Question 1

Bidding is a process by which the seller requests competing companies to specify how much they will charge for their products.

Accepted Answer

A) True 
 B)False  False

Question 2

Good turnover brings large rewards and a reputation for purchasing success.

Accepted Answer

A) True 
 B)False  True

Question 3

A classical inventory problem with some special characteristics,namely,how much to buy when there is only one purchase occasion allowed.This is called a static inventory problem.

Accepted Answer

A) True 
 B)False  True

Question 4

MMS is a system triggered by

Accepted Answer

A) forecast. 
B) demand. 
C) MM. 
D) both a and b 
A) forecast. 
B) demand. 
C) MM. 
D) both a and b

Question 5

Flow shops,like job shops,have a varied and changing set of materials requirements.

Accepted Answer

A) True 
 B)False

Question 6

Alternatively,carrying large amounts of inventory can be _____,requiring more storage space than is justified,and running up carrying costs.

Accepted Answer

A) necessarily costly 
B) unpredictable 
C) unexpectedly inexpensive 
D) unnecessarily costly 
A) necessarily costly 
B) unpredictable 
C) unexpectedly inexpensive 
D) unnecessarily costly

Question 7

Components (C) and subassemblies (SA) are purchased materials that have _____ value added than the raw materials of which they are made.

Accepted Answer

A) less 
B) greater 
C) same 
D) none of the above 
A) less 
B) greater 
C) same 
D) none of the above

Question 8

_____ is reflected in the dollar demand,which is a good measure of item importance.

Accepted Answer

A) Frequency of usage 
B) Quality 
C) Forecasting 
D) WIP 
A) Frequency of usage 
B) Quality 
C) Forecasting 
D) WIP

Question 9

A trade-off model can be constructed to determine how many extra tires (spares) should be obtained at the time of the initial order for a tractor.Note that rubber deteriorates and that spare tires can be obtained at any time,at about the same price.

Accepted Answer

A) True 
 B)False

Question 10

One widely-used information planning system is called material requirements planning (MRP).

Accepted Answer

A) True 
 B)False

Question 11

The purchasing mission includes achieving deliveries are on time,receiving inventories,inspecting all incoming goods,certifying suppliers,and making sure the relationship with trusted suppliers is stable.

Accepted Answer

A) True 
 B)False

Question 12

When purchasing is a centralized operation that buys for many different subsidiaries,problems can surface because some like what they get and others do not.What should be done to prevent antagonism under such circumstances?

Accepted Answer

When there is antagonism between the buy

Question 13

Even before 1960,manufacturing was becoming less _____ as a result of technology.

Accepted Answer

A) labor intensive 
B) intellectual 
C) both a and b 
D) none of the above 
A) labor intensive 
B) intellectual 
C) both a and b 
D) none of the above

Question 14

Materials management involves organizing and coordinating all management functions that are responsible for every aspect of materials movements and transformations.

Accepted Answer

A) True 
 B)False

Question 15

Projects,such as bringing out a new product (start-ups) or building an office tower,can be flexible or vulnerable depending upon the _____.

Accepted Answer

A) season of the year 
B) predicted demand 
C) stage of the system 
D) all of the above 
A) season of the year 
B) predicted demand 
C) stage of the system 
D) all of the above

Question 16

Critical parts refers to

Accepted Answer

A) parts that shut down the line or seriously delay project completion. 
B) parts that combine in many critical ways to form modular systems. 
C) products that impact the bottom line in such a way as to cause bankruptcy if projections are not achieved. 
D) products that require special coordination between marketing and P/OM for their successful introduction. 
A) parts that shut down the line or seriously delay project completion. 
B) parts that combine in many critical ways to form modular systems. 
C) products that impact the bottom line in such a way as to cause bankruptcy if projections are not achieved. 
D) products that require special coordination between marketing and P/OM for their successful introduction.

Question 17

The performance of the _____ in the supply chain is related to the speed (or velocity) with which goods sell and amount of inventory that is on hand to be drawn down.

Accepted Answer

A) purchasing agent 
B) company lawyer 
C) marketing manager 
D) WIP manager 
A) purchasing agent 
B) company lawyer 
C) marketing manager 
D) WIP manager

Question 18

Value analysis and _____ are often seen as close relatives.

Accepted Answer

A) inventory studies 
B) the ABC classification 
C) decision modeling 
D) failure analysis 
E) methods analysis 
A) inventory studies 
B) the ABC classification 
C) decision modeling 
D) failure analysis 
E) methods analysis

Question 19

_____ purchasing may not be best for every organization,but it is more likely to be the best approach when the information systems infrastructure supports a global network.

Accepted Answer

A) Centralization of 
B) Downsizing of 
C) Information planning for 
D) Outsourcing of 
A) Centralization of 
B) Downsizing of 
C) Information planning for 
D) Outsourcing of

Question 20

_____ provide a useful history of _____.

Accepted Answer

A) Purchasing records;discounts obtained 
B) Suppliers records;days of inventory (DOI) 
C) Accounting records;inventory turns 
D) Quality control records;purchase prices 
E) Legal records;ethical issues 
A) Purchasing records;discounts obtained 
B) Suppliers records;days of inventory (DOI) 
C) Accounting records;inventory turns 
D) Quality control records;purchase prices 
E) Legal records;ethical issues

Bidding is a process by which the seller requests competing companies to specify how much they will charge for their products.

Good turnover brings large rewards and a reputation for purchasing success.

A classical inventory problem with some special characteristics,namely,how much to buy when there is only one purchase occasion allowed.This is called a static inventory problem.

MMS is a system triggered by

Flow shops,like job shops,have a varied and changing set of materials requirements.

Alternatively,carrying large amounts of inventory can be _____,requiring more storage space than is justified,and running up carrying costs.

Components (C) and subassemblies (SA) are purchased materials that have _____ value added than the raw materials of which they are made.

_____ is reflected in the dollar demand,which is a good measure of item importance.

A trade-off model can be constructed to determine how many extra tires (spares) should be obtained at the time of the initial order for a tractor.Note that rubber deteriorates and that spare tires can be obtained at any time,at about the same price.

One widely-used information planning system is called material requirements planning (MRP).

The purchasing mission includes achieving deliveries are on time,receiving inventories,inspecting all incoming goods,certifying suppliers,and making sure the relationship with trusted suppliers is stable.

When purchasing is a centralized operation that buys for many different subsidiaries,problems can surface because some like what they get and others do not.What should be done to prevent antagonism under such circumstances?

Even before 1960,manufacturing was becoming less _____ as a result of technology.

Materials management involves organizing and coordinating all management functions that are responsible for every aspect of materials movements and transformations.

Projects,such as bringing out a new product (start-ups) or building an office tower,can be flexible or vulnerable depending upon the _____.

Critical parts refers to

The performance of the _____ in the supply chain is related to the speed (or velocity) with which goods sell and amount of inventory that is on hand to be drawn down.

Value analysis and _____ are often seen as close relatives.

_____ purchasing may not be best for every organization,but it is more likely to be the best approach when the information systems infrastructure supports a global network.

_ provide a useful history of _.

Product Line Planning and the Systems Approach

Productivity and Strategic Planning

Demand Creation and Predictive Planning

Understanding Quality: ITS Management and Strategic Importance

Process Configuration Strategies

Process Analysis and Redesign

Quality Assurance

Management of Technology Mot

Teamwork Planning Requires Job Design

Supply Chain Capacity Planning

Facilities Planning: Location and Layout

Aggregate Planning to Balance Supply and Demand

Inventory Management for Smooth and Continuous Demand Patterns

Material Requirements Planning Mrp for Sporadic Demand Patterns

Production Scheduling for Manufacturing and Service Operations

Cycle-Time Management Increases Productivity

Project Management for New Products and Processes

Change Management With Faster Project Completions

Sustainability Issues: Environment, Ethics, and Security

Filters

Exam 12: Materials Management Impacts All Supply Chain Participants

Bidding is a process by which the seller requests competing companies to specify how much they will charge for their products.

Good turnover brings large rewards and a reputation for purchasing success.

A classical inventory problem with some special characteristics,namely,how much to buy when there is only one purchase occasion allowed.This is called a static inventory problem.

MMS is a system triggered by

Flow shops,like job shops,have a varied and changing set of materials requirements.

Alternatively,carrying large amounts of inventory can be _____,requiring more storage space than is justified,and running up carrying costs.

Components (C) and subassemblies (SA) are purchased materials that have _____ value added than the raw materials of which they are made.

_____ is reflected in the dollar demand,which is a good measure of item importance.

A trade-off model can be constructed to determine how many extra tires (spares) should be obtained at the time of the initial order for a tractor.Note that rubber deteriorates and that spare tires can be obtained at any time,at about the same price.

One widely-used information planning system is called material requirements planning (MRP).

The purchasing mission includes achieving deliveries are on time,receiving inventories,inspecting all incoming goods,certifying suppliers,and making sure the relationship with trusted suppliers is stable.

When purchasing is a centralized operation that buys for many different subsidiaries,problems can surface because some like what they get and others do not.What should be done to prevent antagonism under such circumstances?

Even before 1960,manufacturing was becoming less _____ as a result of technology.

Materials management involves organizing and coordinating all management functions that are responsible for every aspect of materials movements and transformations.

Projects,such as bringing out a new product (start-ups) or building an office tower,can be flexible or vulnerable depending upon the _____.

Critical parts refers to

The performance of the _____ in the supply chain is related to the speed (or velocity) with which goods sell and amount of inventory that is on hand to be drawn down.

Value analysis and _____ are often seen as close relatives.

_____ purchasing may not be best for every organization,but it is more likely to be the best approach when the information systems infrastructure supports a global network.

_____ provide a useful history of _____.

Product Line Planning and the Systems Approach

Productivity and Strategic Planning

Demand Creation and Predictive Planning

Understanding Quality: ITS Management and Strategic Importance

Process Configuration Strategies

Process Analysis and Redesign

Quality Assurance

Management of Technology Mot

Teamwork Planning Requires Job Design

Supply Chain Capacity Planning

Facilities Planning: Location and Layout

Aggregate Planning to Balance Supply and Demand

Inventory Management for Smooth and Continuous Demand Patterns

Material Requirements Planning Mrp for Sporadic Demand Patterns

Production Scheduling for Manufacturing and Service Operations

Cycle-Time Management Increases Productivity

Project Management for New Products and Processes

Change Management With Faster Project Completions

Sustainability Issues: Environment, Ethics, and Security

Filters

_ provide a useful history of _.