Exam 21: Supply Chain Management

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Which of the following is a principle required for ethical behavior in purchasing? (I) loyalty to employer (II) justice to those you deal with (III) faith in your profession

(Multiple Choice)

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Question 61

Important factors in purchasing include the cost of goods purchased, the quality of goods and services, and the timing of deliveries of goods or services.

(True/False)

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Question 62

Creating an effective supply chain requires linking the marketing, distribution, and supplier channels.

(True/False)

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Question 63

Using third-party logistics involves using your organization's logistics function to ship to customers that are not officially part of the supply chain.

(True/False)

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Question 64

Inventory velocity refers to the average speed (in miles/hour) of material handling equipment in a warehouse.

(True/False)

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Question 65

The importance of purchasing relates only to the cost of parts and materials purchased, which is often 60 percent or more of the cost of finished goods.

(True/False)

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Question 66

Logistics includes all of these except:

(Multiple Choice)

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Question 67

Frequent deliveries of small shipments can reduce inventory but also result in an increase in the transportation cost per unit.

(True/False)

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Question 68

Which of the following is not a benefit of centralized purchasing?

(Multiple Choice)

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Question 69

Small changes in consumer demand can result in large variations in orders placed because of the:

(Multiple Choice)

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Question 70

Which of the following is not a benefit of RFID?

(Multiple Choice)

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Question 71

Which of the following is not a goal of supply chain management?

(Multiple Choice)

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Question 72

Managing supply chain visibility involves making sure that potential supply chain partners are aware of your organization's needs.

(True/False)

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Question 73

Using third-party fulfillment means losing control of fulfillment.

(True/False)

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Question 74

Vendor analysis has the greatest potential for savings for items which have:

(Multiple Choice)

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Question 75

E-commerce involves business-to-business (B2B) interaction only.

(True/False)

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Question 76

Traffic management refers to truck movement within our parking areas.

(True/False)

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Question 77

Last quarter, a retailer sold 8,000 T-shirts, 7,000 of which were sold directly from on-hand inventory. This retailer's ________ was 88 percent.

(Multiple Choice)

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Question 78

Price is the primary determining factor in choosing a vendor since most products are essentially the same.

(True/False)

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Question 79

The purchasing perspective of the supplier as a partner is characterized by:

(Multiple Choice)

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Question 80

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Exam 21: Supply Chain Management

Which of the following is a principle required for ethical behavior in purchasing? (I) loyalty to employer (II) justice to those you deal with (III) faith in your profession

Important factors in purchasing include the cost of goods purchased, the quality of goods and services, and the timing of deliveries of goods or services.

Creating an effective supply chain requires linking the marketing, distribution, and supplier channels.

Using third-party logistics involves using your organization's logistics function to ship to customers that are not officially part of the supply chain.

Inventory velocity refers to the average speed (in miles/hour) of material handling equipment in a warehouse.

The importance of purchasing relates only to the cost of parts and materials purchased, which is often 60 percent or more of the cost of finished goods.

Logistics includes all of these except:

Frequent deliveries of small shipments can reduce inventory but also result in an increase in the transportation cost per unit.

Which of the following is not a benefit of centralized purchasing?

Small changes in consumer demand can result in large variations in orders placed because of the:

Which of the following is not a benefit of RFID?

Which of the following is not a goal of supply chain management?

Managing supply chain visibility involves making sure that potential supply chain partners are aware of your organization's needs.

Using third-party fulfillment means losing control of fulfillment.

Vendor analysis has the greatest potential for savings for items which have:

E-commerce involves business-to-business (B2B) interaction only.

Traffic management refers to truck movement within our parking areas.

Last quarter, a retailer sold 8,000 T-shirts, 7,000 of which were sold directly from on-hand inventory. This retailer's ________ was 88 percent.

Price is the primary determining factor in choosing a vendor since most products are essentially the same.

The purchasing perspective of the supplier as a partner is characterized by:

Introduction to Operations Management

Competitiveness

Forecasting

Product and Service Design

RELIABILITY – Static

Strategic Capacity Planning for Products and Services

Decision Theory– Static

Process Selection and Facility Layout

Work Design and Measurement

learning curve– Static

Location Planning and Analysis

The Transportation Model– Static

Management of Quality

Quality Control

Acceptance Sampling– Static

Aggregate Planning and Master Scheduling

MRP and ERP

Inventory Management

JIT and Lean Operations

Maintenance– Static

Scheduling

Project Management

Management of Waiting Lines

Linear Programming

Filters