Question 1

"The bullwhip effect can occur whenever any one of the three conditions is extreme enough
to cause the boom-bust cycle.Briefly describe these conditions."

Accepted Answer

"The first condition is simply long lead times between the stages of
the supply chain,so that changes in demand requirements are slowly moving up and down the
chain,thereby allowing excessive changes to occur in the other stages of the chain.The second
condition is large lot sizes with infrequent orders,resulting again in lags in information.And the
third condition is the slow transmission of information occurring by handoffs from one link of the
chain to the next."

Question 2

Which of the following statements about supply chain management (SCM)is correct?

Accepted Answer

A) SCM programs are putting ever greater emphasis on the finance function 
B) SCM coordinates and integrates several activities into a process by linking the most important partners in the chain 
C) The goal of SCM is to deliver the right product at the right time,while yielding the lowest possible costs 
D) SCM enables manufacturers to actively plan and collaborate across a distributed supply chain 
A) SCM programs are putting ever greater emphasis on the finance function 
B) SCM coordinates and integrates several activities into a process by linking the most important partners in the chain 
C) The goal of SCM is to deliver the right product at the right time,while yielding the lowest possible costs 
D) SCM enables manufacturers to actively plan and collaborate across a distributed supply chain D

Question 3

Intranets are private networks to allow the organization to securely interact with external parties.

Accepted Answer

A) True 
 B)False  False

Question 4

Air transport can significantly reduce inventory and warehousing costs,as well as improve customer service.

Accepted Answer

A) True 
 B)False

Question 5

What is the most expensive transportation mode?

Accepted Answer

A) Air 
B) Trucking 
C) Railroads 
D) Water 
A) Air 
B) Trucking 
C) Railroads 
D) Water

Question 6

__________ inventories exist because materials must be moved from one location to another.

Accepted Answer

A) Buffer 
B) Anticipation 
C) Transit 
D) Cycle 
A) Buffer 
B) Anticipation 
C) Transit 
D) Cycle

Question 7

Increasing global __________ is a major factor driving the need to better manage the supply chain.

Accepted Answer

The answer of Increasing global __________ is a major factor...

Question 8

Under sole-sourcing arrangements,customers involve suppliers from the design stage,asking for larger deliveries of higher quality items in large batches that enable greater savings.

Accepted Answer

A) True 
 B)False

Question 9

What is the focus of the supply chain strategy in situations where the goods are basic commodities?

Accepted Answer

In situations where the goods

Question 10

bullwhip effect occurs more often when the sole transmission of information occurs by handoffs from one link of the chain to the next.

Accepted Answer

A) True 
 B)False

Question 11

Boeing produces passenger aircraft as well as military jets,but not everything delivered is made by them.B/E Aerospace,Recaro,or Zodiac Aerospace makes the seats that passengers sit in.Boeing requires these suppliers to pre-assemble the seats for quick installation in the aircraft during construction.What actions can the seat manufacturers do to reduce costs that can be passed on to Boeing?

Accepted Answer

Answers will vary.One possible answer fo

Question 12

What is the least expensive transportation mode?

Accepted Answer

A) Air 
B) Trucking 
C) Railroads 
D) Water 
A) Air 
B) Trucking 
C) Railroads 
D) Water

Question 13

To what does the term supply chain generally refer?

Accepted Answer

"The term supply chain general

Question 14

Some outputs such as dams,roads,buildings and bridges may be relatively __________.

Accepted Answer

The answer of Some outputs such as dams,roads,buildings and bridges...

Question 15

What term describes the execution of business transactions in a paperless environment,primarily through the Internet?

Accepted Answer

A) E-business 
B) Electronic data interchange 
C) Electronic commerce 
D) Bar coding 
A) E-business 
B) Electronic data interchange 
C) Electronic commerce 
D) Bar coding

Question 16

"To maintain the appropriate level of
inventory,decision rules are needed to answer two basic questions.What are they?"

Accepted Answer

When should an order

Question 17

What is the difference value chain and demand chain.How do they relate to one another?

Accepted Answer

A demand chain is getting the best value

Question 18

Moore's law states that:

Accepted Answer

A) The value of a network increases with the square of the number of elements connected to it 
B) Computing power doubles every 18-24 months 
C) If anything can go wrong,it will,and usually at the most inappropriate moment 
D) A project will always take longer than expected,even after taking into account Metcalfe's Law 
A) The value of a network increases with the square of the number of elements connected to it 
B) Computing power doubles every 18-24 months 
C) If anything can go wrong,it will,and usually at the most inappropriate moment 
D) A project will always take longer than expected,even after taking into account Metcalfe's Law

Question 19

Logistics includes the responsibility for acquiring the goods and services the organization needs,by any means.

Accepted Answer

A) True 
 B)False

Question 20

What is logistics?

Accepted Answer

"Logistics can be defined as p

"The bullwhip effect can occur whenever any one of the three conditions is extreme enough to cause the boom-bust cycle.Briefly describe these conditions."

Which of the following statements about supply chain management (SCM)is correct?

Intranets are private networks to allow the organization to securely interact with external parties.

Air transport can significantly reduce inventory and warehousing costs,as well as improve customer service.

What is the most expensive transportation mode?

__________ inventories exist because materials must be moved from one location to another.

Increasing global __________ is a major factor driving the need to better manage the supply chain.

Under sole-sourcing arrangements,customers involve suppliers from the design stage,asking for larger deliveries of higher quality items in large batches that enable greater savings.

What is the focus of the supply chain strategy in situations where the goods are basic commodities?

bullwhip effect occurs more often when the sole transmission of information occurs by handoffs from one link of the chain to the next.

What is the least expensive transportation mode?

To what does the term supply chain generally refer?

Some outputs such as dams,roads,buildings and bridges may be relatively __________.

What term describes the execution of business transactions in a paperless environment,primarily through the Internet?

"To maintain the appropriate level of inventory,decision rules are needed to answer two basic questions.What are they?"

What is the difference value chain and demand chain.How do they relate to one another?

Moore's law states that:

Logistics includes the responsibility for acquiring the goods and services the organization needs,by any means.

What is logistics?

Operations and Supply Chain Strategy for Competitiveness

Executing Strategy: Project Management

Process Planning

Capacity and Scheduling

Supply Chain Planning and Analytics

the Economic Order Quantity Model

Monitoring and Controlling the Processes

Process Improvement: Six Sigma

Process Improvement: Lean

Filters

Exam 6: Supply Chain Management

"The bullwhip effect can occur whenever any one of the three conditions is extreme enough to cause the boom-bust cycle.Briefly describe these conditions."

Which of the following statements about supply chain management (SCM)is correct?

Intranets are private networks to allow the organization to securely interact with external parties.

Air transport can significantly reduce inventory and warehousing costs,as well as improve customer service.

What is the most expensive transportation mode?

__________ inventories exist because materials must be moved from one location to another.

Increasing global __________ is a major factor driving the need to better manage the supply chain.

Under sole-sourcing arrangements,customers involve suppliers from the design stage,asking for larger deliveries of higher quality items in large batches that enable greater savings.

What is the focus of the supply chain strategy in situations where the goods are basic commodities?

bullwhip effect occurs more often when the sole transmission of information occurs by handoffs from one link of the chain to the next.

What is the least expensive transportation mode?

To what does the term supply chain generally refer?

Some outputs such as dams,roads,buildings and bridges may be relatively __________.

What term describes the execution of business transactions in a paperless environment,primarily through the Internet?

"To maintain the appropriate level of inventory,decision rules are needed to answer two basic questions.What are they?"

What is the difference value chain and demand chain.How do they relate to one another?

Moore's law states that:

Logistics includes the responsibility for acquiring the goods and services the organization needs,by any means.

What is logistics?

Operations and Supply Chain Strategy for Competitiveness

Executing Strategy: Project Management

Process Planning

Capacity and Scheduling

Supply Chain Planning and Analytics

the Economic Order Quantity Model

Monitoring and Controlling the Processes

Process Improvement: Six Sigma

Process Improvement: Lean

Filters