on their global journeys, can also be used to track objects within the boundaries of a warehouse or shop.

Which one of the following statements about purchasing is true?

Identify the reasons for buying in the make-or-buy decision.

Which of the following devices represents an opportunity for technology to improve security of container shipments?

The Institute for Supply Management

Savings in the supply chain exert more leverage as the firm has a lower net profit margin.

Supply-chain decisions are not generally strategic in nature, because purchasing is an ordinary expense to most firms.

Keiretsus offer a middle ground between few suppliers and vertical integration.

The three classic types of negotiation strategies are

Describe some ways that effective supply-chain partners build and utilize mutual trust.

The fastest growing mode of shipping is __________.

Which of the following is an advantage of the postponement technique?

Which of the following is not an advantage of a virtual company?

Which of the following best describes vertical integration?

What are the three negotiation strategies? Briefly describe each of them.

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

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