Question 1

Can an organization's plans for vertical integration be supported by the tools of make-or-buy analysis?
 Explain; provide an example.

Accepted Answer

Yes; the decision to acquire the provide

Question 2

Vertical integration appears particularly advantageous when the organization has

Accepted Answer

A)  a very specialized product 
B)  a large market share 
C)  a very common, undifferentiated product 
D)  little experience operating an acquired vendor 
E)  purchases that are a relatively small percent of sales 
A)  a very specialized product 
B)  a large market share 
C)  a very common, undifferentiated product 
D)  little experience operating an acquired vendor 
E)  purchases that are a relatively small percent of sales

Question 3

What are the three versions of online catalogs?

Accepted Answer

The three versions of online c

Question 4

Logistics management can provide a competitive advantage through improved customer service.

Accepted Answer

A) True 
 B)False

Question 5

Define EDI.

Accepted Answer

Electronic data interchange is

Question 6

Which one of the following is not a supply-chain strategy?

Accepted Answer

A)  negotiation with many suppliers 
B)  vertical integration 
C)  keiretsu 
D)  short-term relationships with few suppliers 
E)  virtual companies 
A)  negotiation with many suppliers 
B)  vertical integration 
C)  keiretsu 
D)  short-term relationships with few suppliers 
E)  virtual companies

Question 7

__________ is the term describing purchasing facilitated through the internet.

Accepted Answer

The answer of __________ is the term describing purchasing facilitated...

Question 8

Because the supply chain has become so electronic and automated, opportunities for unethical behavior have been greatly reduced.

Accepted Answer

A) True 
 B)False

Question 9

__________ rely on a variety of supplier relationships to provide services on demand.

Accepted Answer

The answer of __________ rely on a variety of supplier...

Question 10

Which distribution system is the fastest growing mode of shipping?

Accepted Answer

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

Question 11

The key to effective supply-chain management is to get many suppliers to compete with each other, in order to drive down prices.

Accepted Answer

A) True 
 B)False

Question 12

With the many-suppliers strategy, the order usually goes to the supplier that offers the best quality.

Accepted Answer

A) True 
 B)False

Question 13

McDonald's was able to utilize existing plants and transportation systems in preparing the supply chain for opening its stores in Moscow.

Accepted Answer

A) True 
 B)False

Question 14

Describe the state of capacity utilization in the motor carrier (trucking) industry. What, if anything, has been implemented by the industry to address the issue?

Accepted Answer

The motor carrier industry averages a ca

Question 15

When using the low-cost strategy for supply chain-management, the firm should invest aggressively to reduce production lead time.

Accepted Answer

A) True 
 B)False

Question 16

Hewlett-Packard withholds customization of its laser printers as long as possible. This is an example of

Accepted Answer

A)  vendor-managed inventory 
B)  standardization 
C)  backward integration 
D)  postponement 
E)  timely customization 
A)  vendor-managed inventory 
B)  standardization 
C)  backward integration 
D)  postponement 
E)  timely customization

Question 17

All of the following are "opportunities" for supply-chain management except

Accepted Answer

A)  postponement 
B)  drop shipment 
C)  blanket orders 
D)  channel assembly 
E)  line balancing 
A)  postponement 
B)  drop shipment 
C)  blanket orders 
D)  channel assembly 
E)  line balancing

Question 18

McDonald's Russian "food town" is to __________ risk as Hard Rock Café's franchising in diverse political and cultural environments to overcome barriers is to __________ risk.

Accepted Answer

A)  process, environmental 
B)  control, environmental 
C)  control, process 
D)  process, control 
E)  environmental, control 
A)  process, environmental 
B)  control, environmental 
C)  control, process 
D)  process, control 
E)  environmental, control

Question 19

__________ is the management of activities that procure raw materials, transform those materials into intermediate goods and final products, and deliver the products through a distribution system.

Accepted Answer

Supply-cha

Question 20

What term is used to describe the outsourcing of logistics?

Accepted Answer

A)  E-Logistics 
B)  Shipper Managed Inventory (SMI) 
C)  Hollow Logistics 
D)  Sub-Logistics 
E)  Third-Party Logistics 
A)  E-Logistics 
B)  Shipper Managed Inventory (SMI) 
C)  Hollow Logistics 
D)  Sub-Logistics 
E)  Third-Party Logistics

Exam 13: Supply-Chain Management

Can an organization's plans for vertical integration be supported by the tools of make-or-buy analysis? Explain; provide an example.

Vertical integration appears particularly advantageous when the organization has

What are the three versions of online catalogs?

Logistics management can provide a competitive advantage through improved customer service.

Define EDI.

Which one of the following is not a supply-chain strategy?

__________ is the term describing purchasing facilitated through the internet.

Because the supply chain has become so electronic and automated, opportunities for unethical behavior have been greatly reduced.

__________ rely on a variety of supplier relationships to provide services on demand.

Which distribution system is the fastest growing mode of shipping?

The key to effective supply-chain management is to get many suppliers to compete with each other, in order to drive down prices.

With the many-suppliers strategy, the order usually goes to the supplier that offers the best quality.

McDonald's was able to utilize existing plants and transportation systems in preparing the supply chain for opening its stores in Moscow.

Describe the state of capacity utilization in the motor carrier (trucking) industry. What, if anything, has been implemented by the industry to address the issue?

When using the low-cost strategy for supply chain-management, the firm should invest aggressively to reduce production lead time.

Hewlett-Packard withholds customization of its laser printers as long as possible. This is an example of

All of the following are "opportunities" for supply-chain management except

McDonald's Russian "food town" is to __________ risk as Hard Rock Café's franchising in diverse political and cultural environments to overcome barriers is to __________ risk.

__________ is the management of activities that procure raw materials, transform those materials into intermediate goods and final products, and deliver the products through a distribution system.

What term is used to describe the outsourcing of logistics?

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

McDonald's Russian "food town" is to risk as Hard Rock Café's franchising in diverse political and cultural environments to overcome barriers is to risk.