Exam 13: Supply-Chain Management

The purchasing approach that holds the suppliers responsible for maintaining the necessary technology, expertise, and forecasting ability plus cost, quality, and delivery competencies is

The three major variations of online catalogs are

As the firm strategies vary from low-cost to response to differentiation, how does this impact the criteria used for selection of a supply-chain strategy?

Visibility throughout the supply chain is a requirement among supply-chain members for

When Daimler and BMW pooled resources to develop standardized auto components the supply-chain strategy could best be described by

A manufacturing plant had $.74 of raw materials, $.23 of in-progress inventory, and $1.03 of finished goods inventory at month's end. If monthly sales were $10, what is the turnover? (assume all units are in thousands, i.e. $1 is actually $1000)

Name three common things that contribute to distortion of information about the supply chain?

Describe vendor managed inventory (VMI). How is it related to outsourcing? Cite an example from your experiences as a shopper.

What advantages may result from effectively outsourcing the logistics function to a third party?

A restaurant runs a special promotion on lobster and plans to sell twice as many lobsters as usual. When this large order is sent to the distributer, the distributer assumes the large size is a trend, not a one-time event. The distributer therefore places an even larger order with the lobsterman. This is the result of

Developing long-term, "partnering" relationships with a few suppliers is a long-standing American purchasing strategy.

Local optimization is a supply-chain complication best described as

Supply-chain management faces additional challenges, such as those related to quality production and distribution systems, when companies enter growing global markets.

The bullwhip effect refers to the increasing fluctuations in orders that often occur as orders move through the supply chain.

__________ is a standardized data-transmittal format for computerized communications between organizations.

Of the three stages of vendor selection, the stage at which criteria, weights, and scores allow a numeric comparison is __________.

A fast-food retailer that acquired a spice manufacturer would be practicing backward integration.

The supply-chain strategy of __________ increases the willingness to participate in JIT.

Outsourcing refers to transferring a firm's activities that have traditionally been internal to external suppliers.

The "bullwhip" effect